J-Long Group announces delay in record date for share consolidation
Share Consolidation Delay: J-Long Group is postponing the record date and effective time for a proposed 1-for-10 share consolidation until it receives Nasdaq approval, despite prior member approval at a Special Meeting on November 18, 2024.
Objective of Reverse Stock Split: The main aim of the reverse stock split is to raise the market price of the Ordinary Shares to meet Nasdaq's minimum bid price requirement for continued listing.
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J-Long Group Reports 19.3% Revenue Growth in H1 2025
- Significant Revenue Growth: J-Long Group reported revenue of approximately $22.7 million for H1 2025, reflecting a robust 19.3% increase from the same period in 2024, indicating strong customer demand and market vitality, thereby enhancing the company's competitive position.
- Substantial Adjusted EBITDA Increase: The adjusted EBITDA for H1 2025 reached approximately $3.9 million, marking a 40.3% year-over-year growth, which highlights the company's success in cost control and operational efficiency, further solidifying its financial health.
- Increase in Management Expenses: Selling, general, and administrative expenses surged by 59.5% to approximately $4.6 million, primarily due to share-based awards granted to five members, which, while increasing short-term costs, aids in attracting and retaining key talent to support long-term growth.
- Strong Cash Flow and Liquidity: As of September 30, 2025, the company held cash of $11.36 million with a current assets to current liabilities ratio of 2.8, demonstrating robust liquidity and financial stability, providing ample funding for future investments.
J-Long Group Ltd trading resumes
Trading Update: J-Long Group Ltd has resumed trading after a period of volatility and compliance issues with Nasdaq, including plans for a reverse stock split.
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