J-Long Group Limited Announces Receipt of NASDAQ Determination Letter
Delisting Notice from Nasdaq: J-Long Group Limited received a Determination Letter from Nasdaq indicating that its shares have not regained compliance with the minimum bid price requirement and are subject to delisting, effective November 27, 2024, unless an appeal is filed by November 25, 2024.
Company's Response and Compliance Plan: The company plans to appeal the delisting decision and is considering a reverse stock split as part of its strategy to regain compliance with Nasdaq listing standards.
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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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