What’s Going on with Jamf Holding Corp.?
On August 16, 2021, Jamf Holding Corp. (JAMF) filed a Notification of Late Filing with the Securities and Exchange Commission (SEC) related to an “immaterial error” regarding the company’s quarterly report for the fiscal quarter that ended on June 30, 2021. Yesterday, August 16, JAMF stock held steady and closed at $33.12, representing no change in value.
What Does This Mean for JAMF?
Jamf Holding Corp. “recently identified an immaterial error related to certain commissions that were incorrectly capitalized instead of being expensed in its prior period financial statements,” according to the firm’s stated reasons as to why its second quarter 2021 financials could not be filed with the SEC on time.
JAMF explained that the company is working hard to “complete the Q2 2021 Form 10-Q as soon as possible,” although the firm will not be able to file the form by the August 16, 2021 deadline “without unreasonable effort and expense.” Jamf Holding Corp anticipates filing its Q2 2021 Form 10-Q “on or before the fifth calendar day following its original prescribed due date.”
JAMF has a Fundamental Rank of 47. Find out what this means to you and get the rest of the rankings on JAMF!
Jamf Holding Corp is the standard in Apple Enterprise Management, and its cloud software platform is the vertically focused Apple infrastructure and security platform. The company helps organizations, including businesses, hospitals, schools and government agencies, connect, manage and protect Apple products, apps and corporate resources in the cloud without ever having to touch the devices. It sells its Software-as-a-Service, or SaaS, solutions via a subscription model, through a direct sales force, online and indirectly via its channel partners, including Apple. The company operates in The Americas; Europe, the Middle East, India, and Africa; and Asia Pacific.
