The XtremeScan v16e industrial line is available now on the Socket Mobile website and through global distribution partners beginning in Q1 2026. Pricing varies by configuration. Media Contact: David Holmes [email protected] SOURCE Socket Mobile, Inc. "The new XtremeScan v16e line reflects our commitment to listening to our customers and evolving alongside their real-world needs," said Dave Holmes, Chief Business Officer at Socket Mobile. "Teams told us they needed better ergonomics, longer battery life, and ...

Core Insights - Socket Mobile, Inc. has launched the DuraScan D751, a durable NFC/RFID contactless reader and writer designed for mobile use across various industries [1][2]. Product Features - The D751 offers advanced NFC/RFID capabilities in a compact and rugged design, ensuring reliable data capture and tag writing in demanding environments [2][3]. - It supports MIFARE, FeliCa, and other high-frequency tag types, enabling applications such as identity verification, ticketing, secure access control, inventory updates, and asset tracking [3][4]. - The device is compatible with iOS, Android, and Windows devices via Bluetooth LE, allowing for contactless scanning and updates in various work settings [4]. Market Positioning - The D751 is positioned as a solution for mobile teams needing accurate, real-time information to enhance efficiency and decision-making [4]. - It is fully compatible with existing applications using Socket Mobile's CaptureSDK, allowing for immediate evaluation without additional work [5]. Availability and Pricing - The DuraScan D751 is available for purchase on the Socket Mobile website, with a manufacturer's suggested retail price (MSRP) of $349, and will be distributed through partners starting January 2026 [5].

Revenue Performance - Total revenues for Q3 2025 were approximately $3.1 million, a 20% decline from $3.9 million in the same period last year[99] - For the nine-month period, revenue decreased by 20.2% to approximately $11.1 million from $13.9 million in the prior year[99] Profitability Metrics - Gross profit margin on sales reached 47.7% in Q3 2025, down from 49% in the same period last year[100] Expense Management - Research and development expenses for Q3 2025 were approximately $1.0 million, a decrease of 12% compared to $1.2 million in the same period last year[101] - Sales and marketing expenses for Q3 2025 were approximately $0.9 million, representing a 17% decrease from $1.1 million in the same period last year[102] - General and administrative expenses for Q3 2025 were approximately $0.58 million, a decrease of 10% compared to $0.64 million in the same period last year[103] - The company anticipates a slight increase in general and administrative expenses for the remainder of the year[102] Cash Flow Analysis - Net cash used in operating activities was approximately $1.6 million in the first nine months of 2025, compared to $434,000 in the same period of 2024[107] - In the first nine months of 2025, net cash used in operating activities was approximately $513,000, primarily due to operating lease payments and a reduction in accrued payroll expenses[108] - In the first nine months of 2024, net cash used in operating activities was approximately $120,000, primarily due to operating lease payments, partially offset by a release of cash from reduced accounts receivable[109] - Net cash provided by financing activities was approximately $1.5 million in the first nine months of 2025, compared to approximately $1.0 million in the same period of 2024[111] Financial Obligations - Total contractual obligations as of September 30, 2025, amounted to $6,033,000, with $4,030,000 due within one year[114] - The company has no off-balance sheet arrangements as of September 30, 2025[115] - The company has a bank credit line facility with a capacity of up to $3.0 million, with interest rates based on the lender's prime rate plus 0.75%[116] Foreign Currency Risk - An adverse change of 10% in foreign exchange rates would have increased the net loss for the third quarter of 2025 by approximately $48,700[117] - The actual net adjustment for foreign currency changes in the third quarter of 2025 resulted in a net loss of approximately $840[117] - The company will continue to monitor and assess risks related to foreign currency fluctuations[117] Interest Expense - Interest expense, net of interest income, for Q3 2025 was approximately $140,000, compared to $84,000 in the same period last year[104]

