Core Insights - Socket Mobile has launched the SocketScan S721, a next-generation handheld Bluetooth barcode scanner designed for high-performance scanning in point-of-sale environments, expected to replace the S720 model [1][4] Product Features - The S721 utilizes Bluetooth Low Energy (LE) technology for faster pairing, reliable connections, and reduced power consumption, while maintaining a compact and comfortable design [2] - It offers enhanced scanning performance across various barcode types and conditions, making it suitable for retail, inventory management, asset tracking, and mobile data capture applications [4] - The scanner includes a dedicated charging dock for convenient charging at retail counters and service desks [3] Compatibility and Integration - The SocketScan S721 is compatible with the latest versions of Socket Mobile's CaptureSDK, supporting applications like Square Point of Sale, Square Retail, and others [3][5] - The latest CaptureSDK allows for plug-and-play data capture across Socket Mobile's product lineup, providing flexibility for developers and users [5] Availability - The SocketScan S721 is available for preorder on the Socket Mobile website and will start shipping in late January 2026, with free worldwide shipping for orders placed before February 28, 2026 [5]

Core Insights - Socket Mobile, Inc. has launched the DuraScan Terminal line, which includes two portable scanning devices optimized for the Apple iPhone 16e, namely the DT841 and DT862, aimed at enhancing mobile data capture in various work environments [1][6] Product Features - The DuraScan Terminal lineup is designed for modern mobile workers, featuring ruggedized handheld housings that support 1D/2D barcode scanning, drop protection, unrestricted camera access, and full USB-C charging without removing the phone from the case [2] - The DuraScan DT841 offers standard-range scanning capabilities with a range of up to 20 inches, making it suitable for applications like delivery verification and inventory checks [3] - The DuraScan DT862 provides mid-range scanning capabilities of up to 14 feet, targeting mobile professionals in travel, hospitality, and field service [4] - Both models are equipped with rubberized protective housing, all-day battery performance, and ergonomic designs for continuous handheld use, ensuring enterprise-grade scanning reliability [5] Market Positioning - The launch of the DuraScan Terminal line reflects the company's commitment to innovation in mobile data capture, responding to customer demands for lighter and more portable tools without sacrificing performance [6] - The DuraScan models are compatible with Socket Mobile's CaptureSDK, which is supported by over a thousand business applications, allowing for seamless integration and high-performance scanning across various operations [7] Availability - The DuraScan DT841 and DT862 are currently available on the Socket Mobile website and through authorized distribution partners starting in late Q1 2026 [8]

Core Insights - Socket Mobile, Inc. has launched the XtremeScan v16e, an enhanced industrial barcode scanner optimized for the iPhone 16e, featuring improved ergonomics and expanded scanning capabilities [1][2][4] Product Features - The XtremeScan v16e models were developed based on extensive customer feedback from various industries, including warehousing and logistics, and feature a lighter design, higher-capacity battery, and optional pistol grip [2][4] - The design removes the integrated screen protector, allowing direct interaction with the iPhone 16e's touchscreen and full access to its camera system for capturing photos, videos, and barcode data [3][4] - The devices maintain IP67-rated protection against dust and water, support USB-C charging, and feature Bluetooth Low Energy connectivity for reliable pairing [4] Market Positioning - The XtremeScan product family includes a BYOD series for magnetic mounting of various mobile devices and is compatible with Socket Mobile's CaptureSDK, allowing integration with numerous business applications [5] - The XtremeScan v16e line is available for purchase on the Socket Mobile website and through global distribution partners starting in Q1 2026, with pricing varying by configuration [6]

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]