Mitek Announces Receipt Of Notice from Nasdaq And Provides Update On Nasdaq Listing
Portfolio Pulse from Happy Mohamed
Mitek Systems, Inc. (NASDAQ:MITK) has received a notice from Nasdaq stating that it is not in compliance with Nasdaq's continued listing requirements due to its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, in a timely manner. This serves as an additional basis for delisting the company's securities from Nasdaq. Mitek has already filed its Annual Report on Form 10-K for the period ended September 30, 2022, and intends to file the Q1, Q2, and Q3 Form 10-Q as promptly as possible to regain compliance.
August 16, 2023 | 4:50 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Mitek Systems is at risk of being delisted from Nasdaq due to non-compliance with listing requirements. The company plans to file all required reports promptly to regain compliance.
The news of potential delisting from Nasdaq is a significant negative event for Mitek Systems. It creates uncertainty about the company's future and could lead to a decrease in the company's stock price in the short term. However, the company's plan to file all required reports promptly to regain compliance could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100