SEC comment letter
SEC correspondence
SEC staff questioned Waton Financial Ltd's accounting for non-GAAP measures
Letter dated 2026-03-24; published on EDGAR 2026-09-29 — the SEC releases comment letters only after the review closes.
We note your disclosure of the non-GAAP financial measures 'Adjusted Net Income' and 'Adjusted Net Loss' in your business overview on page 45 when discussing results of operations in the periods presented. Please represent to us that, in future filings, you will provide all the non-GAAP disclosures required by Item 10(e)(1)(i) of Regulation S-K. Notes to Consolidated Financial Statements Note 2. Summary of…
Evidence
- Cited sections
- Item 4. Information on the Company B. Business Overview, page 44
- Direction
- staff to company
- Letter dated
- 2026-03-24
- Published on edgar
- 2026-09-29
- Reviewing
- Waton Financial Limited Form 20-F for Fiscal Year Ended March 31, 2025 File No. 001-42573 Dear WEN Huaxin: We have limited our review of your filing to the fina
- Source
- SEC staff comment letter (UPLOAD)
- Topics
- Non-GAAP measures, MD&A, Goodwill and impairment, Fair value, Crypto assets
- Why
- SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.