October 03, 2014 (Shareholders Foundation) - An investigation on behalf of investors of PDF Solutions, Inc. (NASDAQ:PDFS) shares over potential securities laws violations by PDF Solutions, Inc. and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PDF Solutions, Inc. (NASDAQ:PDFS) concerning whether a series of statements by PDF Solutions regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
PDF Solutions, Inc. reported that its annual Total Revenue rose from $66.71 million in 2011 to $101.45 million in 2013 and that its respective Net Income increased from $1.88 million to $20.93 million.
Shares of PDF Solutions, Inc. (NASDAQ:PDFS) grew from $3.61 per share in October 2010 to as high as $25.27 per share in January 2014.
On September 29, 2014 - PDF Solutions, Inc. updated certain statements made in the Companys earnings teleconference on July 28, 2014, concerning the status of two contracts that were then expected to close in the near future. PDF Solutions, Inc. said that based on current negotiations, the Company believes that the contracts will not be signed and that it is pursuing resolution with the client but cannot predict the timing or success of any such resolution.
Shares of PDF Solutions, Inc. (NASDAQ:PDFS) declined from $17.65 per share in September 29, 2014, to as low as $12.26 per share on September 30, 2014.