DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of RxSight
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company was experiencing 'adoption challenges' and/or structural issues resulting in declines in sales and utilization; (2) Defendants had overstated the demand for RxSight's products; (3) as a result, RxSight was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On July 8, 2025, after the market closed, RxSight reported preliminary second quarter 2025 financial results, revealing significant declines in LDD sales, LAL utilization, and overall revenue. The Company also lowered its full year 2025 guidance by approximately $42.5 million at the midpoint. The Company's Chief Executive Officer, Ronald Kurtz, disclosed that '[a]doption challenges over the last few quarters have been a primary reason for the LDD stall.'
On this news, RxSight's stock price fell $4.84, or 37.8%, to close at $7.95 per share on July 9, 2025, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding RxSight's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the RxSight class action, go to www.faruqilaw.com/RXST or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Why Plug Power Stock Is Powering Down This Week
Key Points Plug Power stock popped last week, but it has been trending lower over the past few days. Investors may be more interested in Bloom Energy after its deal with Oracle than in Plug Power at this point. Because of its concerning financials, Plug Power isn't a buy now despite the recent drop in its stock price. 10 stocks we like better than Plug Power › Climbing 10.5% last week, Plug Power (NASDAQ: PLUG) stock showed some pep in the middle of July. This week, however, the hydrogen and fuel cell stock isn't extending the gain. Although the company didn't have any news to report that would substantiate the decline, investors have, nonetheless, chosen to distance themselves from Plug stock. According to data provided by S&P Global Market Intelligence, Plug Power stock has dropped 18.5% from the end of last Friday's trading session through the market's close on Thursday. Putting Plug's plunge in perspective There are a couple of reasons behind the drop in Plug stock this week. For one, Plug stock has had a pretty rough go of it in 2025. Through the first six months of 2025, shares had dropped 30%. With investors clicking the buy button last week due to a bullish report on the fuel cell industry's prospects, investors may have felt that this week is a good time to cut their losses -- or even collect some profits -- from the otherwise beleaguered stock. Another source of discomfort for Plug investors this week could stem from a peer. Bloom Energy (NYSE: BE) reported a notable deal with Oracle to deploy fuel cells in support of powering data centers. The same can't be said for Plug Power, so investors looking for fuel cell exposure may be jumping ship with Plug in favor of Bloom Energy. Does the recent drop in Plug stock provide a buying opportunity? While Plug stock is a little less expensive now, it doesn't mask the fact that there are ample concerns regarding the company's financials. Therefore, investors should look elsewhere for a hydrogen investment. Should you invest $1,000 in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Oracle. The Motley Fool has a disclosure policy. Why Plug Power Stock Is Powering Down This Week was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
14 minutes ago
- Business Wire
Kodiak Gas Services Announces Second Quarter 2025 Earnings Release and Conference Call Schedule
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS), ("Kodiak" or the "Company"), a leading provider of critical energy infrastructure and contract compression services, today announced that it will release second quarter 2025 financial results on Wednesday, August 6, 2025, after the market closes. In conjunction with the release, the Company has scheduled a conference call and webcast on Thursday, August 7, 2025 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). A telephonic replay will be available through August 21, 2025 and may be accessed by dialing 877-660-6853 and using access code 13754997. A replay of the webcast will be available shortly after the call at for 180 days. About Kodiak Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.
CNBC
15 minutes ago
- CNBC
S&P 500 futures are little changed as traders await big jobs report: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters S&P 500 futures were little changed on Thursday night as traders digested the latest Big Tech earnings and awaited July's jobs report. Futures tied to the broad market index were down 0.1%, while Nasdaq 100 futures slipped 0.2%. Futures tied to the Dow Jones Industrial Average lost 25 points, or 0.05%. In extended trading, shares of Amazon tumbled more than 7% after the e-commerce giant provided light operating income guidance for the current quarter. Apple shares jumped 2% on the back of an earnings and revenue beat. Stocks are coming off of a lackluster trading session, which saw the S&P 500 notch its third straight losing day as solid earnings from Microsoft and Meta Platforms failed to lift the broader market. The S&P 500 ended Thursday down 0.4%, while the Nasdaq Composite closed marginally lower. Both the S&P 500 and Nasdaq had hit intraday records earlier in the session until the tech-fueled rally fizzled. The 30-stock Dow lost about 330 points, or 0.7%. "The S&P 500 forecast remains bullish for now, but the path forward looks uncertain. On one hand, Big Tech is delivering in spades, feeding into the [artificial intelligence] gold rush and lifting equity markets to record highs," said Fawad Razaqzada, analyst at City Index. "On the other, geopolitical tensions, valuation concerns and monetary policy uncertainty are threatening to pull the rug from under this rally." A couple of big market catalysts loom on Friday. July's jobs report will be due at 8:30 a.m. ET, and the reading is expected to show a slowing labor market. Dow Jones estimates call for a 100,000 increase to payrolls over the month and for the unemployment rate to creep higher to 4.2%. Further, President Donald Trump's "reciprocal" tariff deadline will take effect on Friday. He has been insistent that he will not extend the deadline for the levies, which will apply to dozens of countries. Trump also said this week that the U.S. will impose a 25% tariff on goods from India, starting on Friday. In what's been an eventful month for stocks, the major averages managed to close out July with gains. The S&P 500 ended the month up 2.2%, while the Nasdaq logged a 3.7% advance. The 30-stock Dow eked out a slim gain of less than 0.1%. Week to date, the broad market index is on pace for a 0.8% loss, while the Dow is off 1.7%. The Nasdaq is tracking for an advance of less than 0.1%.
