Amedica Corporation (NASDAQ:AMDA) last week has been notified by the Nasdaq Listing Qualifications division of the Nasdaq Capital Market that its minimum bid price per common share is below $1 for 30 consecutive business days. Simply speaking, the company’s common share has failed to meet the minimum bid price requirement as per Nasdaq Listing Rule 5550(a)(2).

Will the Company Be Delisted?

The company’s common shares will nonetheless continue to trade under the market. Nasdaq Capital Market has given Amedica a total of 180 calendar days to regain its compliance with Nasdaq Listing Rule 5550(a)(2). The company needs to meet the minimum bid price requirement of $1 on or before February 13 for at least 10 business days. Should the company’s common share still fail to meet the required minimum bid price within the given compliance period, Amedica can be eligible for an extended compliance period. However, to qualify for such extension, the company needs to be in compliance of all listing requirements other than the minimum bid requirement. Amedica will be entirely delisted from Nasdaq Capital Market if it fails to satisfy all conditions and requirements relating to regaining compliance with Nasdaq Listing Rule 5550(a)(2).

Q2 Financial Highlights

Amedica has issued its earnings report for the second quarter earlier this month, revealing a 16% year-over-year decline in revenue to $4 million from $4.80 million.

Cost of revenue had also fallen 25% year-over-year. Meanwhile, operating expenses had decreased 8% year-over-year.

Amedica had a total of $5.10 million in net loss, which is comparable to a net loss of $5.90 million reported during the same period in 2015. The significant year-over-year decline in net loss is largely attributed to the significant declines in operating costs and other expenses.

The company ended the second quarter with a total of $5.20 million in cash and cash equivalents; and a total of $12.10 million in principal debt obligations. Meanwhile, operating cash burn for the first half of the fiscal year (FY) 2016 had declined 55% year-over-year to $2.40 million from $5.30 million.

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HERITAGE PRINTING NPV (OTCMKTS:HAGE) continues to spark interest in the market investors having taken note of the stock potential given the growth prospects in the 3D Printing industry. Growth in demand for 3D printers continues to bolster the stock’s sentiments on the street as investors take note of the fact that the industry could be worth $35 billion by 2020.

The stock has been on an impressive run this year having rallied by more than 30% this year alone

Buoyed by the growth in demand in the industry, Heritage Printing has reiterated plans to develop and commercialize 3D printers in numbers as it looks to gain an edge in the fast-growing business. With spending in the industry, reaching new highs by the day the company believes it could bolster its revenue base going forward, by accruing a substantial amount of market share.