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

INNERWORKINGS, INC.

(INWK)
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The Law Offices of Frank R. Cruz : Announces Investigation on Behalf of InnerWorkings Inc. Investors (INWK)

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03/18/2020 | 02:10pm EDT

The Law Offices of Frank R. Cruz announces an investigation on behalf of InnerWorkings, Inc. ("InnerWorkings” or "the Company") (NASDAQ: INWK) investors concerning the Company and its officers’ possible violations of federal securities laws.

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

On March 16, 2020, InnerWorkings issued a press release revealing the Company’s financial and operating results for the fourth quarter and full year 2019. Therein, the Company’s Chief Financial Officer stated that, “[a]s 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.”

On this news, the Company’s share price fell $0.36, or over 17%, to close at $1.68 per share on March 17, 2020, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased InnerWorkings 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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


© 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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