Key Highlights

  • Friday, November 13, 2026 saw SCKT quoted up 17.14% at USD 0.539 in market data. Thin trading is common in micro caps, so this reading reflects only the live session.
  • The final regular Nasdaq session is expected at the close on November 18, 2026, with OTCID quotes from around November 19 under the unchanged SCKT symbol.
  • Third-quarter Revenue increased 9% to USD 3.39 million, while the net loss shrank to USD 789 thousand, or USD 0.09 per share, from USD 1.20 million a year earlier.
  • At September 30, 2026, the company held USD 1.40 million in cash, facing subordinated convertible notes of roughly USD 5.27 million; total Equity was USD 1.81 million.

Board Approval Starts the Countdown to an OTCID Quote

Socket Mobile (NASDAQ:SCKT) told Nasdaq on October 27, 2026 that its board had approved shifting the common stock to the OTCID market, and it sent notice the same day. A Form 25 was scheduled for around November 9, with removal from the exchange roughly ten days later and the SCKT ticker kept as is. The board pointed to legal, accounting and listing expenses, and noted that equity sits below Nasdaq's USD 2.5 million minimum, a shortfall for which a compliance plan had been submitted. The company still plans to keep submitting 10-K, 10-Q and 8-K reports, and it states that operations and customers remain untouched. Nothing in the reviewed filing accounts for why Friday's rise landed on this day, and no company announcement explaining it was located.

Shrinking Cash and Narrower Losses in the November 4 Report

On November 4, 2026 the company reported quarterly revenue 12% higher than the previous quarter, but nine-month revenue slid to USD 10.12 million from USD 11.12 million. The quarterly operating loss came to USD 643 thousand, while the nine-month net loss reached USD 3.04 million, or USD 0.37 per share, compared with USD 2.98 million. Total liabilities stood at USD 9.95 million, including USD 425 thousand of short-term borrowings from related parties. The company offered no numeric guidance, pledging to keep cost controls in place and to grow the data capture line. Revenue in the third quarter, USD 3.39 million, climbed 9% year on year.

Sub-USD 1 Shares and Convertible Debt Shape the Risk Profile

Shares priced below USD 1 leave little room for error. Based on rounded figures (calculated), the per-share loss suggests around 8 to 9 million shares outstanding, which would mean a Market Value of roughly USD 4 to 5 million. Thin trading can make prices jump, spreads may widen and quoted moves can be reversed quickly. Socket Mobile (NASDAQ:SCKT) moving to OTCID could also shrink the investor base reached, since some brokerages restrict trades in such securities. The convertible debt, about USD 5.27 million, far exceeds the USD 1.40 million cash pile, and the equity shortfall adds to the Balance Sheet concern. Next, watch the November 18 close, the first OTCID quote and whether regular filings continue.

Where Things Stand

Nothing announced explains the rise yet. The closest developments are the planned Nasdaq departure and the November 4 report, and a sub-USD 1 share rising is not news in itself. Socket Mobile (NASDAQ:SCKT) is trading up 17.14% at USD 0.539 as its final Nasdaq sessions approach. Revenue growth and a smaller loss are countered by slim cash and convertible debt. Upcoming markers include the November 18 close, OTCID Quotation around November 19 and the next filing.