DMC GLOBAL INC. NEW YORK, Dec. 10, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DMC Global Inc. ("DMC" or the "Company") (NASDAQ: BOOM). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether DMC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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After the market closed on November 2, 2023, DMC reported its financial results for the third quarter of 2023. Among other things, DMC reported a Non-GAAP EPS of $0.50, missing consensus estimates by $0.08, and a revenue figure of $172.1 million, missing consensus estimates by $11.87 million. In addition, the Company reported that its third quarter sales were down 11% year-over-year "due to lower product pricing, soft demand for commercial interior products, and brief operational challenges related to the go-live of a new ERP system."
On this news, DMC's stock price fell $1.89 per share, or 9.95%, to close at $17.10 per share on November 3, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
