| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.03 | 18.1% | 25.0% |
| Total Income | 3.03 | 18.1% | 25.0% |
| Expenditure | 4.23 | 5.2% | 10.4% |
| PBT | — | ||
| Net Profit | -1.35 | 50.0% | 70.9% |
| OPM | -39.41% | 18.88pp | 22.65pp |
| NPM | -44.39% | 20.08pp | 24.79pp |
| EPS | -0.16 | 45.5% | 60.0% |
Socket Mobile Reports Second Quarter 2026 Results
31 Jul 2026 · 31 Jul, 2:23 am
Summary
Socket Mobile reported second quarter 2026 revenue of $3.0 million, a 25% decrease year-over-year and an 18% sequential decrease. Gross margin declined to 46.4% from 49.9% in the prior year's quarter. The company incurred an operating loss of $1,195,000, widening from the $677,000 loss in the prior year period. Management cited continued challenges in the retail market and emphasized a focus on supporting customers, executing strategic priorities, and managing expenses.
Key Highlights
- 1
Revenue for the second quarter of 2026 was $3.0 million, a 25% decrease compared to $4.0 million in the prior year's quarter.
- 2
Revenue experienced an 18% sequential decrease, falling to $3.0 million from $3.7 million in the preceding quarter.
- 3
Gross margin for Q2 2026 was 46.4%, down from 49.9% in the prior year's quarter and 51.3% in the preceding quarter.
- 4
Operating expenses were $2.6 million in the second quarter of 2026, a decrease from $2.7 million in both the prior year period and the preceding quarter.
- 5
The company reported an operating loss of $1,195,000 for Q2 2026, compared to a loss of $677,000 in the prior year's quarter.
- 6
Cash balance as of June 30, 2026, stood at approximately $1.6 million, a slight decrease from $1.7 million at March 31, 2026.
Management Comments
Dave Holmes
Our second-quarter results reflect the continued challenges in the retail market. While market conditions remain uncertain, we continue to focus on supporting our customers, executing our strategic priorities, and managing our business with financial discipline. We expect our cost management initiatives to continue throughout the remainder of the year as we align our operating expenses with current business conditions while maintaining our ability to support future growth opportunities.
Informational and educational content only. Not investment advice.