Taitron Components (TAIT) plummeted 40.95% in after-hours trading following the announcement of its voluntary delisting from Nasdaq and a Q3 net loss. The company cited high compliance costs and fewer than 300 shareholders as reasons for delisting, with trading expected to cease on December 4, 2025, and potential quotation on the less-liquid OTC Pink tier. Concurrently, Taitron reported a Q3 net loss of $58,000—its first loss in the period since at least 2024—and a 53% year-over-year decline in net product revenue to $529,000. The resignation of CFO David Vanderhorst, with CEO Stewart Wang assuming financial duties, further signaled operational uncertainty. These developments collectively undermined investor confidence, triggering the sharp after-hours selloff as the market priced in reduced liquidity, deteriorating financials, and leadership instability.
Comments
No comments yet