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Investigation announced for Investors who lost money with shares of DMC Global Inc. (NASDAQ: BOOM)

12-05-2023 04:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in DMC Global Inc. (NASDAQ: BOOM) shares over potential securities laws violations by DMC Global.

An investigation for investors in DMC Global Inc. (NASDAQ: BOOM) shares over potential securities laws violations by DMC Global.

An investigation was announced concerning potential securities laws violations by DMC Global Inc. in connection with certain financial statements.

Investors who purchased shares of DMC Global Inc. (NASDAQ: BOOM), 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 DMC Global Inc. (NASDAQ: BOOM) concerning whether a series of statements by DMC Global Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Broomfield, CO based DMC Global Inc. provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. DMC Global Inc. reported that its annual Total Revenue rose from $260.11 million in 2021 to $654.08 million in 2022, and that its Net Loss of $0.202 million in 2021 turned into a Net Income of $12.24 million in 2022.

On November 2, 2023, DMC Global Inc. reported its financial results for the third quarter of 2023. Among other things, DMC reported a Non-GAAP EPS of $0.50, missing consensus estimates by $0.08, and a revenue figure of $172.1 million, missing consensus estimates by $11.87 million. In addition, the Company reported that its third quarter sales were down 11% year-over-year "due to lower product pricing, soft demand for commercial interior products, and brief operational challenges related to the go-live of a new ERP system."

Shares of DMC Global Inc. (NASDAQ: BOOM) declined from $28.01 per share on February 28, 2023, to as low as $15.61 per share on November 22, 2023.

Those who purchased shares of DMC Global Inc. (NASDAQ: BOOM) 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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