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Super Micro Computer (SMCI) is falling by over 20% Wednesday morning after reporting its preliminary fiscal first quarter earnings yesterday. The company has yet to file its annual 10-K report, delayed from August, especially distressing as Ernst & Young resigned as the company's auditor last week.

Morning Brief hosts Seana Smith and Brad Smith break down Super Micro's available guidance and debt figures.

Wedbush Securities managing director of equity research Matt Bryson described the report as "a whole lot of unknown" in an interview with Yahoo Finance.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.