San Diego, CA -- (SBWire) -- 08/09/2023 --Cryoport, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Cryoport, Inc. (NASDAQ: CYRX), 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 Cryoport, Inc. (NASDAQ: CYRX regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Brentwood, TN based Cryoport, Inc. provides temperature-controlled supply chain solutions in biopharma/pharma, animal health, and human reproductive medicine markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
On July 12, 2023, after market hours, Cryoport, Inc. announced preliminary second-quarter financial results, and disclosed that its second quarter 2023 total revenue "is expected to be in the range of $56.5 to $57.5 million, representing a decrease of 11%, at the midpoint, compared to the second quarter of 2022." The Company attributed the shortfall to "a global slowdown in capital equipment investment" as well as "a number of clinical trial start delays and several key customers falling short of their forecasts for the revenue ramp of certain cell and gene therapies."
Shares of Cryoport, Inc. (NASDAQ: CYRX) declined from $29.98 per share on October 27, 2022, to as low as $12.91 per share on August 08, 2023.
Those who purchased shares of Cryoport, Inc. (NASDAQ: CYRX) 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
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Cryoport, Inc. (NASDAQ:CYRX) Investor Notice: Investigation over Possible Violations of Securities Laws
An investigation for investors in Cryoport, Inc. (NASDAQ:CYRX) shares over potential securities laws violations by Cryoport, Inc. was announced.