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The Marlborough, Mass.-based company said the letter was received Marchn 6 and specified a handful of areas of noncompliance concerninvEXACT Sciences. Among them: • The company’sd market capitalization, or the market value of its commobshares outstanding, has fallen below the exchange’s $35 million minimum. At roughly 79 centxs a share Monday, EXACT Science’xs market cap is just over $21 million. • The company’xs stockholder’s equity is below the Nasdaq’s $2.5 millionm minimum.
• The company has failexd to generate $500,000 in net income from continuing operationa in the last year or in two of the last three EXACTSciences (Nasdaq: EXAS) said it has 90 or until June 4, to regai n compliance. The company booked a net loss of $7.6 milliohn in the nine months ended Sept. 30.
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