UTime Gets Notice of Noncompliance from Nasdaq
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2025
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Notification from Nasdaq: UTime received a notification letter from Nasdaq on August 15 regarding non-compliance with stockholders' equity requirements.
Equity Requirement: The company reported stockholders' equity below the minimum requirement of $2.5 million as per Nasdaq Listing Rule 5550.
Additional Criteria Not Met: UTime also failed to meet alternative criteria related to market value of listed securities and net income from continuing operations as of August 14.
Implications for Listing: This situation puts UTime's continued listing on the Nasdaq Capital Market at risk due to the failure to meet financial compliance standards.
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About WTO
UTime Ltd is a company principally engaged in the design, development, production, sales, and brand operation of mobile phones, accessories, and related consumer electronics. The Company also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services. The Company operates through its two in-house brands, UTime and Do, targeting middle-class and price-sensitive consumers in emerging markets. The Company’s products include feature phone, smartphone and mobile phone accessories. The Company's products and solutions are mainly applied in the consumer electronics and health technology sectors. The Company mainly operates in the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
