GlobeNewswire Inc | Oct 15, 2020 05:04PM EDT

October 15, 2020

SAN FRANCISCO, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Hagens Berman urges ACM Research, Inc. (NASDAQ ACMR) investors with significant losses to submit your losses now. The firm is investigating possible securities fraud and certain investors may have valuable claims.

RelevantPeriod: Before Oct. 8, 2020Visitwww.hbsslaw.com/investor-fraud/ACMRContact An Attorney NowACMR@hbsslaw.com 844-916-0895

ACM Research Inc. (ACMR) Investigation:

The investigation centers on the accuracy of ACMRs reported financial results, including its gross margins, revenues, related party transactions, and certain expenses.

ACMR and senior management have repeatedly assured investors of the adequacy of the companys internal controls over financial reporting and repeatedly touted its revenue and earnings growth.

But, on Oct. 8, 2020, JCapital Research published a report, entitled Dirty business, bringing all of managements prior statements into serious question.

More specifically, JCapital concludes ACMR is a fraud, over-reporting both revenue and profit. According to the report, ACMR reports industry-beating gross margins of 47% but [w]e believe the real gross margins are half at best. JCapital also concludes revenues are overstated by 15-20%, undisclosed related parties are diverting revenue and profit from the company, the key means by which ACMR tunnels over-reported profit out of the company may be through about $20 million in overstated inventory and through cash that is inflated or compromised, and warranty and service costs are understated by at least $11 million.

This news sent the price of ACMR shares sharply lower during intraday trading on Oct. 8, 2020.

Were focused on investors losses and whether ACMR cooked its books, thereby misleading its investors, said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are an ACMR investor and have significant losses, or have knowledge that may assist the firms investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding ACMR should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ACMR@hbsslaw.com.

About Hagens BermanHagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

ContactReed Kathrein, 844-916-0895