Majesco regains compliance with Nasdaq Majesco Entertainment announced that it has received a letter from The NASDAQ Stock Market advising that the company has regained compliance with NASDAQ's minimum bid price listing requirement. The company has satisfied the terms of the NASDAQ Listing Qualifications Panel by complying with the minimum bid price requirement of $1.00 per share under NASDAQ Listing Rule 5550(a)(2), and all other criteria for continued listing on The NASDAQ Capital Market. Accordingly, NASDAQ has advised that the matter is now closed.
Majesco reports Q4 EPS (77c), consensus (18c) Reports Q4 revenue $6.28M, consensus $10.2M. As noted in the company's quarterlt report with the SEC, its financial statements for FY14 contain a going concern modification in the report of its independent accountings, EisnerAmper.