RE:RE:Earnings It's not such a matter of why not use it, as it is that the larger companies get the attention of the audit firms first. After the audits for larger companies are completed they can pivot to audit the venture companies.
Some venture companies will indeed file prior to the deadline because they have their act together or their filings are simpler, but also because their auditor makes themselves available earlier.
Remember that audited Q4 must be completed by Apr 30, but then un-audited Q1 must be filed by May 31, so we get six months of data in a 31 day period.
FOMOsapien wrote: Nvm. I read end of April. Venture companies can take an extra month apparently ...so why not use it I guess.