Welcome to our dedicated page for PicoCELA news (Ticker: PCLA), a resource for investors and traders seeking the latest updates and insights on PicoCELA stock.
PicoCELA Inc (PCLA) delivers enterprise-grade wireless mesh solutions through its patented technology and SaaS platforms. This news hub provides investors and industry professionals with essential updates on the company's strategic developments.
Track all official announcements including quarterly earnings, product innovations, and partnership agreements. Our curated collection ensures immediate access to verified press releases and market-moving disclosures.
Key coverage areas include mesh networking advancements, cloud service expansions, and enterprise connectivity solutions. Stay informed about PCLA's dual revenue streams from hardware sales and subscription-based management services.
Bookmark this page for real-time updates on PicoCELA's position in the competitive telecommunications sector. Monitor how their Tokyo-based operations address global demand for cable-free network infrastructure.
PicoCELA (Nasdaq: PCLA), a Tokyo-based enterprise wireless mesh solutions provider, has received a notification from Nasdaq on April 22, 2025, regarding non-compliance with minimum bid price requirements. The company's American Depositary Shares (ADSs) failed to maintain the required US$1.00 per share minimum bid price for 30 consecutive business days from March 10 to April 21, 2025.
Under Nasdaq Listing Rule 5550(a)(2), PCLA has been granted a 180-day compliance period until October 20, 2025, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days. The company may consider implementing a reverse stock split, which must be completed at least 10 business days before the deadline. Failure to comply could result in delisting, though the company's current operations remain unaffected.
PicoCELA (NASDAQ: PCLA), a Tokyo-based enterprise wireless mesh solutions provider, reported financial results for fiscal year 2024. The company achieved a 40% year-over-year revenue increase to $5.5 million, primarily driven by a 34% growth in enterprise wireless Wi-Fi equipment business and 69% growth in software-as-a-service and maintenance.
The company's net loss decreased by 23% to $3.4 million, compared to $4.4 million in the previous year. Cost of revenue increased by 24.5% to $2.5 million, while selling, general, and administrative expenses decreased to $6.1 million. As of September 30, 2024, cash and cash equivalents were $3.2 million, with an additional $5.0 million in net proceeds received from their January 2025 IPO on Nasdaq.
PicoCELA (Nasdaq: PCLA), a Tokyo-based provider of enterprise wireless mesh solutions, has completed its Initial Public Offering of 1,750,000 American Depositary Shares (ADSs) at $4.00 per ADS, raising $7,000,000 in gross proceeds before deducting various expenses.
The ADSs began trading on the Nasdaq Capital Market on January 16, 2025, under the ticker symbol 'PCLA'. The company has granted underwriters a 45-day option to purchase up to 262,500 additional ADSs (15% of the initial offering) to cover potential over-allotments. Benjamin Securities served as the lead book-running representative, with Prime Number Capital as co-underwriter.
PicoCELA, a Tokyo-based enterprise wireless mesh solutions provider, has announced the pricing of its initial public offering (IPO) of 1,750,000 American Depositary Shares (ADSs) at $4.00 per ADS, raising gross proceeds of $7,000,000. Each ADS represents one common share of the company.
The company has granted underwriters a 45-day option to purchase up to 262,500 additional ADSs (15% of the offering) to cover over-allotments. Trading is expected to begin on the Nasdaq Capital Market on January 16, 2025, under the symbol 'PCLA', with the offering closing on January 17, 2025.
The net proceeds will be used for working capital for inventory production, product and service improvement, and research and development for new products and services. Benjamin Securities is acting as lead book-running representative, with Prime Number Capital as co-underwriter.
