A short report issued by Spruce Point Capital on Tuesday raises concerns about the financial practices of Perion Network, Ltd. (NASDAQ: PERI). The short seller is questioning the company’s reporting and growth sustainability, with the report stating the situation could result in “sloppy and error-prone reporting, and at worst case manipulative accounting and reporting practices.”
Perion Network didn’t immediately respond to Benzinga’s request for comment.
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Key points raised in the Spruce Point Capital report include:
Perion’s high revenue and EBITDA per employee, …
