secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000944075-22-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile Q3 revenue down 41% YoY to $3.7M, net loss $874K
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- Revenue $3.7M vs $6.3M YoY; gross margin 44.4% vs 54.2%.
- GAAP net loss $874K vs net income $644K in prior-year quarter.
- Distributor sell-through $4.8M, 30% above reported revenue, indicating inventory destocking.
- Operating expenses $2.6M vs $2.5M YoY.
- Management expects current weak environment to continue through remainder of year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407522000062/0000944075-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407522000062/form-8k1027.htm
  HTML page:      https://secwatch.observer/filing/0000944075-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer