December 30, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Zagg Inc (NASDAQ:ZAGG) shares over potential securities laws violations by Zagg Inc 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 Zagg Inc (NASDAQ:ZAGG) concerning whether a series of statements by Zagg Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Zagg Inc reported that its annual Total Revenue rose from $219.36 million in 2013 to $269.31 million in 2015 and that its Net Income increased from $4.79 million in 2013 to $15.59 millio in 2015.

On November 1, 2016, Zagg Inc announced its third quarter 2016 financial results. Notably, the Company reported a non-cash net mophie impairment charge of $24.3 million related to disputes in acquisition-date value of working capital.

On December 30, 2016 NASDAQ:ZAGG shares closed at $7.10 per share.