Socket Mobile Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined 7% year-over-year to $3.7 million, but gross margin improved to 51.3%. New product launches and industrial segment growth are expected to drive diversification and future revenue, despite ongoing market caution and operational losses.
Fiscal Year 2025
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Q4 revenue declined 18% year-over-year but rose 28% sequentially, with gross margins holding steady amid challenging conditions. New product launches and enterprise engagement, including a feature in Apple's Connected Worker Series, position the company for future growth.
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Q3 2025 revenue fell 20% year-over-year to $3.1 million, with a $1.1 million operating loss as cost controls offset some weakness. Expansion into industrial markets and the launch of CaptureSDK 2.0 are expected to drive future growth, with no plans for new debt.
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Q2 2025 revenue fell 20% year-over-year to $4 million, with gross margin steady at 50% and an operating loss of $700,000. Industrial market expansion is progressing, but project delays and a soft outlook have shifted guidance to EBITDA neutrality for the second half of 2025.
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Q1 revenue declined 20% year-over-year to $4 million, with margins slightly lower and a wider operating loss. Early growth in the industrial segment and new product launches offer optimism, while retail remains weak amid market uncertainty.
Fiscal Year 2024
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Revenue grew 10% year-over-year to $18.8M in 2024, with gross margin at 50.4% and operating loss narrowing. XtremeScan products for industrial markets saw strong interest, with deployments expected in 2025. No cash raise planned for 2025.
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Q3 revenue grew 21% year-over-year to $3.9 million, but declined sequentially. Losses narrowed, and new industrial and camera-based products are gaining traction. Profitability is expected in 2025 as new product deployments ramp up.
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Q2 2024 revenue was $5.1 million, nearly flat year-over-year, with gross margin at 50.9% and a net loss of $608,000. New product launches and software initiatives are expected to drive recurring revenue and growth in late 2024 and 2025.