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Socket Mobile (SCKT) investor relations material
Socket Mobile Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $3.1 million, down 20% year-over-year and 23% sequentially from Q2, due to weaker sales to distribution partners, slower distributor bookings, and delayed customer deployments.
Operating loss for Q3 2025 was $1.06 million, similar to Q3 2024, as cost controls and a 13% reduction in operating expenses offset some revenue decline.
Net loss for Q3 2025 was $1.2 million, with diluted loss per share of $0.15, unchanged from Q3 2024.
CaptureSDK 2.0 was launched, supporting new Bluetooth Low Energy products and simplifying integration for application partners.
Expansion into industrial scanning and handheld computing markets is gaining traction, with initial orders from Fortune 50 companies and new enterprise customers.
Financial highlights
Gross margin for Q3 2025 was 47.7%, down from 49% in Q3 2024 and 49.9% in Q2 2025, mainly due to fixed overhead on lower revenue.
Operating expenses for Q3 2025 were $2.5 million, down from $2.9 million in Q3 2024 and $2.7 million in Q2 2025.
Adjusted EBITDA loss was $540,000, compared to a $510,000 loss in Q3 2024 and $100,000 loss in Q2 2025.
Cash at quarter-end was $2.0 million, down from $2.6 million at June 30 and $2.5 million at December 31, 2024.
Nine-month revenue was $11.1 million, down from $13.9 million in the prior year period.
Outlook and guidance
Q4 is expected to be EBITDA neutral, with a stronger 2026 anticipated as new products and market expansion take hold.
Management expects distributors to replenish inventory soon due to lower channel inventory levels.
No plans for additional convertible debt or cash raises, with current resources expected to be sufficient if Q4 is EBITDA neutral.
Management anticipates a slight increase in general and administrative expenses for the remainder of the year.
Cautious customer spending and delayed deployments are expected to continue impacting revenue.
- TimeTickerHeadlineOpen
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Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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