Why is SCKT Stock Down Today?
AI-generated explanation by Rhea-AI, written on at . How Rhea-AI works. Not financial advice.
What Changed
Price Move History
- Daily moves over 5%
- 57 252 sessions, October 27, 2025 to October 27, 2026
- Largest daily move
- +451.7% close of August 10, 2026
- 1-year change
- -45.5% closing prices, October 27, 2025 to October 27, 2026
- 1-month change
- +7% closing prices, September 25, 2026 to October 27, 2026
Company Description
Socket Mobile, Inc. (NASDAQ: SCKT) is a data capture and delivery company in the electronic computer manufacturing industry. According to its public disclosures, the company focuses on solutions that enhance workplace productivity and workforce mobilization by pairing cordless hardware devices with mobile applications. Socket Mobile is headquartered in Fremont, California and operates within the manufacturing sector.
The company states that its revenue is primarily driven by the deployment of third-party, barcode-enabled mobile applications that integrate Socket Mobile cordless barcode scanners and contactless readers/writers. These applications serve markets such as specialty retail, field service, digital ID, transportation, and manufacturing. Socket Mobile also reports that it works with a large network of developers who use its software tools to embed data capture capabilities into their mobile apps.
Core Products and Solutions
Socket Mobile produces a range of barcode scanners and NFC/RFID readers and writers designed for mobile use. Its product lines highlighted in recent announcements include:
- SocketScan S721 – a handheld Bluetooth barcode scanner described as a next-generation device for businesses using Square iOS applications and other mobile point-of-sale platforms. It is designed for point-of-sale environments and other mobile data capture workflows.
- DuraScan Terminal line (DT841 and DT862) – scanning terminals optimized around the Apple iPhone 16e. These devices provide 1D/2D barcode scanning in ruggedized housings intended for mobile workers who need durability and reliable scanning in fast-moving environments.
- XtremeScan v16e industrial scanners – industrial-grade barcode scanners built around the iPhone 16e, with redesigned housing, ergonomics, and scanning options for warehousing, logistics, manufacturing, field operations, and other demanding settings.
- DuraScan D751 – a durable, portable NFC/RFID contactless reader and writer aimed at mobile use in sectors such as hospitality, commercial services, and transportation and logistics.
- SocketScan S370 and S550 – mobile readers approved by the Japanese government as certified My Number Card readers, used for digital ID and government service access in Japan.
Across these products, Socket Mobile emphasizes Bluetooth Low Energy connectivity, mobile form factors, and designs that support continuous handheld use. Many devices are described as suitable for use with iPhones, iPads, and other Bluetooth-enabled mobile devices.
Software and Developer Ecosystem
A key element of Socket Mobile’s business model is its CaptureSDK software platform. The company describes CaptureSDK as a developer toolkit that enables mobile applications to integrate sophisticated data capture from Socket Mobile devices. Thousands of developers are reported to use these tools to add barcode scanning and contactless reading/writing to their apps.
With the launch of CaptureSDK 2.0, Socket Mobile highlights a unified platform that supports both existing devices and future products built on Bluetooth Low Energy technology. CaptureSDK 2.0 is described as providing faster connections, quicker integration, and more reliable operation, while maintaining compatibility with a large installed base of Socket Mobile scanners. The company notes that CaptureSDK is already used in applications on platforms such as Shopify and Square, among other business applications.
End-Market Focus and Use Cases
Socket Mobile’s disclosures point to a focus on application-driven workflows. The company states that mobile applications in specialty retail, field service, digital ID, transportation, and manufacturing are primary revenue drivers. Its devices are described as being used for:
- Mobile point of sale in retail and service environments
- Inventory management and asset tracking
- Ticketing and access control
- Delivery verification and field service tasks
- Digital identity and credential verification, including national ID programs such as Japan’s My Number Card
The company also notes that its XtremeScan products are used with iOS devices to help frontline workers capture data more precisely and execute tasks more efficiently in industrial and field environments.
Geographic and Regulatory Context
Socket Mobile trades on the NASDAQ under the symbol SCKT. In its financial communications, the company references global distribution partners and developer communities, and highlights specific regulatory recognition in Japan, where its S370 and S550 readers are approved as official My Number Card readers by the Japanese government’s Digital Agency. This approval places Socket Mobile devices on the country’s official list of eligible devices for accessing government services through the My Number Card program.
