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Nasdaq gives Cray delisting warning

Said stock would be delisted April 13, but shares will remain listed pending decision in appeal hearing.

Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
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  • Shankland covered the tech industry for more than 25 years and was a science writer for five years before that. He has deep expertise in microprocessors, digital photography, computer hardware and software, internet standards, web technology, and more.
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Nasdaq warned Cray on Friday that its failure to file an annual report by a March 31 deadline means its stock no longer qualifies for listing on the market, the supercomputer maker said Monday. Cray said in March that it would delay the filing to review whether as much as $3.3 million in revenue from a product development contract had been recorded improperly.

Nasdaq said the stock would be delisted on April 13, but Cray requested an appeal hearing, and the stock will remain listed pending the hearing decision, the company said. Cray "currently does not have an anticipated date of filing for the annual report, but continues to work as expeditiously as possible with the external auditors to complete the review," the company said in a statement.