INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of DZS Inc. (DZSI) on Behalf of Investors

BENSALEM, Pa. , June 03 /Businesswire/ - Law Offices of Howard G. Smith is continuing its investigation on behalf of DZS Inc. (“DZS” or the “Company”) (NASDAQ: DZSI) investors concerning the Company’s possible violations of federal securities laws.

On June 1, 2023, before the market opened, DZS disclosed that it needs to restate its previously issued financial statements for the first quarter of 2023. The Company further disclosed that the restatement relates to approximately $15 million in revenue recognized in connection with two customer projects.

On this news, DZS’s stock price fell $2.17 per share, or approximately 36%, to close at $3.82 per share on June 1, 2023, thereby injuring investors.

If you purchased DZS securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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