Socket Mobile Reports Second Quarter 2025 Results

Core Viewpoint - Socket Mobile, Inc. reported weaker revenue trends in Q2 2025, primarily due to a slower run rate and reduced distributor purchases amid tariff concerns, leading to a significant decline in bookings and gross shipments [3][6]. Financial Performance - Revenue for Q2 2025 was $4.04 million, a 20% decrease from $5.08 million in Q2 2024, but a 2% sequential increase from $4.0 million in Q1 2025 [6][9]. - Gross margin was 49.9%, down from 50.9% in the prior year's quarter and 50.4% in the preceding quarter [6][9]. - Operating expenses decreased to $2.7 million from $3.1 million in the prior year period and $2.9 million in the preceding quarter [6][9]. - The operating loss was $677,000, compared to a loss of $535,000 in Q2 2024 and a loss of $894,000 in Q1 2025 [6][9]. - The net loss for Q2 2025 was $792,000, compared to a net loss of $608,000 in Q2 2024 [6][9]. Cash Position - As of June 30, 2025, the cash balance was approximately $2.6 million, an increase from $1.7 million at March 31, 2025, attributed to $1.5 million raised through secured subordinated convertible note financing [6][10]. Product Development - The new XtremeScan products have received positive feedback from initial customers and are gaining broader interest, aimed at enhancing data capture for frontline workers using iOS devices [3][5]. Future Outlook - The company anticipates ongoing headwinds for the remainder of the year and has implemented cost-saving measures to navigate the challenging environment [3][6].