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Friday, December 18, 2015 7:41:28 AM
When people say "highly profitable" about this company, it is just speculation and hype.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly-traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more then 10% of the company. In addition, the regular bid price at time of listing must be $4, and there must be at least three market makers for the stock. However, a company may qualify under a closing price alternative of $3 or $2 if the company meets varying reequirements. Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360. Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Listing Standard No. 1
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no one year in the prior three years can have a net loss.
Listing Standard No. 2
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Listing Standard No. 3
Companies can be removed from the cash flow requirement of Standard No. 2 if the average market capitalization over the past 12 months is at least $850 million, and revenues over the prior fiscal year are at least $90 million.
A company has three ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area like revenue. This helps to improve the quality of companies listed on the exchange.
Recent CUEN News
- Cuentas, Inc. Announces New Direction from Fintech to Digital Content & Product Distribution together with Mobile Data and Cellular offerings. • GlobeNewswire Inc. • 08/19/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:03:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2024 09:06:23 PM
- CUEN – Cuentas, Inc. Steps Up to Support 23 Million Households with New Programs Following Affordable Connectivity Program Termination • GlobeNewswire Inc. • 06/10/2024 12:26:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 04:09:15 PM
- CUEN – Cuentas, Inc. And World Mobile Group, Ltd. Unveil Global Roaming And Financial Services In The United States • GlobeNewswire Inc. • 06/04/2024 12:30:00 PM
- CUEN – Cuentas Announces Remarkable Q1 Performance with 898% Year-Over-Year Sales Surge and Strategic Transactions • GlobeNewswire Inc. • 05/21/2024 03:44:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:16:07 PM
- CUEN – Cuentas Releases Annual Financial Reports Reflecting Improved Business Transition Results, Revenues and Profitability • GlobeNewswire Inc. • 04/16/2024 03:10:09 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/15/2024 08:11:43 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/01/2024 08:36:46 PM
- CUEN – Unlocking Value: Cuentas, Inc. Sells Brooksville Real Estate for $7.2 Million, Unleashing Double Digit Profits and Rewards Founders Strategic Vision • GlobeNewswire Inc. • 03/14/2024 01:22:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/14/2024 01:00:10 PM
- CUEN – Cuentas, Inc. Unveils Fintech Offering Advancements, Spotlighting Rapid Expansion in Core Services and Products Tailored to Captivate the Thriving Hispanic Diaspora Market • GlobeNewswire Inc. • 03/13/2024 04:37:28 PM
- Correction: CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,000,000 Mortgage Extension • GlobeNewswire Inc. • 02/15/2024 03:23:35 PM
- CUEN – Cuentas, Inc. Announces Financing Terms for Tampa Real Estate Venture Through Lender $3,0000,000 Mortgage Extension • GlobeNewswire Inc. • 02/15/2024 02:30:00 PM
- CUEN – Cuentas, Inc. CEO Unveils Triumph in 2023: Unprecedented Shareholder Support in Proxy Vote and Shares Visionary Fiscal Year 2024 Plans • GlobeNewswire Inc. • 01/08/2024 03:13:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 10:06:33 PM
- CUEN – Cuentas, Inc. Reaffirms Its Dominance in Telecommunications, Financial Technology and Real Estate and Garners Unwavering Shareholder Backing at the Recent Annual General Meeting • GlobeNewswire Inc. • 12/21/2023 05:20:53 PM
- CUEN – Cuentas, Inc. Envisions Double Digit Growth in the Vibrant South Florida Real Estate Market, Anticipating Lower Interest Rates, and Strategically Leveraging Its 10-Year Supply Agreement of Pioneering Composite Building Technology. • GlobeNewswire Inc. • 12/20/2023 02:33:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 08:16:02 PM
- CUEN – Unleashes the Power of Shareholder Influence – Unveils Proxy Vote Link and Ignites a Call to Action • GlobeNewswire Inc. • 12/11/2023 03:16:15 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/06/2023 10:25:38 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 12/01/2023 05:15:18 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/30/2023 05:51:30 PM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM
All Things Mobile Analytic, Inc. Reports Major Growth with Over $11 Million in Revenue • ATMH • Aug 22, 2024 7:19 AM
Unitronix Announces Strategic Entry into Cryptocurrency Space • UTRX • Aug 21, 2024 10:00 AM