Earnings ·
Nasdaq denies Platinum Analytics' request to remain listed, suspending trading after revenues collapsed 91% to $0.1 million
PLTSPlatinum Analytics Cayman Ltd
Platinum Analytics Cayman Limited reported a net loss of US$3.8 million for the six months ended March 31, 2026, compared to a net income of US$3.2 thousand in the prior year period. Revenues collapsed by 91% to US$0.1 million as all previously contracted projects were completed with no new contracts signed. The company faces substantial doubt about its ability to continue as a going concern due to accumulated deficits of US$14.6 million and reliance on related-party financing. Additionally, Nasdaq denied the company's request for continued listing on September 21, 2026, resulting in the suspension of trading effective September 23, 2026. The company operates as a software developer specializing in FX trading solutions and data analytics for financial institutions.