News & Events zu ZK International Group Co Ltd (ZKIN)ZKINZK International Group Co Ltd

ZK International Group regains Nasdaq listing compliance

ZK International Group announced that the bid price deficiency concern raised by Nasdaq has been resolved. The company has received written notification from Nasdaq notifying the company that it has regained compliance with the minimum bid price requirement as the company's closing bid price exceeded $1.00 for 10 consecutive business days. On February 14, the Staff notified the company that it has regained compliance with the Rule and the matter is now closed.

ZK International Group reports FY24 EPS (8c) vs. ($1.94) last year

Reports FY24 revenue $108.2M vs. $111.6M last year. The company said the decrease of operational loss was mainly due to improved gross margin performance and reduced one-off asset impairment costs that incurred during FY23. Reports FY24 Net book value per share 82c vs. 80c last year. Jiancong Huang, Chairman of ZK International, commented, "The business climate is steadily improving, marking a turning point for ZK International. The improvement in our financial performance for the Fiscal Year end of FY24 underscores our resilience and strategic focus during challenging times. With market conditions recovering, our expanded market share, enhanced operational strategies, and commitment to innovation and quality position us to capitalize on this momentum. As we strengthen our global presence and drive innovation, we anticipate significant growth in the next few years, including increased profit margins and net profit. ZK International is entering an exciting new era of expansion, and we are confident in achieving sustainable growth and creating long-term value for our shareholders."