Lawsuit February 4th Deadline Alert: Investors who lost money with shares of DMC Global Inc. (NASDAQ: BOOM) should contact the Shareholders Foundation

An investor, who purchased shares of DMC Global Inc. (NASDAQ: BOOM), filed a lawsuit over alleged violations of Federal Securities Laws by DMC Global Inc.

Investors who purchased a significant amount of shares of DMC Global Inc. (NASDAQ: BOOM) between May 3, 2024 and November 4, 2024, and / or if you purchased any NASDAQ: BOOM shares prior to May 2024 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: February 4, 2025. NASDAQ: BOOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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 $654.08 million in 2022 to $719.18 million in 2023 and that its Net Income increased from $14.18 million in 2022 to $21.38 million in 2023.

On October 21, 2024, DMC Global Inc. disclosed that it was "revising its guidance" for the quarter ended September 30, 2024, stating that the Company's adjusted EBITDA is now expected to be approximately $5 million, down from prior guidance for $15-18 million, and that the third quarter financial results "will include inventory and bad debt charges at DynaEnergetics totaling approximately $5 million, as well as lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics." The Company also revealed that the financial results will include an approximate $142 million non-cash goodwill impairment charge "associated with DMC's December 2021 acquisition of a controlling interest in Arcadia."

On November 4, 2024, DMC Global Inc released its third-quarter financial results for the period ending September 30, 2024. Among other results, the Company reported third quarter sales of $152.4 million, down 11% sequentially and year-over-year, as well as the previously disclosed non-cash goodwill impairment charge.

Shares of DMC Global Inc. (NASDAQ: BOOM) declined from $15.98 per share on May 3, 2024, to as low as $7.16 per share on November 21, 2024.

According to the complaint the plaintiff alleges on behalf of purchasers of DMC Global Inc. (NASDAQ: BOOM) common shares between May 3, 2024 and November 4, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 3, 2024 and November 4, 2024, the defendants made materially false and misleading statements and failed to disclose the following adverse facts about DMC Global's business, operations, and prospects which were known to defendants or recklessly disregarded by them: (i) the goodwill associated with the company's principal business segment, Acadia Products, was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global's materially inadequate internal systems and processes were adversely affecting its operations; (iii) the company's inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (iv) as a result, defendants misrepresented DMC Global's operations and financial results; and/or (v) as a result, the company's public statements were materially false, misleading, or lacked a reasonable basis when made.

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.

This release was published on openPR.