PRLog - April 5, 2012 - SAN DIEGO -- An investor in NASDAQ:ZLTQ filed a lawsuit against Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
If you purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
According to the complaint the plaintiff alleges that defendants violated the Securities Exchange Act of 1933 by allegedly making false and misleading statements in the registration statement and prospectus for its IPO.
Zeltiq Aesthetics Inc went public in October 2011, which raised $89.3 million, at $13 a share
Zeltiq Aesthetics Inc reported that its annual Revenue rose from $1.59million in 2009 to $25.46million in 2010 and that its Net Loss decreased from $17.64million in 2009 to $13.53million in 2010. Furthermore Zeltiq Aesthetics Inc reported that its third quarter Revenue rose from $6.62million in 2010 to $17.72million in 2011 and its third quarter Net Loss decreased from $8.50million in 2010 to $2.85million in 2011.
Shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
Then on March 6, 2012 ZELTIQ Aesthetics, Inc. announced its financial results for the quarter and year ended December 31, 2011 and provided its guidance for 2012. Among other things, ZELTIQ Aesthetics issued its Fiscal Year 2012 Revenue guidance, which is below Analysts' Estimates
Following the announcement shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
Those who purchased shares of Zeltiq Aesthetics Inc (NASDAQ:ZLTQ)
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