Faraday Future Intelligent Electric Inc. reported last week that it had been notified by the Nasdaq that it was late in filing its quarterly finances for the period ending March 31.

The Gardena electric vehicle manufacturer said on May 28 the late filing could serve as another reason to be delisted from the Nasdaq.

However, on May 29 the company said it had received notice from Nasdaq for an extended stay of the suspension pending an appearance before Nasdaq’s hearings panel.

“Work on the quarterly report for the first quarter 2024 on form 10-Q is actively progressing,” the company said in a release.

In late December, Faraday was told by the New York City-based exchange that it was out of compliance with listing rules because it shares closed at less than $1 for 30 consecutive business days. Then in April, it was notified by the Nasdaq that it was still out of compliance with another listing rule because its shares closed at or less than 10 cents for 10 consecutive trading days. Faraday told the Nasdaq it was intending to appeal the delisting notices.

Also on May 28, the company reported its fourth quarter and full year financials.

For the year ending Dec. 31, Faraday reported a net loss of $432 million, compared to a loss of $602 million in the previous year. Revenue improved by more than 100% to $800,000.

Global Chief Executive Matthias Aydt called last year “a milestone” for Faraday.

“I am excited by the future as we remain steadfast in our pursuit of growth through efficiency and the new markets we entered in 2023,” Aydt said in a statement.