Socket Mobile (SCKT) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9% YoY and 12% sequentially to $3.388M; cost management reduced operating expenses and narrowed the operating loss.

• Nine-month revenue was $10.121M, down 9% YoY, while net loss was $3.035M.

Financial highlights

• Q3 revenue was $3.388M versus $3.107M YoY; gross profit was $1.648M versus $1.481M.

• Q3 operating expenses were $2.291M versus $2.539M YoY; operating loss narrowed to $643K from $1.058M, and net loss narrowed to $789K from $1.198M.

• Q3 adjusted EBITDA loss was $262K versus $540K YoY and $745K QoQ; diluted loss per share was $0.09 versus $0.15 YoY and $0.16 QoQ.

• Nine-month gross profit was $4.95M versus $5.50M; operating loss was $2.60M versus $2.63M, and net loss was $3.035M versus $2.984M.

• Cash and equivalents were $1.403M at September 30, 2026, versus $2.032M at December 31, 2025; stockholders’ equity was $1.812M versus $4.278M.

Outlook and guidance

• No numerical revenue or earnings guidance was stated; management cited signs of revenue stabilization after lower first-half sales.

• Priorities through year-end include disciplined expense management, revenue stabilization, and expanding enterprise and data-capture opportunities.

• Industrial opportunities include 2026 fulfillment, projects delayed into H1 2027, and newer prospects targeting both halves of 2027; revenue may become more consistent as wins accumulate.

• XtremeScan paired with iPhone 17e targets industrial applications; BYOD was identified as an underserved market with growth potential.