On May 15, 2023, Arrow announced that it had received a second notice of non-compliance due to its failure to time file its first quarter 2023 report. Then, on April 5, 2023, Arrow disclosed that it had received a notice of non-compliance with the NASDAQ periodic filing requirements due to the Company's failure to timely file its 2022 report. On May 11, 2023, the Company announced that it would not be able to file its first quarter 2023 report on time "because the Company continued to require additional time to complete management's assessment of the effectiveness of internal controls over financial reporting as of December 31, 2022" On this news, Arrow's stock price fell $0.33, or 1.7%, to close at $19.59 per share on May 12, 2023. Smith to discuss their legal rights in this class action at 88 or by email to March 16, 2023, Arrow disclosed that it would be unable to file its 2022 annual report on time because the Company needed "additional time to complete the assessment of the effectiveness of internal controls over financial reporting." On this news, Arrow's stock price fell $0.99, or 3.6%, to close at $26.21 per share on March 17, 2023, thereby injuring investors.
Investors suffering losses on their Arrow investments are encouraged to contact the Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Arrow Financial Corporation ("Arrow" or the "Company") (NASDAQ: AROW). Since hail can cause the rainfall estimates to be higher than what is actually occurring, steps are taken to prevent these high dBZ values from being converted to rainfall.BENSALEM, Pa., J/PRNewswire/ - Law Offices of Howard G. Hail is a good reflector of energy and will return very high dBZ values. These values are estimates of the rainfall per hour, updated each volume scan, with rainfall accumulated over time. Depending on the type of weather occurring and the area of the U.S., forecasters use a set of rainrates which are associated to the dBZ values. The higher the dBZ, the stronger the rainrate. Typically, light rain is occurring when the dBZ value reaches 20. The scale of dBZ values is also related to the intensity of rainfall. The value of the dBZ depends upon the mode the radar is in at the time the image was created. Notice the color on each scale remains the same in both operational modes, only the values change. The other scale (near left) represents dBZ values when the radar is in precipitation mode (dBZ values from 5 to 75). One scale (far left) represents dBZ values when the radar is in clear air mode (dBZ values from -28 to +28). Each reflectivity image you see includes one of two color scales. The dBZ values increase as the strength of the signal returned to the radar increases. So, a more convenient number for calculations and comparison, a decibel (or logarithmic) scale (dBZ), is used. Reflectivity (designated by the letter Z) covers a wide range of signals (from very weak to very strong). "Reflectivity" is the amount of transmitted power returned to the radar receiver. The colors are the different echo intensities (reflectivity) measured in dBZ (decibels of Z) during each elevation scan.
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