The Shareholders Foundation announces that an investigation on behalf of investors of Datawatch Corporation (NASDAQ:DWCH) shares was initiated over potential securities laws violations by Datawatch. and certain of its directors and officers in connection certain financial statements.
If you purchased shares of Datawatch Corporation (NASDAQ:DWCH), you have certain options and you should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Datawatch Corporation (NASDAQ:DWCH) concerning whether a series of statements by Datawatch regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Datawatch Corporation reported that its Total Revenue increased from $26.01 million for the 12 months period that ended on Sept. 30, 2012 to $30.30 million for the 12 months period that ended on Sept. 30. 2013, while its Net Income of $1.03 million for the 12 months period that ended on Sept. 30, 2012 fell to a Net Loss of $4.20 million for the 12 months period that ended on Sept. 30, 2013. Shares of Datawatch Corporation (NASDAQ:DWCH) grew from $5.96 per share in early 2012 to as high as $37.85 per share in late 2013.
Then on April 10, 2014, Datawatch Corporation announced its preliminary Second Quarter 2014 Fiscal Financial Results. Shares of Datawatch Corporation declined from $23 per share on April 10, 2014, to $13.51 per share on April 11, 2014.
On April 21, 2014, NASDAQ:DWCH closed at $14.35 per share.
Those who purchased shares of Datawatch Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com