Harris Regains Nasdaq Compliance

Harris Interactive has regained its compliance with the Nasdaq Stock Market listing standards, which require listed firms' stock to be valued at a minimum of a dollar per share.

Back in September, Nasdaq gave Harris 180 days to increase its share price, as it had fallen below the $1 per share requirement for the previous 30 consecutive business days.

'We are pleased to have regained compliance with the Nasdaq listing requirements,' said CEO Kimberly Till. '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, Harris Interactive reported a 23% revenue drop to $38.9m for the first quarter of fiscal 2010, while almost eliminating its operating loss because of cost-cutting measures.

Shares in the firm were trading at $1.02 this morning.

Web site: www.harrisinteractive.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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