Investigation Overview
An investigation on behalf of investors of YogaWorks, Inc. (NASDAQ: YOGA) shares over potential securities laws violations by YogaWorks, 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 YogaWorks, Inc. (NASDAQ: YOGA) concerning whether a series of statements by YogaWorks, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Cluver City, CA based YogaWorks, Inc. operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. YogaWorks, Inc. reported that its annual Total Revenue rose from $55.09 million in 2016 to $54.51 million in 2017 and that its Net Loss increased from $9.5 million in 0216 to $23.43 million in 2017.
Shares of YogaWorks, Inc. (NASDAQ: YOGA) declined to as low as $0.883 per share on October 30, 2018.
On November 5, 2018, NASDAQ: YOGA shares closed at $0.91 per share.