Investigation Overview
October 19, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Imprivata Inc (NYSE:IMPR) shares over potential securities laws violations by Imprivata 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 Imprivata Inc (NYSE:IMPR) concerning whether a series of statements by Imprivata regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On June 25, 2014, Imprivata Inc shares traded at $17.49, the day it sold 5.0 million shares of stock in its initial public stock offering (IPO).
Imprivata Inc reported that its annual Total Revenue rose from $41.42 million in 2011 to $96.98 million in 2014 while its Net Income of $2.72 million in 2011 declined to a Net Loss of $16.74 million in 2014.
Shares of Imprivata Inc (NYSE:IMPR) grew from $12.60 per share in March 2015 to as high as $20.83 per share in August 2015.
On October 14, 2015, Imprivata Inc announced its preliminary third quarter 2015 financial results.
Shares of Imprivata Inc (NYSE:IMPR) declined to as low as $9.81 per share on October 15, 2015.