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Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $3.1 million, a decrease of 20% compared to Q3 2024, and a 23% sequential decline from $4 million in Q2 2025 [4][11] - Q3 expenses were $2.5 million, which is 16% lower than the $2.9 million reported in Q3 2024 [4][11] - Operating loss for Q3 was $1.1 million, similar to the loss reported in Q3 2024 [4][12] - Gross margin for Q3 was 47.7%, down from 49% in Q3 2024 and 49.9% in Q2 2025 [11] - Adjusted EBITDA for Q3 was a loss of $540,000, compared to a loss of $510,000 in Q3 2024 [12] - Cash totaled $2 million as of September 30, down from $2.6 million at June 30 [12] Business Line Data and Key Metrics Changes - Sales to end users via distributors remained stable compared to Q2, which is seen as a positive sign amid challenging market conditions [11] - The company successfully delivered CaptureSDK 2.0, which supports new Bluetooth Low Energy products and is compatible with existing devices [5] Market Data and Key Metrics Changes - The company is seeing interest from various sectors, including warehousing, logistics, manufacturing, mining, energy, and construction, with initial rollouts from multiple Fortune 50 companies [8][9] - The rigidized scanning market is large, and the company expects continued momentum in this space [9] Company Strategy and Development Direction - The company is focusing on expanding into industrial scanning and handheld computing markets, diversifying its business beyond retail [8][9] - Investments are being made in DuraSlate and XtremeScan product lines, which are designed for iPhone, to open new customer segments [9][10] - The company aims to become a more complete data capture company by extending its reach and diversifying its customer base [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that Q3 was a difficult quarter with lower-than-expected revenue due to weaker sales from distribution partners [4] - The company expects Q4 to be EBITDA neutral and is looking forward to a stronger 2026 [7] Other Important Information - The company is managing inventory levels to avoid excess stock in a slower demand environment, with inventory net of reserves at $4.7 million as of September 30 [12][13] Q&A Session Summary Question: Will the company need to do any more convertible debt soon? - Management stated there are currently no plans to issue convertible debt and believes they can reach profitable operating levels if they get through Q4 at EBITDA neutral [16] Question: Is there enough cash to avoid raising more funds? - Management confirmed that they believe they have enough cash going forward and do not anticipate needing to raise additional funds [17]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $3.1 million, a decrease of 20% compared to Q3 2024, and down 23% sequentially from $4 million in Q2 2025 [4][11] - Operating expenses were $2.5 million, 16% lower than $2.9 million in Q3 2024 [4][12] - Gross margin for the quarter was 47.7%, down from 49% in Q3 2024 and 49.9% in Q2 2025 [11] - Operating loss was $1.1 million, similar to the loss reported in Q3 2024 [4][12] - Adjusted EBITDA for Q3 was a loss of $540,000 compared to a loss of $510,000 in Q3 2024 [12] - Cash totaled $2 million as of September 30, down from $2.6 million at June 30 [12] Business Line Data and Key Metrics Changes - Sales to distribution partners were weaker than expected, leading to lower revenue [4] - Sales out to end users via distributors remained stable compared to Q2, which is seen as a positive sign [11] Market Data and Key Metrics Changes - The company is seeing interest from various sectors, including warehousing, logistics, manufacturing, mining, energy, and construction [8][9] - The rigidized scanning market is large, and the company expects momentum to continue building in this space [9] Company Strategy and Development Direction - The company is focusing on expansion into industrial scanning and handheld computing markets [8] - Continued investment in DuraSlate and XtremeScan product lines designed for iPhone [9] - The company aims to diversify its business beyond retail and expand its addressable market [9] Management Comments on Operating Environment and Future Outlook - Management acknowledged Q3 as a difficult quarter with lower-than-expected revenue [4] - The company expects Q4 to be EBITDA neutral and looks forward to a stronger 2026 [6] - Management is optimistic about securing Apple-related opportunities, which could deliver substantial long-term benefits [6] Other Important Information - CaptureSDK 2.0 was delivered, supporting new Bluetooth Low Energy products and compatible with existing devices [5] - The company is managing inventory levels to avoid excess stock in a slower demand environment [12] Q&A Session Summary Question: Will the company need to do any more convertible debt soon? - Management stated there are currently no plans for convertible debt and believes they can get through Q4 at EBITDA neutral [16] Question: Is there enough cash to avoid raising more funds? - Management confirmed that they believe they have enough cash going forward and do not anticipate needing to raise more [17]

