San Diego, CA -- (SBWire) -- 10/24/2023 --Silk Road Medical, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Silk Road Medical, Inc (NASDAQ: SILK), 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 Silk Road Medical, Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sunnyvale, CA based Silk Road Medical, Inc. operates as a medical device company in the United States. Silk Road Medical, Inc reported that its annual Total Revenue rose from $101.47 million in 2021 to $138.63 million in 2022, and that its Net Loss increased from $49.46 million in 2021 to $54.76 million in 2022.
On October 10, 2023, Silk Road Medical, Inc missed Wall Street's expectations and reduced full-year guidance of $170 million to $174 million from a prior range of $180 million to $184 million. Additionally, the company announced Erica Rogers, CEO, would be retiring.
Shares of Silk Road Medical, Inc (NASDAQ: SILK) declined from $58.04 per share in January 2023 to as low as $6.24 per share on October 23, 2023.
Those who purchased shares of Silk Road Medical, Inc (NASDAQ: SILK) 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.
NASDAQ:SILK Investor Alert: Investigation over Possible Securities Laws Violations by Silk Road Medical, Inc
An investigation for investors in Silk Road Medical, Inc (NASDAQ:SILK) shares over potential securities laws violations by Silk Road Medical, Inc was announced.