Quarterly ResultJul 30, 2026, 04:53 PM
Socket Mobile Q2 2026 Revenue $3.0M, Net Loss $(1.3M), EPS $(0.16)
AI Summary
Socket Mobile, Inc. reported its second quarter 2026 financial results, showing a significant decline in revenue and increased losses. Revenue decreased by 25% year-over-year to $3.0 million, while the net loss widened to $(1.3) million. The company attributed these results to continued challenges in the retail market and is focusing on cost management initiatives.
Key Highlights
- Revenue for Q2 2026 was $3.0 million, a 25% decrease from $4.0 million in Q2 2025.
- Gross margin was 46.4% in Q2 2026, down from 49.9% in the prior year's quarter.
- Operating expenses were $2.6 million, slightly down from $2.7 million in Q2 2025.
- Operating loss amounted to $(1,195) thousand, compared to a $(677) thousand loss in Q2 2025.
- Net loss for Q2 2026 was $(1,346) thousand, compared to $(792) thousand in Q2 2025.
- Basic net loss per share was $(0.16) in Q2 2026, versus $(0.10) in Q2 2025.
- Cash balance as of June 30, 2026, was approximately $1.6 million.
Price Impact
More from SCKT