Harris Interactive regains Nasdaq compliance
Share
US— Nasdaq has told online researcher Harris Interactive that it has regained compliance with its listing standards.
Harris was warned that it could be de-listed for breaching the stock market’s standards earlier this year, when its share price closed below the minimum listing price of $1 for 30 consecutive days.
Nasdaq said that to regain compliance the Harris share price must remain above $1 for 10 consecutive business days.
Harris CEO Kimberly Till (pictured) said: “We are pleased to have regained compliance with the Nasdaq listing requirements. We remain very focused on increasing shareholder value by delivering on the key strategic initiatives and financial goals we set out to accomplish in fiscal 2010.”
In October the firm reported a 23% drop in consolidated revenue and an 11.3% drop in total revenue for the first quarter of fiscal 2010. Despite the drop in numbers, Till said at that time that she was “pleased with our efforts to rebuild our revenue base”.
