NV5 Global, Inc. (NASDAQ: NVEE) Investor Investigation Over Possible Violations Of Securities Laws Announced

Investors who purchased shares of NV5 Global, Inc. (NASDAQ: NVEE), have certain options and should contact the Shareholders Foundation, Inc.

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Company Name(s): 
NV5 Global
Affected Securities: 

An investigation on behalf of investors of NV5 Global, Inc. (NASDAQ: NVEE) shares over potential securities laws violations by NV5 Global, Inc. (NASDAQ: NVEE) and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on whether a series of statements by NV5 Global, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Hollywood, FL based NV5 Global, Inc. provides professional and technical engineering and consulting services to public and private sector clients in the infrastructure, energy, construction, real estate, and environmental markets in the United States and internationally. NV5 Global, Inc. reported that its annual Total Revenue rose from $333.03 million in 2017 to $418.08 million in 2018 and that its Net Income increased from $24 million in 2017 to $26.85 million in 2018.

On March 7, 2019, NV5 Global, Inc filed a Form 8-K with the U.S. Securities and Exchange Commission announcing its Q4 and annual financial results. The Company disclosed that it "expects to report a material weakness in its upcoming Annual Report on Form 10-K relating to the initial set up of project contracts and analysis of certain percentage of completion projects."

Shares of NV5 Global, Inc. (NASDAQ: NVEE) declined from $80.75 per share on March 4, 2019 to as low as $51.46 per share on March 8, 2019.