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 (jimb@johnsonfistel.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.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP