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Adamas One Receives Nasdaq Notification of Non-Compliance with Listing Rules 5250(f) and 5250(c)(1)

News Regulatory information

SCOTTSDALE, Ariz., April 29, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, today reports that it has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the “Panel”) regarding its plan to regain compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).

GlobeNewswire Inc. • 29/04/2024 à 23:25:00
Adamas One Corp. Common Stock
Address: 17767 N. PERIMETER DR.
Postal Code: 85255
City: SCOTTSDALE
State: AZ
Phone Number: (480) 356-8798
Website: https://www.adamasone.com
Status: Active
Company Info

Adamas One Corp is a high-tech diamond company that uses its proprietary technology to produce high-quality, single-crystal diamonds and diamond materials through a CVD process, which it refers to as Diamond Technology. It operates as a Lab-Grown Diamond manufacturer that produces single-crystal diamonds for gemstone and industrial applications. The company produces chemical vapor deposition (CVD) gem-sized Lab-Grown Diamond crystals using processes pioneered by Apollo Diamond. The company's controlled manufacturing processes enable it to produce High-Quality, High Purity, High Volume, single-crystal colorless, near-colorless, and fancy-colored diamonds to suit a variety of industrial and gemstone applications.

List Date2022-12-09
MarketStocks
LocalUS
Primary ExchangeXNAS
TypeCS
Currency NameUSD
CIK0001884072
Composite figiBBG00MS928N6
Share Class figiBBG00MS928P4
Market Cap8,398,190 USD
SIC Code3910
SIC DescriptionJEWELRY, SILVERWARE & PLATED WARE
Total Employees12
Share Class Shares Outstanding27990000
Weighted Shares Outstanding27993966
Round Lot100
Updated date2024-05-12
Stats
Last 5 days
15-05
14-05
13-05
10-05
9-05
Last
0.288
0.293
0.307
0.307
0.309
Variance
-0.69%
-4.56%
0%
-1.92%
5.1%
Open
0.29
0.307
0.307
0.313
0.294
Highest
0.307
0.319
0.322
0.336
0.31
Lowest
0.307
0.319
0.321
0.327
0.31
History
PeriodVarhighestlowest
1 week
-2.38%
0.31
0.305
1 month
-27.34%
0.417
0.304
3 month
-43.73%
0.55
0.304
6 month
-45.44%
0.549999
0.304
1 year
-62.78%
0.8086
0.304
3 year
-96.66%
11.94
0.304
5 year
-96.66%
11.94
0.304
10 year
-96.66%
11.94
0.304
Stock Financials
Balance Sheet
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-02-21 2023-05-22 2023-12-29 UNPUB
Assets 14,511,299 12,393,876 13,175,676 UNPUB
Current Assets 5,317,278 3,194,935 2,142,467 UNPUB
Current Liabilities 7,128,776 7,378,313 8,177,762 UNPUB
Equity 6,153,824 3,819,977 3,811,642 UNPUB
Equity Attributable To Noncontrolling Interest 0 0 0 UNPUB
Equity Attributable To Parent 6,153,824 3,819,977 3,811,642 UNPUB
Liabilities 8,357,475 8,573,899 9,364,034 UNPUB
Liabilities And Equity 14,511,299 12,393,876 13,175,676 UNPUB
Noncurrent Assets 9,194,021 9,198,941 11,033,209 UNPUB
Noncurrent Liabilities 0 1,195,586 1,186,272 UNPUB
Cash Flow Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-02-21 2023-05-22 2023-12-29 UNPUB
Exchange Gains/Losses UNPUB UNPUB UNPUB UNPUB
Net Cash Flow 0 0 0 UNPUB
Net Cash Flow, Continuing 0 0 0 UNPUB
Net Cash Flow From Financing Activities 6,376,038 -1,946 1,754,200 UNPUB
Net Cash Flow From Financing Activities, Continuing 6,376,038 -1,946 1,754,200 UNPUB
Net Cash Flow From Investing Activities -4,667,965 2,385,916 254,903 UNPUB
Net Cash Flow From Investing Activities, Continuing -4,667,965 2,385,916 254,903 UNPUB
Net Cash Flow From Operating Activities -1,708,073 -2,383,970 -2,009,103 UNPUB
Net Cash Flow From Operating Activities, Continuing -1,708,073 -2,383,970 -2,009,103 UNPUB
