NYSE America Issues Deficiency Letter to NUBURU INC
January 6, 2024
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NUBURU INC ($NYSEAM:BURU), a publicly traded company on the New York Stock Exchange (NYSE), recently received a deficiency letter from NYSE America. The letter outlines certain regulatory requirements that the company must meet in order to remain listed on the exchange. NUBURU INC is a technology company that specializes in laser-based additive manufacturing and 3D printing solutions. The company is dedicated to providing revolutionary products and services that can help make the manufacturing process faster and more efficient. NUBURU also offers a range of software solutions that can facilitate 3D printing processes. The deficiency letter issued by NYSE America outlines that NUBURU must address the gaps in its corporate governance structure.
The company must also ensure that its financial statements are in compliance with applicable regulations and that it maintains sufficient liquidity so that it can remain listed on the exchange. Furthermore, NUBURU must also maintain satisfactory financial condition and have adequate resources to continue its operations. NUBURU’s management team is currently working to address the deficiencies outlined in the letter and is committed to ensuring that the company meets all applicable regulatory requirements. The company has also stated that it is confident it will be able to address the deficiencies and remain listed on NYSE America.
Stock Price
On Thursday, the NYSE American issued a deficiency letter to NUBURU INC due to their stock opening and closing at $0.2 for the day. This was a 8.9% rise from the previous closing price of 0.2. This letter was sent as a precautionary measure to inform the company of their inability to maintain certain listing standards.
Failure to do so may result in the delisting of the company’s securities. It is unclear at this time how NUBURU INC will respond to the deficiency letter or if they will be able to meet the listing requirements of the NYSE American. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nuburu Inc. More…
| Total Revenues | Net Income | Net Margin |
| 0.71 | 5.29 | -828.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nuburu Inc. More…
| Operations | Investing | Financing |
| -7.15 | 302.12 | -294.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nuburu Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.09 | 13.59 | -0.13 |
Key Ratios Snapshot
Some of the financial key ratios for Nuburu Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -1090.9% |
| FCF Margin | ROE | ROA |
| -1136.2% | 213.0% | -52.9% |
Analysis
At GoodWhale, we conducted an analysis of NUBURU INC‘s wellbeing. Our Star Chart depicted a low health score of 3/10 with regard to cashflows and debt. This indicates that NUBURU INC is less likely to sustain future operations in times of crisis. We classified NUBURU INC as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Given its solid asset base, NUBURU INC may find interest from investors who are looking for a stable and secure source of income. However, it is weak in other areas such as dividend, growth, and profitability, which may deter certain investors. It is important to note that different investors have different strategies, and so it is important to carefully consider what type of investors may be interested in such a company. More…
Peers
In the modern business world, competition is fierce and nowhere is that more evident than in the race between Nuburu Inc and its top competitors, Thermodynetics Inc, HydrogenPro ASA, and Harmonic Drive Systems Inc. With each rival pushing the boundaries of innovation and offering customers with cutting-edge products, the competition between these four companies will be sure to shape the future of their industries.
– Thermodynetics Inc ($OTCPK:TDYT)
Thermodynetics Inc is a leading provider of custom engineered thermal solutions and products. With a market cap of 97.5k as of 2023, the company is one of the largest in its industry. Its Return on Equity (ROE) of 831.89% indicates the company has made effective investments in its operations, resulting in impressive returns. The company boasts a portfolio of products such as thermal systems, heat transfer products and related services for industrial, commercial and consumer applications. It has become renowned for its quality products and services that help customers solve their most demanding thermal challenges.
– HydrogenPro ASA ($BER:R6Z)
HydrogenPro ASA is a Norwegian-based company that specializes in the production and distribution of hydrogen gas for industrial, commercial and residential use. With a market cap of 118.11M as of 2023, HydrogenPro ASA has a presence in all major markets in Europe and the United States. Despite the company’s considerable growth, its return on equity (ROE) stands at an unfortunately negative -12.58%. This likely reflects the high level of investments required to maintain HydrogenPro’s operations and ongoing expansion into new markets. The company is currently focusing on research and development efforts to improve its products and services, with the goal of delivering increased value to its customers.
– Harmonic Drive Systems Inc ($TSE:6324)
Harmonic Drive Systems Inc is a global technology company that specializes in precision motion control products, including gearheads and motors. With a market cap of 373.6B as of 2023, the company is well-positioned to capitalize on further growth opportunities in the motion control sector. Additionally, Harmonic Drive Systems Inc has achieved a solid Return on Equity (ROE) of 6.4%, which is indicative of their strong financial performance and sound business practices. This suggests that their shareholders are being rewarded for their investments in the company and that the company is well-positioned to continue to generate strong returns for them.
Summary
NUBURU Inc is a publicly traded company that recently received a deficiency letter from the New York Stock Exchange America (NYSE) concerning its compliance with continued listing standards. Despite this news, the stock price for the company rose on the same day, suggesting that investors are not overly concerned about the warning. Investors should carefully research and analyze NUBURU Inc before investing, as the stock could be subject to further volatility due to its noncompliance with NYSE’s listing standards. Various factors such as financial performance, competitive environment, market trends, and political and economic conditions should be considered when looking into the investment opportunities of NUBURU Inc. Furthermore, it is also important to weigh the potential risks and rewards associated with investing in the company.
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