Thursday, September 8, 2016

Itron Back On Track With NASDAQ

Liberty Lake, Washington-based smart utility meter maker Itron is back on track with the NASDAQ, saying on Wednesday that it is back in compliance with the Nasdaq requirements for listing. The company said it received notice from The Nasdaq Stock Market on September 2nd, saying the company has regained compliance with Nasdaq rules governing timely financial filings. The company had been on notice since March 16th, after failing to file a 10-Q on time. That delay came due to struggles with revenue recognition of software contracts--an area which has been a difficult task for customers, with conflicting accounting standards and recommendations.