Investors canContactthe toll-free law firm to learn more about recovering their losses
LOS ANGELES, Aug. 23, 2022 (GLOBE NEWSWIRE) — Portnoy Law Firm advises investors of Co-Diagnostics, Inc. (“Co-Dx” or the “Company”) (NASDAQ: CODX) that the firm has launched an investigation into possible securities fraud and may file a class action lawsuit on behalf of investors. Co-Diagnostics investors who have lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.
On August 11, 2022, Co-Dx shocked investors when the company issued a press release and filed a report with the United States Securities and Exchange Commission that disclosed its financial results for the quarter ended June 30, 2022. The company disclosed revenue of $5.0 million. for the quarter ended June 30, 2022, down from $27.4 million in the prior year period, a decline of nearly 82%. The Company primarily attributed the decline to lower demand for the Logix Smart™ COVID-19 test.
On this news, Co-Dx’s common stock price fell $1.98 per share, or 30.65%, to close at $4.48 per share on August 12, 2022.
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Portnoy Law Firm represents investors in the prosecution of claims caused by corporate wrongdoing. The company’s founding partner has recovered more than $5.5 billion for harmed investors. Lawyer advertisement. Prior results do not guarantee similar results.
Lesley F. Portnoy, Esq.
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