Socket Mobile Dips Below $1 Mark Again as Nasdaq Deadline Nears
Socket Mobile (SCKT) closed at $0.9039 Wednesday, remaining below Nasdaq’s $1 minimum and risking delisting if the price doesn’t recover by Nov. 16. The company reported Q1 revenue of $3.7 million, down 7% year-over-year, and an operating loss of $0.8 million. In March, Socket raised $500,000 via a convertible note at $0.90 per share. Volume reached 229,471 shares, with a market cap near $7.4 million.