Levi & Korsinsky is investigating potential claims on behalf of purchasers of KiOR, Inc. (“KiOR” or the “Company”) (Nasdaq: KIOR) stock.
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During an earnings call held on May 9, 2013, KiOR CEO Fred Cannon projected the Company’s Columbus facility would produce between 300,000 and 500,000 gallons of fuel during the second quarter of 2013—a statement that supported the Company’s estimate it would produce between 3 and 5 million gallons of fuel in 2013. Then on August 8, 2013, KiOR announced it had only shipped 75,000 gallons of fuel from this facility during the second quarter. The Company announced revenue of $0.24 million for the second quarter ended June 2013 and a net loss of $38.5 million for the quarter, compared to a loss of $31.3 million for the first quarter of the year. Upon this news, shares of KiOR fell from a close of $4.72 per share on August 7, 2013 to a close of $3.67 on August 12, 2013.
If you own KiOR stock and wish to obtain additional information about the investigation and your legal rights please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.