Veeco receives extension on Nasdaq compliance
Veeco mechanical engineer Mathew Levy holds a data wafer at a plant in Plainview in 2012. Credit: Chris Ware
Veeco Instruments Inc., a Plainview-based public company that had been warned it may be delisted from the Nasdaq due to a late quarterly filing, said Monday it had received an extension to regain compliance with the exchange.
The company, which makes equipment for manufacturing LED lights, said in November it had to delay filing of its quarterly report for the period ending Sept. 30 because it was reviewing its accounting procedures and revenue recognition on sales of certain equipment.
Veeco submitted a plan to regain compliance to Nasdaq last week, and was granted an extension until May 20.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
