San Diego, CA -- (SBWIRE) -- 05/12/2015 -- An investigation on behalf of investors of Skullcandy Inc (NASDAQ:SKUL) shares over potential securities laws violations by Skullcandy Inc and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Skullcandy Inc (NASDAQ:SKUL) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Skullcandy Inc (NASDAQ:SKUL) concerning whether a series of statements by Skullcandy Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Skullcandy Inc reported that its annual Total Revenue rose from $210.09 million in 2013 to $247.81 million in 2014 and that its Net Loss of $3.04 million in 2013 turned into a Net Income of $7.60 million in 2014. Shares of Skullcandy Inc (NASDAQ:SKUL) grew from $6.76 per share in July 2014 to as high as $11.66 per share in early April 2015.

Then on May 5, 2015, Skullcandy Inc announced its financial results for the first quarter ended March 31, 2015. While Skullcandy Inc reported that its first quarter Revenue rose from $39.08 million in 2014 to $46.19 million in 2015 its Net Loss in the first quarter increased from $3.39 million in 2014 to $3.83 million in 2015. Among other things, Skullcandy Inc also issued its second quarter 2015 and full year 2015 financial outlook. Shares of Skullcandy Inc (NASDAQ:SKUL) declined on May 6, 2015 to $7.89 per share.

On May 8, 2015, NASDAQ:SKUL shares closed at $8.27 per share.

Those who purchased shares of Skullcandy Inc (NASDAQ:SKUL) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com