On February 4, 2022, Teams Inc (TISI) stock closed the trading session at $0.67, 1.71% more than the previous trading session. The share price gained 11.71% during the after-hours. The stock opened at $0.68 and recorded an intra-day high of $0.73. TISI went to a low of $0.64 during the trading session. The gain in the share price as a result of filing with the SEC on February 4, 2022.
Teams Inc (TISI) is a provider of integrated asset performance assurance and optimization solutions, globally, which have its headquarter in Sugar Land Texas.
TISI – Press Release
Teams Inc gave a press release, about getting a notice from the New York Stock Exchange (NYSE) on February 2, 2022. The NYSE said that the company is not in compliance with listing standards in Rule 802.01C of the NYSE company manual. The NYSE manual requires the company to keep a normal closing price of $1 at minimum, over a 30-trading day period.
The Company will intently monitor the closing price of the share and is considering all suitable choices and means to recover compliance with the NYSE guidelines by seeking measures that are to the greatest advantage of the Company and its investors. During this period, the Company’s normal stock will keep on trading on the NYSE under its current ticker, with addition as “TISI.BC.”
Financials
The company announced its third-quarter financial results, which ended on September 30, 2021. The total revenue of the company was reported to be $217.4 million against $219.1 million during the same quarter, the previous year. The reported EPS of the company was -$1.01 against the estimated EPS of -0.29.
TISI – CEO Remarks
The Chief Executive Officer (CEO) of the company, Amerino Gatti, said that the financial outcomes didn’t reach the expectations because of weather aggravations, uneven market recuperation, and challenging business elements. He further said that they expect to capitalize on the new market tailwinds while being focused on long-term strategic production.
