In  looper mode, when you have recorded a loop catchup mode is enabled on Dly Time A (Loop Start Point) and Dly Time B (Loop Length) and this is what you are seeing. One of these is probably sitting on the fence and causing the catchup display to be visible. If you wiggle both these knobs it should stop.

If this doesn't fix it, it may be a bad contact on obe of these controls which would require service – contact your dealer or support@eventide.com in this case.