Core Viewpoint - Socket Mobile, Inc. reported a decline in revenue for Q1 2025, attributed to weaker demand both domestically and internationally compared to the same period last year. However, the company has begun shipping new XtremeScan products, marking a significant step into the industrial barcode market valued at $27 billion [3][4]. Financial Performance - Revenue for Q1 2025 was $3.966 million, a 20% decrease from $4.978 million in Q1 2024 and an 18% sequential decrease from $4.8 million in the previous quarter [7]. - Gross margin was 50.4%, slightly up from 50.3% in the prior year's quarter but down from 51% in the preceding quarter [7]. - Operating expenses totaled $2.892 million, down from $2.990 million in the prior year [7]. - The operating loss was $0.894 million, compared to a loss of $0.485 million in the prior year's quarter [7]. - Cash balances decreased to approximately $1.707 million from $2.492 million as of December 31, 2024 [7]. Product Development - The company launched the XtremeScan iXG and iXS Series, which are integrated with iOS 18.3 and designed to function as handheld computers with advanced barcode scanning capabilities [3]. - These new products aim to enhance data capture and operational efficiency for frontline workers [3]. Market Strategy - The company is actively monitoring the tariff landscape and its potential impact on supply chain and cost structure, indicating a commitment to strategic sourcing and pricing adjustments [4]. - Future strategies and product developments will be discussed in an upcoming conference call [4].