Vancouver — Nautilus Inc. said Monday it has regained compliance with the New York Stock Exchange’s listing rules.
The announcement by the Vancouver-based maker of fitness equipment stems from a threat it received from the NYSE more than a year ago saying it needed to raise its market capitalization or face being removed from the exchange.
The company said it has received a notice from the NYSE saying it followed through with a business plan it submitted to the exchange and now meets the exchange’s minimum market capitalization standard.
The company’s “profitable finish to the 2011 fiscal year was further evidence that our key initiatives are delivering the results we expect,” Bruce Cazenave, CEO of Nautilus, said in a news release.