Financial Data and Key Metrics Changes - Revenue for Q3 was $3,100,000, a decrease of 20% compared to Q3 2024, and down 23% sequentially from $4,000,000 in Q2 2025 [3][13] - Q3 expenses were $2,500,000, which is 16% lower than the $2,900,000 in Q3 2024 [3][14] - Operating loss was $1,100,000, similar to the loss reported in Q3 2024 [3][14] - Gross margin for the quarter was 47.7%, down from 49% in Q3 2024 and 49.9% in Q2 2025 [14] - Adjusted EBITDA for Q3 was a loss of $540,000 compared to a loss of $510,000 in Q3 2024 [15] - Cash totaled $2,000,000 as of September 30, down from $2,600,000 at June 30 [16] Business Line Data and Key Metrics Changes - Sales to distribution partners were weaker than expected, leading to lower revenue [4] - The company successfully delivered Capture SDK 2.0, which supports new Bluetooth low energy products and is compatible with existing devices [5] Market Data and Key Metrics Changes - The company is seeing interest from various sectors, including warehousing, logistics, manufacturing, mining, energy, and construction [9][10] - Initial rollouts in the industrial scanning market have been successful, with ongoing projects expected to continue into 2026 and beyond [10] Company Strategy and Development Direction - The company is focusing on expanding into the industrial scanning and handheld computing markets [9] - Continued investment in product lines designed for iPhone, which is expected to open new customer segments [11] - The strategy includes managing expenses tightly while pursuing opportunities related to Apple products [6] Management's Comments on Operating Environment and Future Outlook - Management noted that Q3 was a difficult quarter with uncertainty causing delays and cancellations of projects [4] - The expectation for Q4 is to be EBITDA neutral, with a stronger outlook for 2026 [6] Other Important Information - The company is managing inventory levels to avoid excess stock in a slower demand environment [16] Q&A Session Summary Question: Will the company need to do any more convertible debt soon? - Management stated there are currently no plans to do convertible debt and believes they can achieve profitable operating levels if they get through Q4 at EBITDA neutral [20][21] Question: Is there enough cash to move forward without raising more? - Management confirmed that there is enough cash to proceed without the need for additional fundraising [21]

Financial Performance - Revenue for Q3 2025 was $3.1 million, a 20% decrease from $3.9 million in Q3 2024 and a 23% sequential decrease from $4.0 million in Q2 2025[6] - Gross margin decreased to 47.7% compared to 49.0% in the prior year's quarter and 49.9% in the preceding quarter[6] - Operating expenses were reduced by 13% year-over-year to $2.5 million, down from $2.9 million in Q3 2024, and decreased by 6% from $2.7 million in Q2 2025[6] - The operating loss for Q3 2025 was $1,058,000, compared to a loss of $1,031,000 in Q3 2024 and a loss of $677,000 in Q2 2025[6] - Cash balance as of September 30, 2025, was approximately $2.0 million, down from $2.6 million at June 30, 2025[6] - Total assets decreased to $25.645 million as of September 30, 2025, from $27.346 million at December 31, 2024[16] - The accumulated deficit increased to $53.159 million as of September 30, 2025, compared to $50.175 million at December 31, 2024[16] Strategic Initiatives - The company is committed to investing in new and existing products for the industrial market to drive long-term revenue growth[5] - Management noted that steady sales-out from distributors and lower channel inventory levels indicate a potential need for inventory replenishment[4] - The company plans to share more details about new product initiatives and strategies to drive revenue growth in an upcoming conference call[5]

