SOCKET MOBILE, INC. Q2 2026: Revenue $3.03M, EPS $(0.16) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Socket Mobile, Inc. reported Q2 2026 results with revenue of $3.03M, a 25% year-over-year decline driven by weakness in the retail scanning market. The company posted a net loss of $1.35M and diluted EPS of $(0.16), worsening from the prior year. Despite cost-reduction measures, manufacturing underutilization increased gross costs. Socket Mobile maintains its two-tier distribution strategy and expanded product lines targeting industrial and BYOD segments.
Socket Mobile, Inc. reported second-quarter 2026 results with revenue of $3.03M, a 25% decline from $4.04M in the year‑ago quarter, and a net loss of $1.35M. Diluted loss per share was $(0.16) versus $(0.10) in the prior-year quarter.
Financial Highlights
- Revenue was $3.03M for Q2 2026, down from $4.04M in the year‑ago quarter (−25% YoY).
- Net income: Net loss $1.35M for Q2 2026, versus net loss $0.79M in the year‑ago quarter (worse YoY).
- Diluted earnings per share: $(0.16) for Q2 2026, versus $(0.10) in the year‑ago quarter (more negative YoY).
Business Highlights
- Total revenue declined 25% Q2 YoY and 16% year‑to‑date, driven by weakness in the retail scanning market.
- Maintains two‑tier distribution strategy with growth in app‑provider integrations and online reseller sales.
- Expanded product lines, including XtremeScan, SocketCam, DuraScan, SocketScan and DuraSled, targeting industrial and BYOD segments.
- Cost‑reduction measures lowered R&D and sales & marketing spending, while manufacturing underutilization increased gross costs.
- Developer and technology support broadened through CaptureSDK and SocketCam across iOS, Android, Windows and major frameworks.
Original SEC Filing: SOCKET MOBILE, INC. [ SCKT ] - 10-Q - Aug. 13, 2026