An investigation for investors in Avinger Inc (NASDAQ:AVGR) shares over potential securities laws violations by Avinger Inc was announced and NASDAQ:AVGR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 07/19/2016 -- An investigation on behalf of investors in NASDAQ:AVGR shares was announced over potential securities laws violations by Avinger Inc and certain of its directors and officers.
Investors who purchased shares of Avinger Inc (NASDAQ:AVGR), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Avinger Inc (NASDAQ:AVGR) concerning whether a series of statements by Avinger Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 12, 2016, Avinger Inc announced its preliminary second quarter 2016 revenue results. Avinger Inc announced that it expects total revenue of $4.7 million for the second quarter ended June 30, 2016, versus the consensus estimate of $5.70 million. Avinger Inc said that it now expects 2016 revenue to be in the range of $19 million to $23 million, compared to previous guidance in the range of $25 million to $30 million.
Shares of Avinger Inc (NASDAQ:AVGR) declined on July 18, 2016, to as low as $6.41 per share.
Those who purchased shares of Avinger Inc have certain options and should contact the Shareholders Foundation.
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