An investigation for investors in Restoration Robotics, Inc. (NASDAQ: HAIR) shares over potential securities laws violations by Restoration Robotics, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 06/04/2018 -- An investigation was announced for investors in NASDAQ: HAIR shares over potential securities laws violations by Restoration Robotics, Inc.
Investors who purchased shares of Restoration Robotics, Inc. (NASDAQ: HAIR), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Restoration Robotics, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Jose, CA based Restoration Robotics, Inc., a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. On or about, October 12, 2017, Restoration Robotics, Inc sold 3,575,000 million shares of stock in its initial public stock offering (the "IPO"), at $7 a share raising 25,025,000 in new capital.
On March 5, 2018, Restoration Robotics, Inc announced its finical results for the fourth quarte rand full year 2017. Restoration Robotics, Inc. reported that its annual Total Revenue rose from $15.6 million in 2016 to $21.29 million in 2017 and that its Net loss declined from $21.84 million in 2016 to $17.84 million in 2017.
On March 14, 2018, Restoration Robotics, Inc reported its first quarter 2018 financial results. Restoration Robotics, Inc reported that its first quarter Revenue declined from $5.475 million in 2017 to $5.005 million in 2018 and that its first quarter Net Loss increased from $5.159 million in 2017 to $7.431 million in 2018.
Those who purchased shares of Restoration Robotics, Inc. (NASDAQ: HAIR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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