Monday, June 23, 2014

Ixia Files Annual Report, Restatements

Calabasas-based network testing software and hardware developer Ixia this morning reported its financial reports for the fourth quarter and fiscal year ended December 31, 2013, its quarterly 10-Q for the quarter ended September 30, 2013, as well as a batch of other amendments to its quarterly reports--which the company says is "substantial progress" to becoming current with the Securities and Exchange Commission. Ixia has been digging itself out of a hole, all related to the surprise resignation of its former CEO back in October of 2013 due to a fabricated resume. That triggered a massive round of audits and delays to the company's earnings reports, and has had the company fending off a delisting on the NASDAQ.