CONX to restate 2024 cash flow statement over material accounting error
CONX•CONX will restate its 2024 cash flow statement in its 2025 annual report, changing approximately $4.9 million in operating cash outflows to approximately $1 million in inflows. The restatement will not affect net income, earnings per share or cash balances.
1. Cash flow corrections
On November 13, 2026, CONX’s audit committee determined that the previously issued 2024 cash flow statement and related auditor’s report should no longer be relied upon. The correction will increase investing cash outflows by approximately $5.9 million, to approximately $61 million from approximately $55.1 million.
