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Print Edition StoriesMonday, June 16, 2008
Ibis stock drops from Nasdaq compliance
By Mass High Tech Staff
Ibis Technology Corp., a maker of implantation equipment for the semiconductor industry, has announced its second notification of its common stock falling below the Nasdaq-required bid price of $1 per share for the previous 30 consecutive business days.
The Nasdaq Listing Qualifications Panel will determine the outcome of the company’s non-compliance.
The Danvers-based company received its first non-compliance letter in December but was granted 180 calendar days to raise the price of the stock to above $1 per share for 10 consecutive days to achieve compliance.
Ibis Technology (Nasdaq: IBIS) reported a net loss of $8.5 million on revenue of $950,000 in 2007.
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