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Investors who lost money with shares of Cutera, Inc. (NASDAQ: CUTR) should contact the Shareholders Foundation

03-16-2023 01:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Cutera, Inc. (NASDAQ: CUTR) shares over potential securities laws violations by Cutera, Inc.

An investigation for investors in Cutera, Inc. (NASDAQ: CUTR) shares over potential securities laws violations by Cutera, Inc.

An investigation was announced on behalf of investors of Cutera, Inc. (NASDAQ: CUTR) shares over potential securities laws violations by Cutera, Inc.

Investors who purchased shares of Cutera, Inc. (NASDAQ: CUTR), 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 focuses on possible claims on behalf of purchasers of the securities of Cutera, Inc. (NASDAQ: CUTR) concerning whether certain statements by Cutera, Inc. (NASDAQ: CUTR regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Brisbane, CA based Cutera, Inc., a medical device company, researches, develops, manufactures, markets, and services laser and energy-based aesthetics systems for practitioners worldwide. Cutera, Inc. reported that its annual Total Revenue rose from $147.68 million in 2020 to $231.27 million in 2021, and that its Net Loss of $23.87 million in 2020 turned into a Net Income of $2.06 million in 2021.

On February 28, 2023, Cutera Inc announced, that it would fail to file its 2022 annual report in a timely manner. The Company also admitted that it identified "material weaknesses in its internal control over financial reporting related to ineffective information technology general controls and ineffective inventory count controls."

Shares of Cutera, Inc. (NASDAQ: CUTR) declined from $74.38 per share on April 05, 2022, to as low as $28.20 per share on March 13, 2023.

Those who purchased shares of Cutera, Inc. (NASDAQ: CUTR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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