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WKN: A0RBSN | ISIN: US83368E2000 | Ticker-Symbol: SNB1
Frankfurt
01.08.25 | 08:12
0,960 Euro
-4,95 % -0,050
Branche
Telekom
Aktienmarkt
Sonstige
1-Jahres-Chart
SOCKET MOBILE INC Chart 1 Jahr
5-Tage-Chart
SOCKET MOBILE INC 5-Tage-Chart
RealtimeGeldBriefZeit
0,9400,98001.08.
0,8950,99001.08.
PR Newswire
254 Leser
Artikel bewerten:
(1)

Socket Mobile, Inc.: Socket Mobile Reports Second Quarter 2025 Results

FREMONT, Calif., July 31, 2025 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and six months ended June 30, 2025.

Second Quarter 2025 Financial Highlights:

  • Revenue of $4.04 million, reflecting a 20% decrease compared to $5.08 million for the prior year's quarter, and a 2% sequential increase compared to $4.0 million for the preceding quarter.

  • Gross margin of 49.9% versus 50.9% in the prior year's quarter and 50.4% in the preceding quarter.

  • Operating expenses of $2.7 million, compared to $3.1 million in the prior year period and $2.9 million in the preceding quarter.

  • Operating loss amounted to $677,000, compared to a $535,000 loss in the prior year's quarter, and a loss of $894,000 in the preceding quarter.

  • Cash balance as of June 30, 2025, was approximately $2.6 million, up from $1.7 million at March 31, 2025, due to the $1.5 million secured subordinated convertible note financing completed in May. The June 30 balance was also slightly higher than the $2.5 million reported at December 31, 2024

"We continued to experience weaker revenue trends throughout Q2, driven by a slower run rate," said Kevin Mills, President, and Chief Executive Officer. "Additionally, concerns around potential tariffs led to significantly reduced purchases from our distributors. This resulted in a notable decline in bookings in Q2 2025, which in turn impacted our gross shipments."

"We expect these headwinds to persist through the remainder of the year. In response, we raised $1.5 million through a secured subordinated convertible note financing and implemented cost-saving measures, including reductions in operating expenses, to help navigate this challenging period."

"Despite the broader market challenges, our new XtremeScan products have been well received by initial customers and are gaining broader interest," he continued. "The XtremeScan products are being used in conjunction with iOS devices to enable frontline workers to capture data more precisely, respond more decisively, and execute critical tasks with greater speed and confidence."

"We look forward to sharing more details about our new product initiatives and strategies to drive revenue growth during our upcoming conference call," concluded Mr. Mills.

Conference Call
Management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future. To join the live conference, please use the conference link https://join.broaddata.com/?id=socket-mobile-earnings-call or dial (800) 237-1091 toll-free from within the U.S. or (848) 488-9280 (toll).

About Socket Mobile, Inc.
Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn, X, and keep up with our latest News and Updates.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computer and data collection products, including details on the timing, distribution, and market acceptance of the products, and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.

Socket Mobile Investor Contact:

Lynn Zhao

Chief Financial Officer

510-933-3016

[email protected]

Socket Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.

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

- Financial tables to follow -

Socket Mobile, Inc.

Condensed Summary Statements of Operations (Unaudited)

(Amounts in thousands except per share amounts)





Three months ended June 30,

Six months ended June 30,


2025

2024

2025

2024

Revenue

$ 4,042

$ 5,081

$ 8,008

$ 10,059

Cost of revenue

2,024

2,497

3,992

4,970

Gross margin

2,018

2,584

4,016

5,089

Gross margin percent

49.9 %

50.9 %

50.2 %

50.6 %

Research & development

1,101

1,232

2,233

2,440

Sales & marketing

1,025

1,154

2,131

2,185

General & administrative

569

733

1,223

1,484

Total operating expenses

2,695

3,119

5,587

6,109

Operating loss

(677)

(535)

(1,571)

(1,020)

Interest expense, net

(115)

(73)

(215)

(145)

Income tax benefit (expense)

--

--

--

--

Net loss

$ (792)

$ (608)

$ (1,786)

$ (1,165)

Net loss per share:





Basic

$ (0.10)

$ (0.08)

$ (0.23)

$ (0.16)

Fully diluted

$ (0.10)

$ (0.08)

$ (0.23)

$ (0.16)

Weighted average shares outstanding:

Basic

Fully diluted

7,937

7,937

7,572

7,572

7,884

7,884

7,511

7,511

Socket Mobile, Inc.

Condensed Summary Balance Sheets

(Amounts in Thousands)





(Unaudited)

June 30, 2025

December 31,
2024*

Cash

$ 2,605

$ 2,492

Accounts receivable

1,772

1,588

Inventories

4,844

4,942

Deferred costs on shipments to distributors

Other current assets

145

574

143

431

Property and equipment, net

2,358

2,787

Deferred tax assets

10,663

10,663

Intangible assets, net

1,369

1,432

Operating leases right-of-use assets

2,349

2,604

Other long-term assets

286

264

Total assets

$ 26,965

$ 27,346

Accounts payable and accrued liabilities

$ 1,850

$ 1,977

Subordinated convertible notes payable, net of discount

400

150

Subordinated convertible notes payable, net of discount-related party

5,076

3,818

Deferred revenue on shipments to distributors

374

392

Deferred service revenue
Operating lease liabilities

30

2,559

31

2,817

Total liabilities

$ 10,289

$ 9,185

Common stock

69,675

69,374

Accumulated deficit

(51,961)

(50,175)

Treasury stock

(1,038)

(1,038)

Total equity

$ 16,676

$ 18,161

Total liabilities and equity

$ 26,965

$ 27,346

*Derived from audited financial statements.

SOURCE Socket Mobile, Inc.

© 2025 PR Newswire
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