An investigation on behalf of investors in Apyx Medical Corporation (NASDAQ:APYX) shares over potential wrongdoing at Apyx Medical Corporation was announced.
San Diego, CA -- (SBWIRE) -- 09/11/2020 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Apyx Medical Corporation.
Investors who purchased shares of Apyx Medical Corporation (NASDAQ: APYX) 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 concerns whether certain Apyx Medical directors breached their fiduciary duties and caused damage to the company and its shareholders.
Clearwater, FL based Apyx Medical Corporation, a medical technology company, manufactures and sells medical devices in the cosmetic and surgical markets worldwide. Apyx Medical Corporation reported that its annual Total Revenue rose from $16.68 million in 2018 to $28.15 million in 2019 and that its Net Income of $64 million in 2018 declined to a Net Loss of $19.65 million in 2019.
On March 16, 2020, Apyx Medical Corporation announced that its financial statements for the twelve months ended December, 31 2018 and the quarterly statements for the three and nine months ended September 30, 2018 and three months ended March 31, 2019 could no longer be relied upon and would need to be restated.
Shares of Apyx Medical Corporation (APYX) declined from $8.56 per share on January 3, 2020, to as low as $2.92 per share on March 23, 2020.
Those who purchased shares of Apyx Medical Corporation (NASDAQ: APYX) 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 Shareholders Foundation, Inc.
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.