Spruce Point Capital Management published a report announcing a 'Strong Sell' research opinion on Tempus AI, Inc. The report alleged that Tempus’s AI capabilities were overstated and that the company was engaging in 'aggressive and suspicious accounting practices.'
The short-seller report also claimed that Tempus’s leadership is 'connected to troubling financial restatements and SEC-charged fraud allegations.' It further suggested that the company’s recent financial guidance revision revealed weakness in its core operations.
Spruce Point raised questions about Tempus AI’s accounting and financial reporting, asserting that the company has 'suspicious revenue-generating partnerships' that purportedly 'embellish the Company’s weakening position.' Tempus AI responded to Yahoo Finance, stating that the report is 'riddled with hypotheticals and inaccuracies.'
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