Earnings Releases·Nov 4, 2026, 4:13 PM ET

Socket Mobile — Third Quarter 2026 Earnings Summary

Q3 2026 revenue rose 9% year-over-year to $3.4 million and 12% sequentially to $3.0 million, while net loss narrowed to $789,000 ($0.09/share) from $1.198 million ($0.15/share) in the prior year period.
Gross margin improved to 48.6% for the quarter, and operating expenses declined 12% sequentially and 10% year-over-year to $2.3 million, contributing to a reduced operating loss of $643,000.
Strategic partnerships expanded with 3Eye Technologies for Apple-based workflows and Orda for enterprise dining solutions, supporting revenue growth in specialty retail, field service, and manufacturing markets.
Management expects to maintain cost management initiatives and focus on operational efficiency to stabilize revenue and expand commercial opportunities through the remainder of the year.
Balance sheet adjustments include a cash balance of $1.4 million, a reduction in subordinated convertible notes to $200,000, and an increase in short-term related-party borrowings to $425,000.