Law Offices of Howard G. Smith continues its investigation on behalf of Outset Medical, Inc. (“Outset Medical” or the “Company”) (NASDAQ: OM) investors concerning the Company’s possible violations of federal securities laws.
On August 7, 2024, Outset Medical released its second quarter 2024 financial results, significantly missing consensus estimates and lowering its full year 2024 outlook. The Company stated that the “changes [it] needs to make are entirely in [its] control” and will require “shifts and adjustments” to its sales team, sales processes, pipeline management, and deal control. As a result, the Company will be significantly restructuring and unable to deliver on a ramp of TabloCart as previously forecast.
On this news, Outset Medical’s stock price fell $2.33, or 68.5%, to close at $1.07 per share on August 8, 2024, thereby injuring investors further.
If you purchased Outset securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
