Australian Oilseeds receives Nasdaq $1 bid price notice; Q3 sales up 49.8%, net loss
Australian Oilseeds Holdings received a Nasdaq notice that its share price has been below the $1.00 minimum for 30 consecutive business days, with until November 24, 2025 to regain compliance. For the quarter ended March 31, 2025, sales revenue rose 49.8% to A$9.4 million, but the company swung to a net loss of A$0.6 million from net income of A$41 thousand a year earlier.
- Nasdaq bid price notice received May 27, 2025; 180 calendar days, to November 24, 2025, to regain compliance with the $1.00 minimum
- Sales revenue up 49.8% to A$9.4 million; retail oil revenue up 69.4% to A$4.7 million
- Net loss of A$0.6 million versus net income of A$41 thousand in the prior-year quarter
- Effective May 22, 2025, JSKS Enterprises, controlled by CEO Gary Seaton, converted about A$5 million of loans into 4,452,479 shares at $0.7241 per share