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SOURCE Johnson Fistel, LLP
SAN DIEGO, May 15, 2018 /PRNewswire/ -- Johnson Fistel, LLP, is investigating potential violations of the federal securities laws by Restoration Robotics, Inc., (NASDAQ: HAIR) ("Restoration Robotics") and certain of its officers and directors. Restoration Robotics is a medical device company that develops and commercializes image-guided robotic systems in the United States and internationally.
On May 14, 2018, Restoration Robotics reported revenue in the first quarter of 2018 was $5.0 million, a 9% decrease from $5.5 million in the first quarter of 2017. Net loss for the first quarter of 2018 was $7.4 million or $(0.26) per share. The results fell short of Wall Street expectations. The average estimate of two analysts was for a loss of $(.17) per share and revenue of $5.93 million.
On or about, October 12, 2017, Restoration Robotics sold 3,575,000 million shares of stock in its initial public stock offering (the "IPO"), at $7 a share raising $25,025,000 in new capital. However, since the IPO, Restoration Robotics stock has imploded, on May 15, 2018, in pre-market trading, the stock was trading below $4.00.
Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its October 2017 initial public stock offering (the "IPO") contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.
If you have information that could assist in this investigation, or if you are a Restoration Robotics shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
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