An investigation for investors in IMPINJ Inc (NASDAQ:PI) shares over potential securities laws violations by IMPINJ Inc was announced.
San Diego, CA -- (SBWIRE) -- 02/12/2018 -- An investigation was announced for investors in NASDAQ:PI shares concerning possible violations of securities laws violations by IMPINJ Inc in connection with certain financial statements.
Investors who purchased shares of IMPINJ Inc (NASDAQ:PI), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of IMPINJ Inc (NASDAQ:PI) concerning whether a series of statements by IMPINJ Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Seattle, WA based Impinj, Inc. is a provider of RAIN radio frequency identification (RFID) solutions. IMPINJ Inc reported that its annual Total Revenue rose from $78.48 milion in 2015 to $112.29 million in 2016. Shares of IMPINJ Inc (NASDAQ:PI) reached in July 2017 as high as $59.37 per share.
On February 1, 2018, Impinj announced its preliminary fourth quarter 2017 revenue and reduced its outlook for the first quarter 2018. Additionall, IMPINJ Inc reported that long-timeChief Financial Officer Evan Fein ,who has been with the company since 2000, has decided to step down effective March 30.
Shares of IMPINJ Inc (NASDAQ:PI) declined to $11.31 per share on February 5, 2018.
Those who purchased shares of IMPINJ Inc (NASDAQ:PI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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