SCKT
Socket Mobile, Inc.1.1700
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
9.33MP/E (TTM)
-Basic EPS (TTM)
-0.38Dividend Yield
0%Recent Filings
8-K
Q3 revenue drops 20%
Socket Mobile reported Q3 2025 revenue of $3.1 million, down 20% from $3.9 million a year ago, amid slower distributor bookings and delayed deployments in a cautious market. Gross margins slipped to 47.7%, while operating expenses fell 13% to $2.5 million through cost cuts, yielding a $1.1 million net loss. Sales-out to end users held steady. Cash dipped to $2.0 million.
10-Q
Q2 FY2025 results
Socket Mobile's Q2 revenue fell 20% y/y to $4.0M, with gross margins dipping to 49.9% from 50.9%, yet operating expenses dropped 14% to $2.7M on cost controls. The operating loss widened to $677K from $535K, while net loss climbed to $792K, driven by higher interest expense on subordinated convertible notes. YTD revenue declined 20% to $8.0M, with net loss at $1.8M and diluted EPS of $(0.23) on 7.9M shares, consistent with no dilution from anti-dilutive options and notes. Cash held steady at $2.6M, bolstered by $1.5M in new note proceeds, while the $3M bank line remains undrawn with covenants met. No free cash flow disclosed in the 10-Q. Recent tariffs threaten supply chain costs from China-sourced components.
8-K
Notes maturity extended two years
Socket Mobile extended its $1.53 million secured subordinated convertible notes by two years, pushing the maturity from August 30, 2025, to August 30, 2027, via an agreement effective July 31, 2025, with holders including insiders like Chairman Charlie Bass and CEO Kevin Mills. All other terms stay intact, with no defaults noted. This buys time amid ongoing operations. Board approval came from disinterested directors.
8-K
Q2 revenue falls 20%
Socket Mobile reported Q2 2025 revenue of $4.04 million, down 20% from $5.08 million a year ago, amid weaker trends and tariff concerns that slashed distributor purchases. Operating expenses dropped to $2.7 million, narrowing the operating loss to $677,000 from $535,000 last year, bolstered by a $1.5 million convertible note raise. Headwinds persist, yet new XtremeScan products gain traction. Cash climbed to $2.6 million.
8-K
Annual meeting approvals secured
Socket Mobile's stockholders overwhelmingly approved the election of six directors—Charlie Bass, Kevin J. Mills, Bill Parnell, Ivan Lazarev, Lynn Zhao, and Felix Marx—at the June 4, 2025, annual meeting, with votes for ranging from 3.9 million to 4.1 million amid minimal opposition. They also endorsed executive compensation policies by 91.3% and ratified Sadler, Gibb & Associates as auditors for fiscal 2025 with 94.3% support. Quorum hit 68.1% of 9.1 million shares. Continuity locked in.
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