An investigation for investors in NASDAQ:AVGR shares was announced over potential securities laws violations by Avinger Inc and certain of its directors and officers.
Investors who purchased shares of Avinger Inc (NASDAQ:AVGR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Avinger Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 12, 2016, Avinger Inc announced its preliminary second quarter 2016 revenue results. Avinger Inc announced that it expects total revenue of $4.7 million for the second quarter ended June 30, 2016, versus the consensus estimate of $5.70 million. Avinger Inc said that it now expects 2016 revenue to be in the range of $19 million to $23 million, compared to previous guidance in the range of $25 million to $30 million.
Shares of Avinger Inc (NASDAQ:AVGR) declined on July 15, 2016, to as low as $6.16 per share.
Those who purchased NASDAQ:AVGR shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com