IHT receives NYSE American delisting notice for low equity; Q2 profit rebounds

INNSUITES HOSPITALITY TRUST

Stockholders' equity below $4M and $6M thresholds; five consecutive fiscal years of losses through Jan 2021.
Must submit compliance plan by Dec 15, 2021; deadline to cure is June 15, 2023.
Fiscal Q2 2022 net income $401,564 vs loss of $1.267M prior year; EPS $0.04.
First half fiscal 2022 net income ~$560,000 vs prior-year loss of ~$2.1M; revenue up 81% to ~$1.7M.
UniGen clean energy prototype expected operational within five months; $12M purchase order from industry leader.

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