Emcore receives Nasdaq notice for filing delay

ALBUQUERQUE, N.M.

Emcore Corp., a maker of components for communications gear and solar panels, said Tuesday it received a letter from the Nasdaq Stock Market on Aug. 18 that it was not in compliance with the continued listing requirements.

Emcore got the notice because it did not file its 10-Q quarterly report with the Securities and Exchange Commission on time. The report is for the quarter ended June 30.

The company said it needs more time to review the way it accounted for certain inventory write-downs and the allowance against a specific account receivable.

Emcore plans to file its report as soon as it can after completing the review.

Shares closed down 7 cents at 84 cents.