Financial Reporting and Public Company Status
Socket Mobile files periodic reports and current reports with the U.S. Securities and Exchange Commission. Recent Form 8-K filings reference press releases reporting quarterly results, including revenue, gross margin, operating expenses, and net loss figures for specific quarters. These filings indicate that the company continues to operate as a public issuer and to report under U.S. GAAP.
Position in Data Capture and Digital ID
In its own descriptions, Socket Mobile characterizes itself as a provider of data capture and delivery solutions for workforce mobilization. It highlights participation in digital identity initiatives, noting that its readers are aligned with international standards for mobile driver’s licenses and identity credentials, and that it is positioned in the digital ID and mobile credential reader space. The company emphasizes compatibility with mobile wallets and use cases that involve identity authentication, payment, and digital credential handling.
Developer and Partner Relationships
Socket Mobile states that it has a network of thousands of developers using CaptureSDK, and that many third-party business applications already support its devices. It notes that application providers who integrate CaptureSDK can offer consistent data capture performance and allow end users to choose among different Socket Mobile devices according to their workflow needs. The company also references relationships with application ecosystems such as Square, Shopify, and other business platforms where its scanners are integrated.
Stock Performance
Socket Mobile New (SCKT) closed at $0.5164 on October 27, 2026. Over the past 12 months, the price has lost 45.5%.
SCKT Metrics & Rankings
Price returns through October 27, 2026. Month-to-date and YTD include the first trading day. Ranking links may use different dates.
Latest News
Socket Mobile New has 10 recent news articles, with the latest published today. Of the recent coverage, 2 articles coincided with positive price movement and 6 with negative movement. Key topics include partnership, management, earnings, conferences. View all SCKT news →
SEC Filings
Socket Mobile New has filed 10 recent SEC filings, including 6 Form 4, 2 Form 8-K, 1 Form 3, 1 Form 10-Q. The most recent filing was submitted on October 27, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all SCKT SEC filings →
Insider Radar
Insider selling at Socket Mobile New over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.
Financial Highlights
Socket Mobile New generated $15.1M in revenue in FY2025, retaining a 49.7% gross margin, operating income reached -$3.2M (-21.3% operating margin), and net income was -$14.4M, reflecting a -95.4% net profit margin. Diluted earnings per share stood at -$1.81. The company generated -$1.2M in operating cash flow. The current ratio was 1.02, measuring current assets divided by current liabilities.
Upcoming Events
Nasdaq trading end
OTC quotation begins
Repayment demand eligibility
Note maturity
Note maturity
Socket Mobile New has 5 upcoming scheduled events. The next event, "Nasdaq trading end", is scheduled for November 18, 2026 (in 22 days). 3 of them are financing or capital events, such as a dividend or a debt maturity. Investors can track these dates to stay informed about potential catalysts that may affect the SCKT stock price.
Short Interest History
Short interest in Socket Mobile New (SCKT) currently stands at 45.5 thousand shares, up 36.8% from the previous reporting period, representing 0.8% of the float. Since October 2025, short interest has increased by 705.7%.
Days to Cover History
Days to cover for Socket Mobile New (SCKT) currently stands at 1.0 days. The ratio is the reported short interest divided by the average daily trading volume. Across the settlements charted above, it has ranged from 1.0 to 2.1 days.
SCKT Company Profile & Sector Positioning
Socket Mobile New (SCKT) operates in the Computer Hardware industry within the broader Technology sector and is listed on the NASDAQ.
Investors comparing SCKT often look at related companies in the same sector, including AGM Group Holdings Inc. (AGMH), Ebang International Holdings Inc. (EBON), BTC Digital Ltd. (BTCT), Transact Technologies Inc (TACT), and ZSPACE INC NEW (ZSPC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate SCKT's relative position within its industry.
Socket Mobile, Inc. (SCKT) shares are trading on the company’s announcement that it plans to leave Nasdaq for OTCID after falling below Nasdaq’s$2.5 million minimum stockholders’ equity requirement.