Comprehensive Income
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-02-21 2023-05-22 2023-12-29 UNPUB
Comprehensive Income/Loss -8,977,913 -4,945,947 -4,538,183 UNPUB
Comprehensive Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Comprehensive Income/Loss Attributable To Parent -8,977,913 -4,945,947 -4,538,183 UNPUB
Other Comprehensive Income/Loss 0 0 0 UNPUB
Other Comprehensive Income/Loss Attributable To Parent UNPUB UNPUB UNPUB UNPUB
Income Statement
LabelQuarter 1 (USD)Quarter 2 (USD)Quarter 3 (USD)Full Year (USD)
Filing date 2023-02-21 2023-05-22 2023-12-29 UNPUB
Basic Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Benefits Costs and Expenses 9,569,192 5,059,878 4,829,121 UNPUB
Cost Of Revenue 134,846 45,152 217,844 UNPUB
Costs And Expenses 7,325,146 5,059,878 4,829,121 UNPUB
Diluted Earnings Per Share UNPUB UNPUB UNPUB UNPUB
Gross Profit 591,279 68,779 73,094 UNPUB
Income/Loss From Continuing Operations After Tax -8,977,913 -4,945,947 -4,538,183 UNPUB
Income/Loss From Continuing Operations Before Tax -8,977,913 -4,945,947 -4,538,183 UNPUB
Income Tax Expense/Benefit UNPUB UNPUB UNPUB UNPUB
Interest Expense, Operating 2,244,046 27,132 62,383 UNPUB
Net Income/Loss -8,977,913 -4,945,947 -4,538,183 UNPUB
Net Income/Loss Attributable To Noncontrolling Interest 0 0 0 UNPUB
Net Income/Loss Attributable To Parent -8,977,913 -4,945,947 -4,538,183 UNPUB
Net Income/Loss Available To Common Stockholders, Basic -8,977,913 -4,945,947 -4,538,183 UNPUB
Operating Expenses 7,325,146 4,987,594 4,548,894 UNPUB
Operating Income/Loss -6,733,867 -4,918,815 -4,475,800 UNPUB
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic 0 0 0 UNPUB
Preferred Stock Dividends And Other Adjustments 0 0 0 UNPUB
Revenues 591,279 113,931 290,938 UNPUB
Calendar
16 May 2024 (Time UTC) Actual Previous Consensus
16:30
United States
3331000000000.000
★★
16:30
United States
7353000000000.000
15:50
United States
★★
11:30
United States
11:30
United States
5.270
5.275
11:30
United States
5.270
5.270
11:30
United States
11:30
United States
★★
10:30
United States
10:30
United States
MAY 10
70000000000.000
79000000000.000
76000000000.000
10:30
United States
MAY 10
★★
10:00
United States
09:15
United States
APR
-0.300
0.200
0.100
★★
09:15
United States
APR
-0.380
0.090
09:15
United States
APR
78.400
78.500
78.400
News Stream
News Regulatory information
SCOTTSDALE, Ariz., April 29, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, today reports that it has a hearing scheduled for May 30, 2024 before a Nasdaq Hearings Panel (the “Panel”) regarding its plan to regain compliance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).
GlobeNewswire Inc. • 2w ago
News Regulatory information
Adamas One Corp. Announces NASDAQ's Acceptance of Compliance Plan for Late Financial Filings Adamas One Corp. Announces NASDAQ's Acceptance of Compliance Plan for Late Financial Filings
GlobeNewswire Inc. • 4w ago
Management Directors and Officers
SCOTTSDALE, Ariz., April 17, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (NASDAQ: JEWL), a leading innovator in lab-grown diamonds, is pleased to announce the formation of a Board of Advisors for its wholly-owned subsidiary, Adamas One Technologies. The Board of Advisors is comprised of esteemed industry experts and will provide strategic guidance as Adamas One Technologies explores various applications for lab-grown diamonds in the semiconductor industry.
GlobeNewswire Inc. • 4w ago
Stocks Stock Market News
