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]