WeTouch Technologies Inc. Receives Nasdaq Extension to File Financial Reports
WeTouch Technology (NASDAQ:WETH), a leading projected capacitive touchscreen manufacturer, has received an extension from Nasdaq until October 13, 2025 to file its delayed Form 10-K (2024) and Form 10-Q (Q1 2025) reports. The company remains confident in meeting this compliance deadline.
WeTouch reports strong financial health with approximately $105 million in cash (around $8.90 per share) as of Q3 2024. Management believes the stock is undervalued and is considering share repurchases under its existing buyback program.
WeTouch Technology (NASDAQ:WETH), un produttore leader di touchscreen capacitivi proiettati, ha ottenuto da Nasdaq una proroga fino al 13 ottobre 2025 per presentare i suoi ritardati rapporti Form 10-K (2024) e Form 10-Q (Q1 2025). L'azienda rimane fiduciosa di rispettare questa scadenza.
WeTouch segnala una solida situazione finanziaria con circa 105 milioni di dollari in contanti (circa 8,90 dollari per azione) al terzo trimestre 2024. La direzione ritiene che il titolo sia sottovalutato e sta valutando riacquisti di azioni nell'ambito del programma di buyback esistente.
WeTouch Technology (NASDAQ:WETH), un fabricante líder de pantallas táctiles capacitivas proyectadas, ha recibido una prórroga de Nasdaq hasta el 13 de octubre de 2025 para presentar sus informes retrasados Formulario 10-K (2024) y Formulario 10-Q (Q1 2025). La compañía mantiene la confianza en cumplir con este plazo.
WeTouch reporta una sólida salud financiera con aproximadamente 105 millones de dólares en efectivo (alrededor de 8,90 dólares por acción) al tercer trimestre de 2024. La gerencia considera que las acciones están infravaloradas y está evaluando recompras bajo su programa de recompra existente.
WeTouch Technology (NASDAQ:WETH)는 선도적인 프로젝티드 커패시티브 터치스크린 제조업체로서, 지연된 2024년 Form 10-K 및 2025년 1분기 Form 10-Q 보고서 제출 기한을 2025년 10월 13일까지 나스닥으로부터 연장 받았습니다. 회사는 이 기한을 준수할 것이라고 자신하고 있습니다.
WeTouch는 2024년 3분기 기준 약 1억 500만 달러의 현금 (주당 약 8.90달러)을 보유하며 재무 건전성이 강하다고 보고합니다. 경영진은 주식이 저평가되어 있다고 판단하며 기존 자사주 매입 프로그램에 따라 자사주 매입을 검토 중입니다.
WeTouch Technology (NASDAQ:WETH), un fabricant de premier plan d’écrans tactiles capacitifs projetés, a obtenu une prolongation de Nasdaq jusqu’au 13 octobre 2025 pour déposer ses rapports retardés Formulaire 10-K (2024) et Formulaire 10-Q (T1 2025). L’entreprise reste confiante quant au respect de cette échéance.
WeTouch affiche une solide santé financière avec environ 105 millions de dollars en liquidités (soit environ 8,90 dollars par action) au troisième trimestre 2024. La direction estime que l’action est sous-évaluée et envisage des rachats d’actions dans le cadre de son programme de rachat existant.
WeTouch Technology (NASDAQ:WETH), ein führender Hersteller von projizierten kapazitiven Touchscreens, hat von der Nasdaq eine Fristverlängerung bis zum 13. Oktober 2025 erhalten, um seine verspäteten Form 10-K (2024) und Form 10-Q (Q1 2025) Berichte einzureichen. Das Unternehmen ist zuversichtlich, diese Compliance-Frist einzuhalten.
WeTouch berichtet über eine starke finanzielle Lage mit etwa 105 Millionen US-Dollar in bar (ca. 8,90 US-Dollar pro Aktie) zum dritten Quartal 2024. Das Management hält die Aktie für unterbewertet und erwägt Aktienrückkäufe im Rahmen des bestehenden Rückkaufprogramms.
- Strong cash position of $105 million ($8.90 per share)
- Company confirms continued profitability and operational stability
- Nasdaq granted extension for compliance until October 13, 2025
- Management considering share buyback due to perceived undervaluation
- Delayed filing of Form 10-K for 2024
- Delayed filing of Form 10-Q for Q1 2025
- Risk of potential Nasdaq delisting if compliance deadline is not met
Company remains profitable and well-funded with approximately
$105 million in cash as of last reported quarterManagement believes stock is undervalued and is evaluating share repurchase activity under existing buyback plan
CHENGDU, CHINA / ACCESS Newswire / June 27, 2025 / WeTouch Technology Inc. (Nasdaq:WETH) ("WeTouch" or the "Company") a leading provider of medium to large sized projected capacitive touchscreens, today announced an update on its Nasdaq listing compliance and corporate governance.
On June 26, 2025, the Company received written notice from The Nasdaq Stock Market LLC ("Nasdaq") that Nasdaq had reviewed and accepted the Company's compliance plan regarding the delayed filing of its Form 10-K for the year ended December 31, 2024 and Form 10-Q for the quarter ended March 31, 2025. Nasdaq has granted WeTouch an exception through October 13, 2025 to regain compliance with Nasdaq Listing Rule 5250(c)(1), provided the Company files all outstanding reports by that date. The Company is confident that it will meet this deadline.
"Our operations remain strong and stable, and we continue to generate profits while maintaining a healthy financial position," said Mr. Zongyi Lian, Chief Executive Officer of WeTouch. "As of the quarter ended September 30, 2024, we held approximately
About WeTouch Technology Inc.:
WeTouch Technology Inc. is a leading provider of high-quality touch display solutions, committed to revolutionizing human-machine interaction across various industries. With a focus on innovation and customer satisfaction, WeTouch delivers cutting-edge technology and unmatched performance in touch display solutions worldwide.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook," "objective" and similar terms. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and which are beyond WeTouch's control, which may cause WeTouch's actual results, performance or achievements (including the RMB/USD value of its anticipated benefit to WeTouch as described herein) to differ materially and in an adverse manner from anticipated results contained or implied in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in WeTouch's filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov. WeTouch does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For more information, please contact:
Horizon IR
Michael Wei,
Email: hwey@horizonconsultancy.co
SOURCE: Wetouch Technology Inc.
View the original press release on ACCESS Newswire
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