SCOTTSDALE, Ariz., April 17, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, today reports that, as previously disclosed, on October 12, 2023, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company of its noncompliance with Nasdaq Listing Rule 5550(a)(2) (the “Rule”) by failing to maintain a minimum bid price for the Company’s common shares of at least $1.00 per share for 30 consecutive business days. The Company was allowed an initial 180-day grace period, or until April 9, 2024, (the “Compliance Period”), to regain compliance with the Rule. To regain compliance with the Rule the closing bid price of the Company’s common shares needed to be at least $1.00 per share for a minimum of ten consecutive business days during the Compliance Period.
GlobeNewswire Inc. • 4w ago
Management Management Changes
SCOTTSDALE, Ariz., March 26, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (NASDAQ: JEWL), a leading innovator in lab-grown diamonds, is pleased to announce the formation of a Board of Advisors for its wholly-owned subsidiary, Adamas One Technologies. The Board of Advisors is comprised of esteemed industry experts that will provide strategic guidance as Adamas One Technologies explores various applications for lab-grown diamonds in the semiconductor industry.
GlobeNewswire Inc. • 1mo ago
stocks Management Changes
SCOTTSDALE, Ariz., March 26, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (NASDAQ: JEWL), a leading innovator in lab-grown diamonds, is pleased to announce the formation of a Board of Advisors for its wholly-owned subsidiary, Adamas One Technologies. The Board of Advisors is comprised of esteemed industry experts that will provide strategic guidance as Adamas One Technologies explores various applications for lab-grown diamonds in the semiconductor industry.
GlobeNewswire Inc. • 1mo ago
Stocks Company Announcement
SCOTTSDALE, Ariz., March 07, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (NASDAQ: JEWL), a leading innovator in lab-grown diamond technology, is proud to announce that it has been honored with the esteemed title of "Best Lab-Grown Manufacturer for 2023" by Manufacturing Technology Insights Magazine. This recognition highlights Adamas One Corp.'s relentless commitment to pioneering advancements in lab-grown diamonds, both within the jewelry industry and the technology sector.
GlobeNewswire Inc. • 2mo ago
Stocks Major shareholder announcements
SCOTTSDALE, Ariz., Feb. 24, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for technology and other industrial uses, provides a shareholder update from our CEO below:
GlobeNewswire Inc. • 2mo ago
News Advisory
SCOTTSDALE, Ariz., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial uses, today reports that, on February 16, 2024, it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the “Nasdaq Listing Rule”) as a result of not having timely filed its Annual Report on Form 10-K for the year ended September 30, 2023 (the “2023 Annual Report”) and not having timely filed its Quarterly Report on Form 10-Q for the period ended December 31, 2023 (“Q1 2024 Quarterly Report”) with the Securities and Exchange Commission ("SEC").
GlobeNewswire Inc. • 2mo ago
Management Partnerships
SCOTTSDALE, Ariz., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Adamas One Corp. (Nasdaq: JEWL) (“Adamas One,” “Adamas” or the “Company”), The Original Lab-Grown Diamond Company™, a high-tech company that leverages proprietary technology to produce high-quality, single-crystal, Lab-Grown Diamonds for jewelry and diamond materials for industrial and technology uses, today announced that it has begun participating on the Webull Corporate Connect Service.
GlobeNewswire Inc. • 6mo ago
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