Core Insights - Socket Mobile, Inc. reported a revenue of $3.1 million for Q3 2025, reflecting a 20% decrease year-over-year and a 23% sequential decrease [7][10] - The company experienced a gross margin of 47.7%, down from 49.0% in the prior year's quarter [7][10] - Operating expenses were reduced by 13% compared to Q3 2024, amounting to $2.5 million [3][7] Financial Performance - Revenue for the three months ended September 30, 2025, was $3.1 million, compared to $3.9 million in the same quarter last year and $4.0 million in the previous quarter [7][10] - Gross margin decreased to 47.7% from 49.0% year-over-year and 49.9% sequentially [7][10] - Operating loss for the quarter was $1,058,000, slightly higher than the loss of $1,031,000 in the prior year's quarter [7][10] Cost Management - The company implemented cost-saving measures leading to a 13% reduction in operating expenses compared to Q3 2024 and a 6% decrease from the previous quarter [3][7] - Total operating expenses for Q3 2025 were $2.5 million, down from $2.9 million in the prior year [7][10] Market Conditions - The company noted that Q3 is traditionally a slower quarter, but sales-out to end users remained steady compared to Q2 2025 [3] - Delays in deployment deals were attributed to customers' cautious spending and focus on cash preservation [3] Future Outlook - Management expressed optimism about the need for distributors to replenish inventory due to steady sales-out and lower channel inventory levels [3] - The company remains committed to investing in new and existing products for the industrial market to drive long-term revenue growth [4]

Financial Performance - Total revenues for Q2 2025 were approximately $4.04 million, reflecting a 20% decline compared to $5.08 million in Q2 2024[89] - Gross profit margin on sales reached 49.9% in Q2 2025, slightly lower from 50.9% in the same period last year[90] - The net loss for the first half of 2025 was approximately $1,786,000, up from a net loss of $1,165,000 in the first half of 2024, indicating a year-over-year increase of 53.3%[98] Expenses - Research and development expenses were approximately $1,101,000 in Q2 2025, reflecting an 11% decrease compared to $1,232,000 in Q2 2024[91] - Sales and marketing expenses totaled approximately $1,025,000 in Q2 2025, reflecting an 11% decrease compared to $1,154,000 in the same quarter last year[92] - General and administrative expenses were approximately $569,000 in Q2 2025, reflecting a 22% decrease from approximately $733,000 in Q2 2024[93] - Interest expense, net of interest income, was approximately $115,000 in Q2 2025 compared to $72,000 in Q2 2024[94] Cash Flow - Net cash used in operating activities was approximately $1,197,000 in the first half of 2025, compared to $638,000 in the same period of 2024, reflecting an increase of 87.6%[98] - Net cash provided by financing activities was $1,500,000 in the first half of 2025, a significant increase from $24,000 in the same period of 2024[100] - Changes in operating assets and liabilities resulted in net cash used in operating activities of approximately $657,000 in the first half of 2025[98] Assets and Liabilities - Deferred tax asset as of June 30, 2025, was valued at $10,663,419, up from $10,112,419 as of June 30, 2024[96] - Total contractual obligations as of June 30, 2025, amounted to $5,697,000, with $3,456,000 due within one year[103] - The company has no off-balance sheet arrangements as of June 30, 2025[104] Foreign Exchange Impact - An adverse change of 10% in foreign exchange rates would have resulted in a decrease in net income of approximately $48,400 for the second quarter of 2025[106] - The actual net adjustment for foreign currency effects in the second quarter of 2025 was a gain of approximately $30,000[106] Product and Services - The company’s products are integrated into mobile applications across various sectors, including POS, logistics, and healthcare[78] - The company offers a Software Developer Kit (CaptureSDK) to facilitate integration of data capture capabilities into applications[85] Investments - The company invested approximately $189,000 in leasehold improvements and software development in the first half of 2025, compared to $168,000 in the same period of 2024, representing a 12.5% increase[99] Borrowing Capacity - Borrowings under bank credit line facilities provide up to $3.0 million in capacity, with interest rates subject to a minimum of 4.25% plus 0.75%[105]