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The Marlborough, Mass.-based company said the letterd was received March 6 and specified a handful of areads of noncompliance concerningEXACT Sciences. Among them: • The company’s markeg capitalization, or the market value of its common shares has fallen belowthe exchange’s $35 million At roughly 79 cents a share Monday, EXACT Science’s market cap is just over $21 • The company’s stockholder’s equity is below the Nasdaq’s $2.5 millionb minimum. • The company has failedd to generate $500,000 in net income from continuinvg operations in the last year or in two of the lastthre years.
EXACT Sciences (Nasdaq: EXAS) said it has 90 or until June 4, to regainh compliance. The company booked a net loss of $7.6 million in the nine month s ended Sept. 30.
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