An investigation on behalf of investors of Domo, Inc. (NASDAQ: DOMO) shares over potential securities laws violations by Domo, Inc. (NASDAQ: DOMO and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Domo, Inc. (NASDAQ: DOMO) concerning whether a series of statements by Domo, Inc. (NASDAQ: DOMO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

American Fork, UT based Domo, Inc. operates a cloud-based platform in the United States. Domo, Inc. reported that its total Revenue rose from $74.54 million for the 12 months period that ended on January 31, 2017 to $108.52 million for the 12 months period that ended on January 31, 2018, and that Net Loss over those respective time periods declined from $183.12 million to $176.56 million. On or about June 29, 2018, Domo, Inc sold 9.2 million shares of stock in its initial public stock offering (the 'IPO'), at $21 a share raising $193,200,000 in new capital. Since the IPO, Domo, Inc stock has plunged and declined to as low as $13.28 per share in late November 2018.