Taitron to delist from Nasdaq, reports Q3 net loss

LOS ANGELES - Electronic components distributor Taitron Components Incorporated (NASDAQ:TAIT) announced Friday it will voluntarily delist from the Nasdaq Stock Market and deregister its common stock under the Securities Exchange Act of 1934. The small-cap company, with a market capitalization of just $12.64 million, is currently trading near its 52-week low of $2.01.

The company cited costs of maintaining its Nasdaq listing and public reporting status as outweighing the benefits to the company and its stockholders. Taitron expects the delisting to become effective around December 4, 2025, with trading on Nasdaq ceasing at that time.

Following delisting, the company's shares may be eligible for quotation on the Pink tier of OTC Markets Group if market makers commit to making a market in the stock, though the company provided no assurance that trading would continue.

Taitron also reported that David Vanderhorst resigned as Chief Financial Officer and Secretary on November 10, though he will remain with the company as Controller. CEO Stewart Wang has assumed the duties of principal financial and accounting officer.

In its third quarter financial results also released Friday, Taitron reported a net loss of $58,000 compared to net income of $245,000 in the same period last year. Revenue fell to $529,000 from $1,187,000 in the third quarter of 2024.

For the nine months ended September 30, the company posted a net loss of $671,000 compared to net income of $1,203,000 in the same period last year, while revenue decreased to $2,778,000 from $3,374,000.

The company plans to file a Form 25 with the Securities and Exchange Commission around November 24, followed by a Form 15 around December 8, which will suspend its obligation to file periodic reports.

This information is based on a press release statement from the company.

In other recent news, Taitron Components Incorporated announced a quarterly cash dividend of $0.035 per share of common stock. The Board of Directors declared that the dividend will be payable on November 26, 2025. Stockholders of record as of the close of business on November 14, 2025, will be eligible to receive the dividend. This development reflects the company's ongoing commitment to returning value to its shareholders. The announcement was made through the company's official press release. No additional financial results or analyst ratings were reported in conjunction with this dividend declaration. Investors may want to note these recent developments for potential impacts on their investment strategies.

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