J-Long Group Limited Announces Effective Time of Share Consolidation/Reverse Stock Split to Regain NASDAQ Compliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
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Source: Newsfilter
Share Consolidation Announcement: J-Long Group Limited will implement a 1-for-10 reverse stock split effective December 9, 2024, to comply with Nasdaq's minimum bid price requirement of $1.00 per share.
Impact on Shares: Following the consolidation, the total number of authorized shares will decrease from 30 million to 3 million, and adjustments will be made to outstanding stock options and warrants accordingly.
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Analyst Views on JL
About JL
J-Long Group Ltd is a holding company principally engaged in the distribution of reflective and non-reflective garment trims. The Company's products include heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords.
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.
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.
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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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