Last $0.77 USD
Change Today -0.0109 / -1.40%
Volume 46.8K
SYMX On Other Exchanges
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

synthesis energy systems inc (SYMX) Snapshot

Open
$0.78
Previous Close
$0.78
Day High
$0.80
Day Low
$0.75
52 Week High
03/19/14 - $2.44
52 Week Low
02/13/15 - $0.63
Market Cap
56.3M
Average Volume 10 Days
241.4K
EPS TTM
$-0.34
Shares Outstanding
73.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SYNTHESIS ENERGY SYSTEMS INC (SYMX)

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synthesis energy systems inc (SYMX) Details

Synthesis Energy Systems, Inc., a development stage energy and gasification technology company, provides various proprietary gasification technology systems and solutions to the energy and chemical industries worldwide. The company offers U-GAS fluidized bed gasification technology to convert low quality coals, such as lignite, coal wastes, municipal wastes, and agricultural waste biomass to high value products, such as electric power, transportation fuels, and substitute natural gas fuel for direct reduction iron, steel making, and other products. It also has rights to sublicense U-GAS systems to third parties for coal, and coal and biomass mixtures, as well as for biomass projects. The company was founded in 2003 and is headquartered in Houston, Texas.

213 Employees
Last Reported Date: 11/21/14
Founded in 2003

synthesis energy systems inc (SYMX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $300.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $26.0K
Chief Operating Officer
Total Annual Compensation: $206.7K
Compensation as of Fiscal Year 2014.

synthesis energy systems inc (SYMX) Key Developments

Synthesis Energy Systems Receives Non-Compliance Notice From NASDAQ

On February 9, 2015, Synthesis Energy Systems, Inc. received a notification from the NASDAQ Stock Market (NASDAQ) indicating that the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days and as a result, the Company is not in compliance with the minimum bid price requirement for continued listing set forth in NASDAQ Listing Rule 5450(a)(1). The NASDAQ notice has no immediate effect on the listing or trading of the Company’s common stock. Under NASDAQ Listing Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until August 10, 2015, in which to regain compliance with the minimum bid price rule. To regain compliance, the closing bid price of the Company’s common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this grace period. If the Company does not regain compliance before August 10, 2015, the NASDAQ stated that it will provide the Company with written notice that its securities are subject to delisting. At that time, the Company may appeal the NASDAQ’s determination to a NASDAQ Listing Qualifications Panel, which would stay any further delisting action by the NASDAQ pending a final decision by the panel. Alternatively, the Company may be eligible for an additional grace period if it meets the initial listing standards, with the exception of bid price, for the NASDAQ Capital Market, and the Company successfully applies for a transfer of its securities to that market. Such a transfer would provide the Company with an additional 180 calendar day period to regain compliance with the minimum bid requirement. The Company said that it actively monitors the price of its common stock and will consider all available options to regain compliance with the continued listing standards of the NASDAQ.

Synthesis Energy Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Reports Impairment Charges for the Second Quarter Ended December 31, 2014

Synthesis Energy Systems, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company’s total revenue was $3,882,000 compared to $5,914,000 a year ago. Operating loss was $26,113,000 against $1,336,000 a year ago. The net loss attributable to stockholders was $25.6 million, or $0.35 per share, versus a loss of $1.4 million, or $0.02 per share, for the prior year's second quarter primarily due to the impairment of assets. The revenue for this quarter primarily resulted from the ZZ joint venture plant methanol sales of 12,268 tonnes. The reduction in revenue is primarily attributed to the lower methanol prices. The increase in operating loss is primarily associated with an impairment loss recognized by the company's ZZ joint venture facility, coupled with a very low methanol pricing environment. For the six months, the company’s total revenue was $8,096,000 compared to $5,914,000 a year ago. Operating loss was $30,607,000 against $5,466,000 a year ago. Net loss attributable to stockholders was $30,109,000 or $0.41 per basic and diluted share against $5,597,000 or $0.09 per basic and diluted share a year ago. The company reported impairment charges for the second quarter ended December 31, 2014. For the period, the company reported impairments of long lived assets of $20,914,000.

Synthesis Energy Systems, Inc., Q2 2015 Earnings Call, Feb 12, 2015

Synthesis Energy Systems, Inc., Q2 2015 Earnings Call, Feb 12, 2015

 

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