Socket Mobile ( (SCKT) ) has released its Q2 earnings. Here is a breakdown of the information Socket Mobile presented to its investors.
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Socket Mobile, Inc., headquartered in Fremont, California, is a prominent provider of data capture and delivery solutions aimed at enhancing workplace productivity across various sectors such as specialty retail, field service, and manufacturing.
In its second quarter of 2025, Socket Mobile reported a revenue of $4.04 million, marking a 20% decrease from the same period last year. Despite this decline, the company managed a slight sequential revenue increase from the previous quarter.
Key financial metrics revealed a gross margin of 49.9%, a slight dip from the previous year’s 50.9%. Operating expenses were reduced to $2.7 million, down from $3.1 million in the prior year, contributing to a narrowed operating loss of $677,000 compared to $894,000 in the preceding quarter. The company also bolstered its cash reserves to $2.6 million, aided by a $1.5 million financing initiative.
Despite facing challenges such as reduced distributor purchases due to tariff concerns, Socket Mobile’s new XtremeScan products have shown promising initial reception. These products, designed for use with iOS devices, aim to enhance data capture efficiency for frontline workers.
Looking ahead, Socket Mobile anticipates continued market headwinds but remains optimistic about its new product initiatives and strategic measures to drive future revenue growth.