Outset Medical, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - OM
NEW YORK, NY / ACCESSWIRE / August 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Outset Medical, Inc. ("Outset Medical") (NASDAQ:OM) concerning possible violations of federal securities laws.
Outset Medical reported its second-quarter financial results on August 7, 2024, revealing a notable decrease in revenue and a downward adjustment in its full-year guidance. The company 's revenue for Q2 2024 fell to $27.4 million, a significant drop from $36.0 million in the same period the previous year. Product revenue also diminished, reaching only $19.2 million. Additionally, new console placements did not meet expectations, further impacting overall performance. As a result, Outset Medical revised its full-year 2024 revenue guidance to $110 million, a substantial reduction from the earlier projected range of $145 to $153 million.
On this news, Outset Medical stock dropped over 59% during early morning trading on August 8, 2024. To obtain additional information, go to:
https://zlk.com/pslra-1/outset-medical-lawsuit-submission-form?prid=94952&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE:Levi & Korsinsky, LLP
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