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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 of InnerWorkings, Inc. (INWK) on Behalf of Investors

10/19/2020 | 05:22pm EST

The Law Offices of Frank R. Cruz announces an investigation of InnerWorkings, Inc. ("InnerWorkings” or "the Company") (NASDAQ: INWK) on behalf of investors concerning the Company’s 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 2019 1 158 M - -
Net income 2019 -10,1 M - -
Net Debt 2019 170 M - -
P/E ratio 2019 -29,0x
Yield 2019 -
Capitalization 158 M 158 M -
EV / Sales 2018 0,28x
EV / Sales 2019 0,39x
Nbr of Employees 2 000
Free-Float 62,7%
Chart INNERWORKINGS, INC.
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InnerWorkings, Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers
NameTitle
Mike Perez President, Chief Executive Officer & Director
Donald W. Pearson Chief Financial Officer & Executive Vice President
Adan K. Pope Chief Technology Officer
Robert John Fergus Macmillan Director
Lee Graham Humphreys Secretary, Director & Vice President
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