EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Cancer Genetics, Inc. – CGIX
CANCER GENETICS (CGIX)
Last cancer genetics earnings: 11/19 04:16 pm
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US:NASDAQ Investor Relations:
ir.cancergenetics.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Cancer Genetics, Inc. (NASDAQ:CGIX) resulting from allegations that Cancer Genetics may have issued materially misleading business information to the investing public. On April 2, 2018, Cancer Genetics reported that, following its CEO’s departure, it conducted a comprehensive review of its strategy and organization. This led Cancer Genetics to record a bad debt expense of $4.4 million and write off $1.8 million of its accounts receivable in the fourth quarter, with a significant portion related to collection issues with accounts receivables recorded after 2015. Cancer Genetics also reported that, on December 31, 2017, its “cash position and history of losses required management to assess [its] ability to continue operating as a going concern
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