They may not qualify to list on the Nasdaq. I don't think they have had USD$11m in earnings in the last 3 years
Yes, the Nasdaq has financial metric requirements for companies to be listed on the exchange.These requirements include market capitalization, earnings, and cash flow.
Financial metric requirements
Market capitalization
The minimum market capitalization requirement depends on whether the company also meets cash flow, revenue, or asset requirements
Earnings
The company must have at least $11 million in pre-tax earnings over the last three years
Cash flow
The company must have at least $27.5 million in aggregate cash flow over the last three years
Other listing requirements
Liquidity:The company must ensure that enough shareholders hold their shares unrestricted
Corporate governance:The company must adhere to Nasdaq corporate governance regulations
Security listing price:The company must meet a minimum security listing price
Financial statements:The company must provide consolidated financial statements for the past three years, audited by an independent auditor
The Nasdaq has three market tiers: the Nasdaq Global Select Market, the Nasdaq Global Market, and the Nasdaq Capital Market.The requirements for listing on the Nasdaq Global Select Market are more stringent than the other two tiers.
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