RADNOR, Pa.--(BUSINESS WIRE)--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Beyond, Inc. (NYSE: BYON) (“Beyond”).
On May 6, 2024, after the market closed, Beyond announced the company’s first quarter 2024 financial results and revealed first quarter total net revenue of $382 million, an increase of only 0.3% year-over-year, and a first quarter net loss of $74 million. Additionally, Beyond declined to reiterate its previously-issued goal to achieve $2 billion of revenue in 2024 and a $3 billion revenue run rate by the end of 2025.
On this news, Beyond’s share price fell $5.37, or 24.5%, to close at $16.52 on May 7, 2024.
If you are a Beyond investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at info@ktmc.com. You can also click on the following link or paste it in your browser: https://www.ktmc.com/beyond-inc-investigation?utm_campaign=mei&mktm=r&utm_source=PR&utm_medium=link&utm_campaign=byo&mktm=r
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
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