PETACH-TIKVA, ISRAEL – PCB manufacturer Eltek Ltd. reported third-quarter revenues of $8.8 million, up 2.3% sequentially, and down 12% year-over-year. The company incurred a third-quarter loss of $223,000, down from net income of $482,000 last year.
Read more: Eltek Reports 12% YoY Decrease in Q3 Revenue
PLYMOUTH, MN – Innovex received a staff deficiency letter from Nasdaq stating that for the last 30 consecutive business days, the bid price of the company’s common stock has closed below the minimum $1 per share required for continued inclusion on the Nasdaq Global Market.
Therefore, the PWB fabricator was not in compliance and has until May 19 to regain compliance.
If at anytime before May 19, the bid price of the company’s common stock closes at $1 per share or more for a minimum of 10 consecutive business days, compliance will be achieved.
The Nasdaq staff deficiency letter has no effect on the listing of the company’s common stock at this time, Innovex reports.
FRANKLIN PARK, IL — Nasdaq has issued a notice of noncompliance to M-Wave Inc. for failure to maintain a minimum of $2.5 million in stockholders' equity.
M-Wave intends to submit its plan to regain compliance to Nasdaq by Nov. 30, the company said. In that regard, the company believes that it will be in full compliance with all applicable listing requirements upon completion of its previously announced merger with Blue Sun Biodiesel LLC.