Socket Mobile Reports Third Quarter and Nine Months 2026 Results
Key Highlights
- ➤Q3 revenue $3.4 million, up 9% year over year and 12% sequentially
- ➤Q3 gross margin 48.6%, up from 47.7% year over year
- ➤Q3 operating expenses $2.3 million, down 10% year over year
- ➤Q3 operating loss narrowed to $643,000 from $1.058 million
- ➤Nine-month revenue $10.121 million, down from $11.115 million year over year
Expert Statements
Dave Holmes, President and Chief Executive Officer of Socket Mobile
“Our third-quarter results reflect progress in stabilizing revenue while executing our cost management initiatives”
Dave Holmes, President and Chief Executive Officer of Socket Mobile
“Revenue increased 12% sequentially from the second quarter and 9% compared with the prior-year quarter, reflecting improved performance amid continued market uncertainty.”
Dave Holmes, President and Chief Executive Officer of Socket Mobile
“At the same time, we continued to align our cost structure with business conditions, reducing operating expenses by 12% from the prior quarter and 10% year over year.”
Dave Holmes, President and Chief Executive Officer of Socket Mobile
“These results reflect our ongoing focus on operational efficiency and financial discipline while maintaining our ability to support customers and pursue future growth opportunities.”
Socket Mobile Reports Third Quarter and Nine Months 2026 Results PR Newswire
FREMONT, Calif., Nov. 4, 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 nine months ended September 30, 2026.
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