Socket Mobile (NasdaqCM:SCKT) Q3 2025 Earnings Call October 22, 2025 05:00 PM ET Company ParticipantsLynn Zhao - CFOKevin Mills - CEODave Holmes - Chief Business OfficerConference Call ParticipantsNone - AnalystOperatorGood day, everyone, and welcome to the Socket Mobile, Inc. Q3 2025 earnings call. My name is Elvis, and I'll be your operator for today's call. Before we begin, I'd like to remind everyone that this conference call may contain forward-looking statements within the meaning of Section 27A of th ...

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]

Socket Mobile (NasdaqCM:SCKT) Q3 2025 Earnings Call October 22, 2025 05:00 PM ET Speaker0Good day, everyone, and welcome to the Socket Mobile Incorporated Q3 twenty twenty five Earnings Call. My name is Elvis, and I'll be your operator for today's call. Before we begin, I'd like to remind everyone that this conference call may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities and Exchange Act of 1934 as amended. Su ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $4 million, a decrease of 20% compared to Q1 2024, which was $5 million [4][18] - Gross margin for Q1 2025 was 50.4%, slightly down from 51% in Q1 2024 [4][18] - Operating loss for Q1 2025 was $900,000, compared to a loss of $500,000 in Q1 2024 [4][18] - Adjusted EBITDA loss for Q1 2025 was $485,000, down from a positive EBITDA of $40,000 in Q1 2024 [18] - Diluted loss per share in Q1 2025 was $0.13, compared to $0.07 in Q1 2024 [18] Business Line Data and Key Metrics Changes - The industrial segment showed initial positive signs, with increased interest from various sectors including warehousing, logistics, and manufacturing [5][10] - The company launched the Xtreme iXG and iXS Series, entering the $27 billion mobile handheld computing market [12][14] Market Data and Key Metrics Changes - The company sources approximately 30% of materials from Mexico, 20% from Taiwan, and 10% from China, indicating a significant international supply chain [6][7] - Retail business is expected to remain stable until market conditions improve, while industrial business is anticipated to grow primarily in the U.S. [8][5] Company Strategy and Development Direction - The company aims to diversify its business beyond retail by expanding into the ruggedized scanning market [11][12] - Investments in customer and developer experience are expected to enhance partnerships and broaden the customer base [15] Management's Comments on Operating Environment and Future Outlook - Management noted that uncertainty in the market has hindered deployments and routine business, impacting revenue [5] - The company anticipates achieving positive EBITDA results for Q2 and profitable operating levels in the second half of the year [9] Other Important Information - The company ended Q1 2025 with a cash balance of $1.7 million and renewed a $3 million domestic bank credit line [19] Q&A Session Summary - There were no questions during the Q&A session [20]

Socket Mobile (SCKT) Q1 2025 Earnings Call April 24, 2025 05:00 PM ET Company Participants Kevin Mills - President and CEODave Holmes - Chief Business OfficerLynn Zhao - CFO, VP of Finance & Administration, Secretary and Management Director Operator Welcome to Socket Mobile Inc. Q1 twenty twenty five Earnings Call. My name is Paul, and I will be your operator for today's call. Before we begin, I'd like to remind everyone that this conference call may contain forward looking statements within the meaning of ...