Socket Mobile Q2 2025 Financial Results

SEC Filing 8-K (0000944075-25-000052)

Socket Mobile, Inc. reported its financial results for the second quarter of 2025, showing a revenue of $4.04 million, a 20% decrease compared to the same period in 2024. The company experienced a gross margin of 49.9%, down from 50.9% in the prior year. Operating expenses decreased to $2.7 million, resulting in an operating loss of $677,000. The cash balance improved to $2.6 million, up from $1.7 million at the end of the first quarter, due to a $1.5 million secured subordinated convertible note financing completed in May. CEO Kevin Mills attributed the weaker revenue trends to slower run rates and reduced purchases from distributors due to tariff concerns. The company has implemented cost-saving measures and remains optimistic about its new XtremeScan products.