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MarketScreener Homepage  >  Equities  >  Nasdaq  >  InnerWorkings, Inc.    INWK

INNERWORKINGS, INC.

(INWK)
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INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against InnerWorkings, Inc. and Encourages Investors with Losses to Contact the Firm

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03/17/2020 | 07:26pm EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of InnerWorkings, Inc. (“InnerWorkings” or “the Company”) (NASDAQ: INWK) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. InnerWorkings issued a press release on March 16, 2020, quoting the Company’s CFO as stating: “as a result of the material weaknesses previously disclosed, insufficient evidence existed to support the recognition of revenue in arrangements containing bill and hold provisions. Therefore, we deferred the related revenue until product shipped from our warehouse.” Based on this news, shares of InnerWorkings fell by more than 17% on the next day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2020
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Financials (USD)
Sales 2020 1 062 M - -
Net income 2020 -3,78 M - -
Net Debt 2020 - - -
P/E ratio 2020 -16,9x
Yield 2020 -
Capitalization 59,2 M 59,2 M -
EV / Sales 2019
Capi. / Sales 2020 0,06x
Nbr of Employees 2 100
Free-Float 62,9%
Chart INNERWORKINGS, INC.
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Technical analysis trends INNERWORKINGS, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price 3,50 $
Last Close Price 1,13 $
Spread / Highest target 298%
Spread / Average Target 210%
Spread / Lowest Target 165%
EPS Revisions
Managers
NameTitle
Richard S. Stoddart President, Chief Executive Officer & Director
Jack M. Greenberg Chairman
Donald W. Pearson Chief Financial Officer & Executive Vice President
Adan K. Pope Chief Technology Officer
Charles Kellogg Bobrinskoy Independent Director
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