LSH Shares Fall After Profit Turnaround – Nasdaq Risk in Focus
Lakeside Holding shares dropped 10.6% to $0.514 Thursday, valuing the company at $17.7 million and keeping it below Nasdaq’s $1 minimum with a July 7 compliance deadline. Quarterly revenue jumped 167% to $1.33 million, with net income of $142,408, but continuing operations posted a $1.58 million loss. The company has shifted focus to pharmaceutical distribution in China.