Socket Mobile Reports Second Quarter 2026 Results

FREMONT, Calif., July 30, 2026 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and six months ended June 30, 2026.

* Revenue of $3.0 million, reflecting a 25% decrease compared to $4.0 million for the prior year's quarter, and an 18% sequential decrease compared to $3.7 million for the preceding quarter. * Gross margin of 46.4% versus 49.9% in the prior year's quarter and 51.3% in the preceding quarter. * Operating expenses of $2.6 million, compared to $2.7 million in the prior year period and the preceding quarter. * Operating loss amounted to $1,195,000, compared to a $677,000 loss in the prior year's quarter, and a loss of $760,000 in the preceding quarter. * Cash balance as of June 30, 2026, was approximately $1.6 million, slightly lower from $1.7 million at March 31, 2026. "Our second-quarter results reflect the continued challenges in the retail market," said Dave Holmes, President and Chief Executive Officer. "While market conditions remain uncertain, we continue to focus on supporting our customers, executing our strategic priorities, and managing our business with financial discipline. We expect our cost management initiatives to continue throughout the remainder of the year as we align our operating expenses with current business conditions while maintaining our ability to support future growth opportunities."