Socket Mobile IncSCKT
▼ NegativeDemandrelevance
Retail scanning weakness drove Q2 revenue down to $3M from $3.9M.
Impact on stocks 1
Information Technology
Socket Mobile IncSocket Mobile Q2 Revenue Falls to $3 Million on Retail Weakness
Earnings
Socket Mobile reported second-quarter 2026 revenue of $3 million, down from $3.9 million a year earlier, as weakness in its retail scanning business weighed on results. Gross margin narrowed to 46.4% from 49.9% in the prior-year quarter, reflecting underutilization of manufacturing capacity, while operating expenses declined to $2.6 million from $2.7 million after selective headcount reductions. The operating loss widened to $1.2 million from $687,000, and adjusted EBITDA swung to a loss of approximately $745,000 from a loss of $100,000. The company is cutting costs, implementing artificial intelligence across the organization, and shifting focus to the industrial scanning market, which accounted for 10% of total second-quarter revenue.
Socket Mobile IncRetail scanning weakness drove Q2 revenue down to $3M from $3.9M.