Investigation Overview
March 13, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Coupons.Com Inc (NYSE:COUP) shares over potential securities laws violations by Coupons.Com and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Coupons.Com Inc (NYSE:COUP) concerning whether a series of statements by Coupons.Com Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Coupons.Com Inc went public in March 9, 2014 and shares traded at close to $30 per share in mid-March 2014, respectively slightly above $30 per share in June 2014.
On February 9, 2015, Coupons.Com Inc announced its fourth quarter and full year 2014 results. Coupons.Com Inc reported that its annual Total Revenue rose from $167.89 million in 2013 to $221.76 million in 2014. However, its Net Loss increased from $11.25 million in 2013 to $23.44 million in 2014. Shares of Coupons.Com Inc NYSE:COUP) declined from $15.06 per share on February 9, 2015 to as low as $9.24 per share on February 10.2015.