Levi & Korsinsky notifies investors that it has commenced an investigation into Beyond, Inc. (NYSE: BYON) concerning potential violations of the federal securities laws.
After the market closed on May 6, 2024, 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. Following this news, Beyond's share price fell over 24% on May 7, 2024.
If you suffered a loss on your Beyond, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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