Socket Mobile Q2 2025 Results Released

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FREMONT, Calif., 31 July 2025 – Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to boost workplace productivity, has announced its financial results, prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP), for the three and six months ended 30 June 2025.

Q2 2025 Financial Highlights:

Revenue came in at $4.04 million, down 20% from $5.08 million in the same quarter last year, but up 2% from $4.0 million in Q1.
Gross margin was 49.9%, compared with 50.9% a year ago and 50.4% in the prior quarter.
Operating expenses were $2.7 million, compared to $3.1 million a year earlier and $2.9 million in the previous quarter.
Operating loss totalled $677,000, compared to a loss of $535,000 in the same quarter last year and $894,000 in the previous quarter.
As of 30 June 2025, cash stood at approximately $2.6 million, up from $1.7 million on 31 March 2025, thanks to the $1.5 million secured subordinated convertible note financing completed in May. The June balance also exceeded the $2.5 million reported at 31 December 2024.

"We saw continued softness in revenue throughout Q2 due to a slower run rate," said Kevin Mills, President and CEO. "On top of that, concerns over potential tariffs led to a sharp drop in distributor purchases. This significantly impacted bookings and overall shipments in the second quarter of 2025.

We anticipate these headwinds will remain for the rest of the year. In response, we raised $1.5 million through a secured subordinated convertible note and implemented cost-saving measures, including cuts in operating expenses, to help weather the storm.

Despite the broader challenges, our new XtremeScan products have received a warm reception from early users and are generating wider interest," he continued. "The XtremeScan scanners are designed for use with iOS devices, enabling frontline workers to capture data more accurately, make quicker decisions, and carry out critical tasks with more confidence and efficiency.

We look forward to sharing further updates on our new product strategy and revenue growth plans during the upcoming conference call," Mr Mills concluded.

Conference Call

Socket Mobile management will host a conference call today at 2:00 PM Pacific (5:00 PM Eastern) to discuss quarterly results and provide future guidance. To join the live call, click the conference link or dial (800) 237-1091 toll-free in the U.S. or (848) 488-9280 (standard rates apply).

Forward-Looking Statements

This press release contains forward-looking statements under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended. These include, but are not limited to, statements about the launch, distribution, and market reception of new mobile computing and data capture products, as well as projections on sales, market conditions, and growth opportunities. These statements are subject to various risks and uncertainties, and actual results may differ materially from those expressed or implied. Factors include potential delays or failure to launch products due to technology, market, or financing limitations (including access to working capital), lack of market acceptance, and inability of partners or distribution channels to sell the products effectively. More detail can be found in the company’s latest filings with the U.S. Securities and Exchange Commission on Forms 10-K and 10-Q.

Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
lynn@socketmobile.com

Socket Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names mentioned are the property of their respective holders.

– Financial tables follow –

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