Core Viewpoint - Rosen Law Firm is reminding investors who purchased Intellia Therapeutics, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Intellia securities between July 30, 2024, and January 8, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - The deadline to move the Court to serve as lead plaintiff is April 14, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Background - The lawsuit claims that during the Class Period, Intellia provided misleading information regarding its Phase 1/2 study for NTLA-3001, which is aimed at treating alpha-1 antitrypsin deficiency-associated lung disease [5]. - Defendants allegedly failed to disclose that demand for viral-based editing was declining as non-viral methods gained preference due to cost-effectiveness and efficiency, making NTLA-3001 an inefficient program [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased AppLovin Corporation securities between May 10, 2023, and February 25, 2025, of the May 5, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2] - The deadline to move the Court to serve as lead plaintiff is May 5, 2025 [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors [3] Group 3: Case Allegations - The lawsuit alleges that defendants provided misleading information regarding AppLovin's financial growth and stability, including confidence in its AXON 2.0 digital ad platform [4] - Defendants reportedly disseminated materially false statements while concealing adverse facts, such as the use of a "backdoor installation scheme" to inflate installation numbers and profitability [5]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Grocery Outlet Holding Corp. securities during the specified Class Period of the upcoming lead plaintiff deadline on March 31, 2025 [1]. Group 1: Class Action Details - Investors who purchased Grocery Outlet securities between November 7, 2023, and May 7, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the Court by March 31, 2025 [3]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions [4]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [4]. - Rosen Law Firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions of dollars for investors [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Grocery Outlet made misleading statements regarding its transition to new systems, failing to disclose potential setbacks that could impact profitability [5]. - The claims suggest that the company was not adequately prepared for the transition, leading to significant delays and issues that affected its performance [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased e.l.f. Beauty, Inc. securities between November 1, 2023, and November 19, 2024, of the May 5, 2025, deadline to become a lead plaintiff in a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Elf securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by May 5, 2025, to serve as lead plaintiff, representing other class members [2][4]. - The lawsuit alleges that Elf made false and misleading statements regarding its inventory levels, sales performance, and financial prospects, which were later revealed to be materially false [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Intellia Therapeutics, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Intellia securities between July 30, 2024, and January 8, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - The lawsuit claims that Intellia provided misleading information regarding its Phase 1/2 study for NTLA-3001, failing to disclose the declining demand for viral-based editing methods [5]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].

NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- WHY: New York, N.Y., March 14, 2025. Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Elastic N.V. (NYSE: ESTC) between May 31, 2024 and August 29, 2024, both dates inclusive (the “Class Period”), of the important April 14, 2025 lead plaintiff deadline. SO WHAT: If you purchased Elastic securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a continge ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Elastic N.V. securities between May 31, 2024, and August 29, 2024, of the April 14, 2025, deadline to become lead plaintiffs in a class action lawsuit due to alleged misleading statements by the company [1][2]. Group 1: Class Action Details - Investors who bought Elastic securities during the specified class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the court by April 14, 2025, to serve as lead plaintiffs [2]. - The lawsuit claims that Elastic made false and misleading statements regarding its sales operations and revenue guidance, which led to investor damages when the truth was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3]. - The firm has secured significant settlements for investors, including over $438 million in 2019 alone, and has been consistently ranked among the top firms for securities class action settlements [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Alarum Technologies Ltd. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 15, 2025 [1]. Group 1: Class Action Details - Investors who purchased Alarum securities between March 14, 2024, and August 26, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The lawsuit alleges that Alarum made false and misleading statements regarding its customer engagement effectiveness and revenue growth potential, leading to investor damages when the truth was revealed [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in this area [4]. - The firm has secured significant settlements for investors, including over $438 million in 2019 and has been consistently ranked among the top firms for securities class action settlements since 2013 [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Mullen Automotive, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on April 14, 2025 [1]. Group 1: Class Action Details - Investors who purchased Mullen securities between February 3, 2023, and March 13, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The lead plaintiff must file a motion with the Court by April 14, 2025, to represent other class members in the litigation [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4]. Group 3: Case Allegations - The lawsuit alleges that Mullen made false and misleading statements regarding its intentions for a reverse stock split, overstated partnerships and battery technology capabilities, and failed to disclose material information about financing agreements [5]. - Specific allegations include the CEO's knowledge of the necessity for a reverse stock split and the failure to disclose prior convictions of a key individual involved with the company [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true information became public [5].

Financial Data and Key Metrics Changes - Software revenue for fiscal year 2024 was $120.1 million, up 7% year-over-year, while services revenue was $24.7 million, down 4% year-over-year, leading to total revenue of $144.8 million, up 5% from the previous year [7][45][46] - Adjusted EBITDA for fiscal year 2024 was negative $18.7 million, an improvement of $7.2 million from the prior year, with a net loss of $17.2 million, or negative 12% of revenue, compared to a net loss of $22.8 million, or negative 17% of revenue in 2023 [8][51][52] - The company ended the year with $129.1 million in cash and short-term investments, with no debt [8][52] Business Line Data and Key Metrics Changes - Revenue from customers contributing more than $100,000 grew at more than double the rate of those contributing less than $100,000, with 19 customers contributing more than $1 million in revenue [9] - The dollar-based net retention (DNR) improved year-over-year from 92% to 96%, with software DNR improving from 97% to 100% [9] Market Data and Key Metrics Changes - The company ended fiscal year 2024 with 315 customers each contributing more than $100,000 in total revenue, a 9% increase year-over-year [8][9] - The multi-product attach rate was 17% at year-end, indicating growth in customer engagement with multiple products [9][106] Company Strategy and Development Direction - The company is focused on becoming a more customer-centric organization, enhancing internal operations, and fostering cultural improvement [11][12] - The strategy includes targeting larger customers, reallocating investments to drive revenue growth, and enhancing the sales and marketing approach [21][84] - Product development is centered on core ediscovery and Cecilia AI capabilities, with a focus on delivering meaningful enhancements [30][86] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a commitment to sustainable profitability and growth [42][43][68] - The company is optimistic about the early signs of success from its strategic shifts and is focused on driving innovation and improving execution [114] Other Important Information - The company recorded a full non-cash impairment charge of $15.2 million on its primary law asset and related capitalized development, which does not impact adjusted EBITDA [53] - For Q1 2025, total revenue guidance is in the range of $35 million to $37 million, with software revenue guidance between $30.1 million and $31.1 million [54] Q&A Session Summary Question: Selling environment in legal tech and AI tools - Management noted that the selling opportunity within the legal industry has become easier recently, with significant adoption of their Cecilia products [59][60] Question: Target for breakeven adjusted EBITDA - Management confirmed confidence in achieving breakeven adjusted EBITDA by Q4 2026, emphasizing a focus on larger customers to drive efficient growth [64][68] Question: Improvement in dollar net retention - Management reported that software retention improved to 100% from 97%, driven by larger customers, and expressed confidence in further improving DNR over time [72][74] Question: Investment priorities for the coming year - The company is investing in growth by targeting ideal customer profiles, enhancing sales leadership, and focusing on core ediscovery and Cecilia AI products [81][86] Question: Changes in sales force and maturity - Management indicated early positive results from the sales force changes, with a focus on larger customers leading to a 9% increase in customers spending over $100,000 [92][93]