SOCKET MOBILE, INC. 1Q 2026: Revenue $3.7M, EPS $(0.11) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Socket Mobile, Inc. reported Q1 2026 results with revenue of $3.7M, a net loss of $0.9M, and diluted EPS of $(0.11). This reflects a 6.7% decline in revenue from $3.97M in Q1 2025, although the net loss improved slightly from $(0.99M) and EPS improved from $(0.13). The revenue drop was attributed to weaker demand, while operational efficiency improved with a gross margin of 51.3%. Inventory decreased, but accounts receivable rose due to increased shipments, leading to an operating cash outflow.
Socket Mobile, Inc. reported first-quarter 2026 results with revenue of $3.7M, a net loss of $0.9M and diluted EPS of $(0.11), compared with revenue of $3.97M, a net loss of $0.99M and diluted EPS of $(0.13) in the year-ago quarter.
Financial Highlights
- Revenue was $3.70M for Q1 2026, down from $3.97M in Q1 2025 ( (6.7%)).
- Net income (loss) was a loss of $0.90M for Q1 2026, versus a loss of $0.99M in Q1 2025 (improvement of $0.09M).
- Diluted EPS was $(0.11) for Q1 2026, versus $(0.13) in Q1 2025 (improved $0.02 per share).
Business Highlights
- Revenue trend: Q1 2026 revenues fell about 7% year-over-year to roughly $3.7M, driven by weaker domestic and international demand.
- Channel & product mix: Continued two-tier distribution with growth in app-provider integrations and expanded online store availability.
- Brand & product momentum: Marketed and launched products in the XtremeScan, SocketCam, DuraScan, SocketScan and DuraSled families targeting industrial and BYOD segments.
- Operational efficiency: Gross margin improved to 51.3% while R&D and sales & marketing expenses declined through headcount reductions and cost controls.
- Inventory & cash flow: Inventory decreased but accounts receivable rose late in the quarter from increased shipments, contributing to an operating cash outflow.
Original SEC Filing: SOCKET MOBILE, INC. [ SCKT ] - 10-Q - May. 13, 2026