Socket Mobile FY26 Q2 net loss widens to USD 1.35 million; revenue drops 25% to USD 3 million year over year
SCKT•Q2 results
- Socket Mobile posted Q2 GAAP revenue of USD 3.0 million, down 25% year over year and down 18% sequentially.
- Operating loss widened to USD 1.2 million; net loss widened to USD 1.35 million, equal to a loss per share of USD 0.16.
- Gross margin fell 3.5 percentage points to 46.4% from a year earlier.
- Cash totaled about USD 1.6 million at June 30, down from about USD 1.7 million at March 31.
- CEO Dave Holmes cited continued challenges in the retail market; cost management initiatives are expected to continue through year-end.
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