An investigation on behalf of investors of LSI Industries Inc. (NASDAQ: LYTS) shares over potential securities laws violations by LSI Industries Inc. 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 LSI Industries Inc. (NASDAQ: LYTS) concerning whether a series of statements by LSI Industries Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Cincinnati, OH based LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. Shares of LSI Industries Inc. (NASDAQ: LYTS) reached as high as $13.38 per share in April 2016.
LSI Industries Inc. reported that its Total Revenue rose from $322.19 million for the 12 months period that ended on June 30, 2016 to $331.39 million for the 12 months period that ended on June 30, 2017.

On April 23, 2018, LSI Industries announced the sudden departure of its President and CEO, Dennis Wells

Shares of LSI Industries Inc. (NASDAQ: LYTS) declined on April 25, 2018 to as low as $5.12 per share.