SunPower rectifies Nasdaq noncompliance, reports first profitable quarter in four years

SunPower regains Nasdaq compliance, reports Q1 profit

SunPower has regained Nasdaq compliance and posted its first quarterly profit in four years, but the results remain unaudited. The company had received a deficiency notice for failing to meet listing requirements.From pv magazine USA SunPower received an expected deficiency notification from Nasdaq indicating that it was not in compliance with the stock market’s listing rules. Its noncompliance was due to its failure to timely file its annual re…

SunPower rectifies Nasdaq noncompliance, reports first profitable quarter in four years

After regaining Nasdaq compliance, the company announced its first profitable quarter in four years, though its financial results have not yet been audited.SunPower received an expected deficiency notification from Nasdaq indicating the company was not in compliance with the stock market’s listing rule. SunPower’s noncompliance was due to its failure to timely file its annual report on Form 10-Kwith the Security Exchange Commission (SEC). SunPow…