Socket Mobile Stock Price, News & Analysis

Socket Mobile (NASDAQ: SCKT) reported challenging Q2 2025 financial results, with revenue declining 20% year-over-year to $4.04 million. The company faced significant headwinds, including weaker revenue trends and reduced distributor purchases due to tariff concerns.

Key financial metrics include a gross margin of 49.9%, operating expenses of $2.7 million, and an operating loss of $677,000. The company's cash position improved to $2.6 million, bolstered by a $1.5 million secured subordinated convertible note financing completed in May.

Despite challenges, Socket Mobile's new XtremeScan products are gaining market traction, particularly in iOS device integration for frontline workers. Management has implemented cost-saving measures to navigate the current market environment.

Socket Mobile (NASDAQ: SCKT), a provider of data capture and delivery solutions, has scheduled its Q2 2025 earnings release for Thursday, July 31, 2025, after market close. The company will host a conference call to discuss the results at 5 p.m. Eastern Time (2 p.m. Pacific Time).

Investors can access the conference call either through the web link https://join.broaddata.com/?id=socket-mobile-earnings-call or by dialing (800) 237-1091 (toll-free U.S.) or (848) 488-9280 (toll).

Socket Mobile (NASDAQ: SCKT) has secured $1.5 million through a subordinated convertible note financing. The notes have a 3-year term maturing on May 30, 2028, with a 10% interest rate payable quarterly. Noteholders can convert the principal into company shares at $1.07 per share or request repayment after May 30, 2026. The financing is secured by company assets and subordinated to Western Alliance Bank debts. Key participants include company insiders such as Chairman Charlie Bass, CEO Kevin Mills, CFO Lynn Zhao, and other executives. The funds will be used to boost working capital balances.

Socket Mobile has launched the DuraScan D764, positioning it as the world's smallest, lightest, and most affordable Direct Part Mark (DPM) barcode scanner. This innovative device is specifically designed for scanning permanent markings etched directly onto components in industries like healthcare, manufacturing, automotive, and electronics.

The D764 excels at reading DPM codes applied through various methods including dot peen, laser etching, and chemical etching on different surfaces. It features wireless Bluetooth connectivity for seamless pairing with iPhones, iPads, and other mobile devices, eliminating the need for cables.

Key features include:

• Compatibility with both DPM and standard 1D/2D barcodes
• Durable construction for daily industrial use
• Integration with Socket Mobile's CaptureSDK
• MSRP of $999

The product will be available through distribution partners in June, offering businesses a portable solution for component verification and asset tracking in challenging environments.

Socket Mobile (NASDAQ: SCKT) reported Q1 2025 financial results showing significant revenue decline. Revenue dropped 20% year-over-year to $4.0 million from $5.0 million, and decreased 18% sequentially from $4.8 million.

Key financial metrics include:

• Gross margin of 50.4% vs 50.3% in prior year
• Operating expenses of $2.9 million
• Operating loss of $0.9 million vs $0.5 million loss year-over-year
• Cash balance decreased to $1.7 million from $2.5 million in December 2024

The company began shipping new XtremeScan products, marking its entry into the industrial barcode market. Socket Mobile also launched the XtremeScan iXG and iXS Series, integrated with iPhone 16e, targeting the $27 billion mobile handheld computing market.

Socket Mobile (NASDAQ: SCKT) has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025, after market close. The company, a leading provider of data capture and delivery solutions, will host a conference call to discuss the quarterly results at 5 p.m. Eastern Time (2 p.m. Pacific Time) on the same day.

Interested parties can access the conference call either through the provided online link at https://join.broaddata.com/?id=socket-mobile-earnings-call or by dialing toll-free (800) 237-1091 from within the U.S., or (848) 488-9280 for toll calls.

Socket Mobile (NASDAQ: SCKT) has announced its entry into the $27 billion mobile handheld computing market with the launch of XtremeScan™ iXG and iXS Series, powered by iOS 18.3. The market is projected to reach $40 billion by 2034.

The new series includes two models: the compact iXS963 ($1,847) and the ergonomic pistol grip iXG963 ($1,947). Both devices feature a factory-new iPhone 16e integration, military-grade durability, and advanced scanning capabilities that can read 1D/2D barcodes from up to 46 feet away.

The devices are compatible with Socket Mobile's CaptureSDK and are designed for industrial environments, combining rugged performance with iOS functionality. The company expects these products to positively impact revenue by Q4.

Socket Mobile (NASDAQ: SCKT) reported its Q4 and full-year 2024 financial results. Q4 revenue reached $4.8M, up 10% YoY and 25% QoQ, with a gross margin of 51.0%. The company posted a Q4 operating loss of $411K, improving from $476K loss year ago.

Full-year 2024 revenue increased 10.2% to $18.8M, with a gross margin of 50.4%. Annual operating loss improved to $2.5M from $3.1M in 2023. The company expanded its product lineup with new XtremeScan Mag devices and launched S320, their first countertop QR Code Payment Reader. Socket Mobile also introduced Alfred, an AI-powered developer support tool, and updated their CaptureSDK for iOS 18 compatibility.

Socket Mobile (NASDAQ: SCKT) has announced compatibility of its industrial scanning solutions, XtremeScan and DuraSled families, with the new iPhone 16e. The integration enables robust data capture capabilities for industrial environments, including warehousing, logistics, and manufacturing sectors.

The XtremeScan line offers industrial-grade protection against water, dust, and drops, while DuraSled provides one-handed scanning functionality with protective sled case design. Both product families are fully compatible with Socket Mobile's CaptureSDK, allowing seamless integration with existing applications.

The iPhone 16e, featuring extended battery life and enhanced drop resistance, combined with Socket Mobile's scanning solutions, creates comprehensive data capture tools for demanding work environments. This compatibility enables businesses to leverage iOS platform benefits while ensuring durability and performance in industrial settings.