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WeTouch Technologies Receives Nasdaq Extension for Financial Reports, Remains Profitable with $105 Million in Cash
ByAinvest
Friday, Jun 27, 2025 9:16 am ET1min read
WeTouch Technologies Inc. has received a Nasdaq extension to file financial reports, citing a profitable and well-funded position with $105 million in cash as of the last reported quarter. Management believes the stock is undervalued and is evaluating share repurchase activity under the existing buyback plan. The company has until October 13, 2025, to regain Nasdaq compliance.
WeTouch Technologies Inc. (NASDAQ: WETH), a leading provider of projected capacitive touchscreens, has received an extension from Nasdaq to file its delayed Form 10-K for the year ended December 31, 2024, and Form 10-Q for the quarter ended March 31, 2025. The company has been granted an exception until October 13, 2025, to regain compliance with Nasdaq Listing Rule 5250(c)(1), provided it files all outstanding reports by that date [1][2][3][4].WeTouch maintains a strong financial position, with approximately $105 million in cash as of the quarter ended September 30, 2024, which equates to around $8.90 per share [1][2][3]. The company's management believes the stock is undervalued and is actively evaluating share repurchase activity under its existing buyback plan [1][2][3].
"We are confident that we will meet the deadline," said Mr. Zongyi Lian, Chief Executive Officer of WeTouch. "Our operations remain strong and stable, and we continue to generate profits while maintaining a healthy financial position" [1].
WeTouch's strong financial health and the extension granted by Nasdaq reflect the company's commitment to upholding its Nasdaq listing and enhancing shareholder value [1][2][3][4].
References:
[1] https://www.streetinsider.com/Corporate+News/Wetouch+Technology+%28WETH%29+Receives+Nasdaq+Extension+to+File+Financial+Reports/24987235.html
[2] https://www.stocktitan.net/news/WETH/we-touch-technologies-inc-receives-nasdaq-extension-to-file-0ke2g6iyhwld.html
[3] https://www.finanznachrichten.de/nachrichten-2025-06/65774407-wetouch-technology-inc-wetouch-technologies-inc-receives-nasdaq-extension-to-file-financial-reports-200.htm
[4] https://www.investing.com/news/company-news/wetouch-technology-receives-nasdaq-compliance-extension-amid-filing-delays-93CH-4114618
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