Gravity (GRVY) Reports Q1 Loss of $0.68/ADS
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Gravity Regains Compliance With NASDAQ Minimum Bid Price Requirement
May 27, 2015 6:10 AM EDTSEOUL, South Korea, May 27, 2015 (GLOBE NEWSWIRE) -- Gravity Co., Ltd. (Nasdaq: GRVY) ("Gravity" or "Company") today announced that on May 26, 2015, the Company received a letter from The NASDAQ Stock Market stating that it has regained compliance with the minimum bid price requirement for continued listing on The NASDAQ Capital Market.
After the Company effected a 1-for-8 reverse split on May 11, 2015, NASDAQ has determined that for the last 10 consecutive business days, from May 11 to May 22, 2015, the closing bid price of the Company's American Depositary Shares("ADS") has been at US$ 1.00 per share or greater.... More
Gravity Reports First Quarter of 2015 Results
May 27, 2015 6:10 AM EDTSEOUL, South Korea, May 27, 2015 /PRNewswire/ -- GRAVITY Co., Ltd. (NasdaqCM: GRVY) Â ("Gravity" or "Company"), an online and mobile game developer, operator and publisher based in South Korea, today announced its unaudited financial results for the first quarter ended March 31, 2015, prepared in accordance with generally accepted accounting principles in the United States.
FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2015
Revenues for the first quarter ended March 31, 2015 was KRW 9,069 million (US$ 8,187 thousand), representing a 2.8% decrease from KRW 9,330 million for the fourth quarter ended December 31, 2014 ("QoQ") and a 15.8% decrease... More
