Nasdaq Financial Requirements6 Dec 2024 07:30
A quick review of the financial requirements for a Nasdaq listing for those who need it. Will make a mockery of our current m/cap and share price:
Financial requirement. Furthermore, the company must have a minimum bid price of US$4 per share and meet one of the following four sets of criteria:
Aggregate pre-tax income from continuing operations of at least US$11 million over the prior three fiscal years, positive pre-tax income from continuing operations in each of the prior three fiscal years and at least US$2.2 million in pre-tax income in each of the two most recent fiscal years.
Aggregate cash flows of at least US$27.5 million over the prior three fiscal years, positive cash flows in each of the prior three fiscal years, average market capitalization of at least US$550 million over the prior 12 months and total revenue of at least US$110 million in the previous fiscal year.
Average market capitalization of at least US$850 million over the prior 12 months and total revenue of at least US$90 million in the previous fiscal year.
Market capitalization of at least US$160 million, total assets of at least US$80 million as of the most recently completed fiscal year and stockholders' equity of at least US$55 million as of the most recently completed fiscal year.