San Diego, CA -- (SBWIRE) -- 09/14/2015 -- An investor in shares of Spectranetics Corp (NASDAQ:SPNC) filed a lawsuit in the U.S. District Court for the District of Colorado over alleged violations of Securities Laws by Spectranetics Corp.

Investors who purchased shares of Spectranetics Corp (NASDAQ:SPNC) have certain options and for certain investors are short and strict deadlines running. Deadline: October 26, 2015. NASDAQ:SPNC investors should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

The plaintiff claims that between February 19, 2015, and July 23, 2015 defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose to investors that Spectranetics Corp was being negatively impacted by increasing competition, that Spectranetics' sales force optimization efforts were inadequate, that that, as a result, Spectranetics Corp was performing below expectations, that Spectranetics Corp lacked adequate internal controls; and that, as a result of the foregoing, Defendants' statements about Spectranetics's business, operations and prospects were false and misleading and/or lacked a reasonable basis.

Spectranetics Corp reported that its annual Total Revenue rose from $140.28 million in 2012 ro $204.91 million in 2014 while its Net Income of $2.23 million in 2012 declined to a Net Loss of $40.90 million in 2014. Shares of Spectranetics Corp (NASDAQ:SPNC) grew from $7.61 per share in March 2012 to as high as $36.44 per share in March 2015.

Then on April 23, 2015, Spectranetics Corp reported its first quart 2015 revenue. While Spectranetics Corp reported that its first quarter Revenue rose from $39.61 million last year to $57.42 million in 2015, its first quarter Net Loss increased from $5.66 million in 2014 to $27.3 million in 2015. Shares of Spectranetics Corp (NASDAQ:SPNC) declined to as low as $23.87 per share on April 24, 2015.

On July 23, 2015, Spectranetics Corp lowered revenue guidance for the remainder of 2015. According to Spectranetics Corp, competitive pressure from the rapid adoption of drug-coated balloons and ongoing sales force optimization efforts were causing its AngioSculpt franchise to perform below expectations. Shares of Spectranetics Corp (NASDAQ:SPNC) dropped to $15.00 per share on July 24, 2015.

Those who purchased shares of Spectranetics Corp (NASDAQ:SPNC) 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