1. FLNC shares dropped 46% as revenue growth declines amidst SEC investigation. 2. Hagens Berman investigates potential violations of U.S. securities laws by FLNC.
The significant drop in share price reflects investor concerns over declining revenue and legal scrutiny, reminiscent of similar cases where accounting issues led to prolonged stock declines.
The ongoing SEC investigation and significant stock price drop indicate serious issues that could materially affect FLNC's future performance and investor confidence.
The immediate effects of the SEC investigation and revenue decline are likely to influence FLNC's stock in the near term, similar to past instances where regulatory issues typically depress stock prices quickly.