Business
Socket Mobile Reports First Quarter 2026 Results
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 months ended March 31, 2026.
About this update from Socket Mobile, Inc.
[{"type":"text","content":"FREMONT, Calif., May 5, 2026 /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 months ended March 31, 2026.","length":371,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Socket Mobile, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Socket Mobile, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":160,"url":"https://media.zenfs.com/en/prnewswire.com/c84d5622996731f82a1942b00aa1f706"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/K_7qMU_LZX5jb9f4dCaJhQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI4Mg--/https://media.zenfs.com/en/prnewswire.com/c84d5622996731f82a1942b00aa1f706","width":400,"height":160}},"href":"https://mma.prnewswire.com/media/1018921/Socket_Mobile_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter 2026 Financial Highlights: ","length":40,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $3.7 million, a 7% decrease from $4.0 million in both the prior-year quarter and Q4 2025.","length":100,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin of 51.3% compared with 50.4% in the prior-year quarter and 50.2% in the preceding quarter.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating expenses of $2.7 million, an 8% decrease from $2.9 million in the prior-year quarter, but a 3% increase from $2.6 million in Q4 2025.","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating loss of $0.8 million, compared to $0.9 million in the prior-year quarter and $0.6 million in the preceding quarter.","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"On March 27, 2026, the company completed a $0.5 million secured subordinated convertible note financing to strengthen its working capital position and support ongoing innovation.","length":178,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":649,"olType":false},{"type":"text","content":""We recognized that our first-quarter results fell short of expectations, reflecting broader customer caution and delayed spending,&qu...