NEW YORK, Aug. 10, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities Avinger, Inc. ("Avinger" or the "Company") (NASDAQ: AVGR). Such investors are advised to contact Peretz Bronstein or his investor relations analyst, Yael Hurwitz at firstname.lastname@example.org or 212-697-6484.
The investigation concerns whether Avinger and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
This investigation concerns whether several of Avinger's statements regarding its business, prospects and operations were materially false and misleading at all relevant times. Avinger announced that its annual Total Revenue dropped from 2014's $11.21 million to $10.71 million for 2015. Avinger also said its Net Loss increased from 2014's $31.96 million to $47.34 million in 2015.
On July 12, 2016, Avinger released its preliminary second quarter 2016 revenue results and said it expects a total revenue of $4.7 million for the second quarter ended June 30, 2016, versus the consensus estimate of $5.70 million. Avinger also stated that it projects its 2016 revenue to be roughly between $19 million to $23 million, compared to its previous guidance estimated between $25 million to $30 million. Following these reports, Avinger shares dropped to as low as $6.16 per share on July 15, 2016.
If you purchased Avinger shares or if you are aware of any facts relating to this investigation, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/avgr. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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