TSX runs higher on rate cut expectations
CHENGDU, CHINA - WeTouch Technology Inc. (NASDAQ:WETH) has received a compliance extension from Nasdaq until October 13, 2025, to file its overdue annual and quarterly reports, the company announced Thursday. The company maintains a GOOD overall financial health score according to InvestingPro analysis.
Nasdaq granted the extension after accepting WeTouch’s compliance plan regarding the delayed filing of its Form 10-K for the year ended December 31, 2024, and Form 10-Q for the quarter ended March 31, 2025.
The touchscreen manufacturer reported it had approximately $105 million in cash as of September 30, 2024, equivalent to about $8.90 per share, according to the company’s press release statement.
"Our operations remain strong and stable, and we continue to generate profits while maintaining a healthy financial position," said Zongyi Lian, Chief Executive Officer of WeTouch.
The company indicated it is considering stock repurchases under its existing buyback plan, stating management believes the stock is undervalued relative to its financial position.
WeTouch Technology specializes in medium to large sized projected capacitive touchscreens. The company must file all outstanding reports by the October deadline to maintain compliance with Nasdaq Listing Rule 5250(c)(1). With a gross profit margin of 31.09% and positive earnings yield of 35%, the company maintains profitable operations despite recent challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.