Red-faced bluebird discloses accounting errors
US biotech bluebird bio (Nasdaq: BLUE) revealed that it had made mistakes in previous financial statements in a filing with the US Securities and Exchange Commission.
The filing details errors that were made in the annual report for 2022, and in the statements relating to the first three quarters of both 2022 and 2023.
bluebird has stated that it underestimated its lease assets and lease liabilities by between $100 million and $200 million in the annual report, and by a sum somewhere between $30 million and $125 million in each of the quarterly periods.
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