An investigation on behalf of investors in shares of Active Network Inc (NYSE:ACTV) continues and NYSE:ACTV stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 09/09/2013 -- An investigation on behalf of investors, who purchased shares of Active Network Inc (NYSE:ACTV), was initiated over potential securities laws violations in connection certain financial statements.
Investors who purchased shares of Active Network Inc (NYSE:ACTV) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Active Network Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 1, 2012, Active Network Inc reported its third quarter 2012 financial results. Among other things, Active Network Inc, also issued its guidance for the fourth quarter and FY 2012 and 2012. Active Network Inc said that it expected a Net Loss of $18 to $13 million for the fourth quarter in 2012 and a Net Loss of $47 to $42 million for the FY 2012.
Shares of Active Network Inc (NYSE:ACTV) dropped from $9.46 per share on Nov. 1, 2012 to $5.055 on November 2, 2012.
Active Network Inc reported that while its annual Total Revenue rose from $337.39 million in 2011 to $418.89 million in 2012 its Net Loss increased from $15.33 million in 2011 to $43.03 million in 2012.
Shares of Active Network Inc (NYSE:ACTV) declined to as low as $4.19 per share in March 2013.
On September 6, 2013, NYSE:ACTV shares closed at $9.53 per share.
Those who purchased shares of Active Network Inc (NYSE:ACTV), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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