Quarterly ResultNov 4, 2026, 04:22 PM
Socket Mobile Q3 Revenue Up 9% YoY to $3.4M; Loss Narrows
AI Summary
Socket Mobile, Inc. reported its financial results for the third quarter and nine months ended September 30, 2026. The company saw a 9% year-over-year increase in revenue to $3.4 million for the third quarter, along with improved gross margins and reduced operating expenses, leading to a narrowed operating loss. The company also highlighted strategic partnerships and ongoing cost management initiatives. The cash balance was approximately $1.4 million at the end of the quarter.
Key Highlights
- Socket Mobile reported Q3 2026 revenue of $3.4 million, a 9% increase year-over-year and a 12% sequential increase.
- Gross margin improved to 48.6% in Q3 2026 from 47.7% in Q3 2025.
- Operating expenses decreased to $2.3 million in Q3 2026 from $2.5 million in Q3 2025.
- Operating loss narrowed to $643,000 in Q3 2026 from $1,058,000 in Q3 2025.
- Net loss for Q3 2026 was $789,000, or $0.09 per share, compared to a net loss of $1,198,000, or $0.15 per share, in Q3 2025.
- Cash balance stood at approximately $1.4 million as of September 30, 2026.
Price Impact
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