Investigation Overview
An investigation on behalf of current long-term investors in shares of STRATA Skin Sciences, Inc. (NASDAQ: SSKN) was announced over potential breaches of fiduciary duties by certain officers and directors at STRATA Skin Sciences.
The investigation by a law firm concerns whether certain STRATA Skin Sciences officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
STRATA Skin Sciences, Inc reported that its annual Total Revenue rose from $30.7 million in 2016 to $31.44 million in 2017 and that its Net Income and that its Net Loss increased from $3.33 million in 2016 to $18.83 million in 2017.
Shares of STRATA Skin Sciences, Inc. (NASDAQ: SSKN) declined from $3.85 per share in September 2018 to as low as $2.36 per share in late October 2018.
On November 12, 2018, NASDAQ: SSKN shares closed at $2.90 per share.