| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.70 | 6.8% |
| Total Income | 3.70 | 6.8% |
| Expenditure | 4.46 | 8.2% |
| PBT | — | |
| Net Profit | -0.90 | 9.1% |
| OPM | -20.53% | 2.00pp |
| NPM | -24.31% | 0.76pp |
| EPS | -0.11 | 15.4% |
Socket Mobile Reports Q1 2026 Results: Revenue of $3.7 Million
06 May 2026 · 6 May, 1:45 am
Summary
Socket Mobile reported a decrease in revenue for Q1 2026, with $3.7 million compared to $4.0 million in the prior year. The gross margin increased slightly to 51.3% from 50.4%. The company experienced an operating loss of $0.8 million, an improvement from the $0.9 million loss in the prior year. Management remains focused on factors within their control, streamlining costs and launching new products, supported by a recent $0.5 million financing.
Key Highlights
- 1
Socket Mobile reported revenue of $3.7 million for Q1 2026, a 7% decrease from $4.0 million in the prior-year quarter.
- 2
The company's gross margin was 51.3% compared with 50.4% in the prior-year quarter.
- 3
Operating expenses decreased by 8% to $2.7 million from $2.9 million in the prior-year quarter.
- 4
Socket Mobile reported an operating loss of $0.8 million, compared to $0.9 million in the prior-year quarter.
- 5
The company completed a $0.5 million secured subordinated convertible note financing to strengthen its working capital position on March 27, 2026.
- 6
Native support for the SocketScan S721 and S741 barcode scanners was launched on the Shopify platform in Q1.
- 7
Industrial scanning solutions, such as the XtremeScan and DuraSled families, designed for the new iPhone 17e were introduced.
Management Comments
Kevin Mills
"We recognized that our first-quarter results fell short of expectations, reflecting broader customer caution and delayed spending," said Kevin Mills, President and CEO. "That said, we remain focused on the factors within our control. Our operational resilience remains strong. We have streamlined our cost structure while launching several critical products, including the S721 and our iPhone 17e solutions. In addition, the recent $0.5 million financing provides us with the runway needed to support ongoing operations and bridge to new high-value enterprise opportunities." "Looking ahead, we remain committed to delivering reliable, high-quality data capture solutions that help our customers improve productivity, streamline operations, and stay competitive in dynamic markets. We look forward to sharing further updates during our upcoming conference call,” Mills concluded.
Informational and educational content only. Not investment advice.