OD2 parent company US firm Loudeye faces delisting from the Nasdaq share index because it has been valued at under $1 per share for over 30-days.

The company has 180 days (since Nasdaq issued its delisting warning) to raise shares above $1 each for ten consecutive days.

The company's stock is at $0.81 right now, with a 52-week low of $0.67 behind it.

Loudeye acts as a warehouse for digital music stores across the globe, offering third party companies a way to set up their own digital music outlets in Windows fromat.

The company revealed a net loss of $7.5 million in its first quarter on revenues of $6.0 million.