SAN FRANCISCO, Sept. 7, 2022 (GLOBE NEWSWIRE) — Hagens Berman calls for Sema4 Holdings Corp. SMFR Investors who have suffered significant losses Submit your losses now.

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Sema4 Holdings Corp. SMFR Detection:

The investigation focuses on Sema4’s billing practices and reported revenues.

In recent quarters, Sema4 has touted its improved revenue capture efforts, claiming that these and other initiatives have enabled the company to grow 30% and put it on the path to profitability.

However, Sema4’s improved revenue collection methods were called into question after the company experienced a staggering series of key executive departures during the summer of 2022, first beginning on June 14, 2022 when Sema4’s CFO (Isaac Ro) replaced the left company. Weeks later, on July 1, 2022, Sema4 announced that its Chief Accounting Officer (Shawn Assad) had also resigned. Then, on August 15, 2022, Sema4 announced the separation of its President (Eric Schadt).

Finally, on August 15, 2022, Sema4 reported disappointing financial results for the second quarter of 2022, including revenue of just $36 million, or 23% lower than the same quarter last year. The company blamed the reversal of apx for its dismal results. $30 million in revenue attributed to overpayments by a third-party payer prior to Q2 2022.

This news caused the price of Sema4 shares to fall by 33% on August 16, 2022.

“We are focused on investor losses and whether Sema4 misled investors about the propriety of its billing and revenue recognition practices,” said Reed Kathrein, the partner at Hagens Berman who led the investigation.

If you have invested in Sema4 and are experiencing significant losses or have knowledge that may assist the firm’s investigations, Click here to discuss your legal rights with Hagens Berman.

Whistleblower: Those with non-public information regarding Sema4 should review their options to assist in the investigation or use the SEC’s whistleblower…