{
  "url": "https://struct.news/briefs/avxl-turned-a-53m-loss-into-profit-with-a-non-cash-accounting-change",
  "title": "AVXL turned a $5.3M loss into profit, with a non-cash accounting change",
  "summary": "Operating cash flow worsened to negative $20.7 million even as net income reached $7.8 million, and AVXL said its controls were ineffective.",
  "published_at": "2026-08-28T20:32:40.276463+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "AVXL",
    "ticker": "AVXL",
    "cik": "1731122",
    "sector": null,
    "industry": null
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-28",
    "accession": "0001731122-26-001167",
    "url": "https://www.sec.gov/Archives/edgar/data/1314052/000173112226001167/e7886_10-q.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2026-08-28",
    "url": "https://www.sec.gov/Archives/edgar/data/1314052/000173112226001166/e7885_10-q.htm"
  },
  "reported_figures": [
    {
      "group": "AVXL market snapshot",
      "label": "Last close",
      "value": 2.71,
      "display": "$2.71",
      "unit": "usd_per_share",
      "period": "2026-05-21",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-05-21"
      }
    },
    {
      "group": "AVXL market snapshot",
      "label": "One-day move",
      "value": -1.4545454545454528,
      "display": "-1.5%",
      "unit": "percent",
      "period": "2026-05-21",
      "detail": null,
      "source": {
        "kind": "market_data",
        "label": "Observed market close",
        "as_of": "2026-05-21"
      }
    }
  ],
  "watch_next": [
    {
      "type": "filing_language",
      "statement": "AVXL reported that its disclosure controls were ineffective because of a material weakness in internal control over financial reporting.",
      "importance": "medium",
      "evidence": "Based on this evaluation, our Principal Executive Officer and our Principal Financial Officer concluded that our disclosure controls and procedures were not effective as of June 30, 2026 due to the material weakness in internal control over financial reporting as described in our Form 10-K/A for the fiscal year ended September 30, 2025, filed with the SEC on August 28, 2026 (the “2025 Form 10-K/A”).",
      "source_date": "2026-08-28"
    }
  ],
  "related_tickers": [
    "AVXL"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}