Socket Mobile Reports Q2 2025 Financial Results

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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 enhance productivity in the workplace, today announced its financial results, reported in accordance with U.S. Generally Accepted Accounting Principles (GAAP), for the three- and six-month periods ended 30 June 2025.

Q2 2025 Financial Highlights:

• Revenue was $4.04 million, a decrease of 20% compared with $5.08 million for the same quarter last year, and a 2% rise from the $4.0 million recorded in Q1 2025.
• Gross margin stood at 49.9%, down from 50.9% a year ago and 50.4% in the previous quarter.
• Operating expenses were reduced to $2.7 million, down from $3.1 million in Q2 2024 and $2.9 million in Q1 2025.
• Operating loss was $677,000, compared with a $535,000 loss last year and $894,000 in Q1 2025.
• Cash as of 30 June 2025 was approximately $2.6 million, an increase from $1.7 million on 31 March 2025, following a $1.5 million secured subordinated convertible note completed in May. This balance also slightly exceeded the $2.5 million reported at 31 December 2024.

"We continued to experience soft revenue throughout Q2 due to a slower overall pace," said Kevin Mills, President and CEO. "Concerns over potential tariffs also significantly reduced distributor orders, which led to a noticeable fall in Q2 bookings and shipment volumes.

We expect these pressures to persist during the remainder of the year. To address them, we raised $1.5 million through a secured subordinated convertible note and implemented cost reduction measures, including a cut in operating expenses, to help us manage through this environment.

Despite the wider market challenges, our new XtremeScan products have been positively received by initial customers and are attracting growing interest," he continued. "The XtremeScan range integrates with iOS devices, helping frontline workers to collect data more accurately, respond more swiftly, and carry out vital tasks with greater confidence and precision.

We look forward to providing further detail about our product strategy and revenue growth plans in our upcoming conference call," Mr Mills concluded.

Conference Call

Socket Mobile’s management will host a conference call today at 2:00 PM Pacific Time (5:00 PM Eastern) to discuss the company’s quarterly results and business outlook. To join the live call, please use the conference link or dial (800) 237-1091 toll-free in the United States or (848) 488-9280 (standard charges apply).

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These statements may relate to forthcoming mobile computing and data collection products, including the timing, distribution, and anticipated market response, and may also include projections relating to trends, sales, and opportunities in the markets served by the company. These statements are subject to risks and uncertainties, and actual results may differ materially from those forecast. Such risks include potential delays or failures in product rollout due to technical, financial, or market challenges; insufficient market adoption or support; lack of engagement from channel partners or application providers; and general business conditions. Further 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.

© 2025, Socket Mobile, Inc. All rights reserved.

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