secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000944075-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile Q1 net loss $993K; revenue $4.3M down 32% YoY
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- Revenue $4.3M, down from $6.3M in Q1 2022 and $5.2M in Q4 2022.
- GAAP net loss $993K vs net income $342K in prior-year quarter.
- Gross margin 48.1% vs 49.7% a year ago; cash $2.96M (down from $3.62M).
- Distribution inventory adjustments expected to continue through Q2 2023.
- Launched SocketCam C860 (paid upgrade, recurring revenue) and DuraSled for iPhone 14.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407523000030/0000944075-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407523000030/form-8k0427.htm
  HTML page:      https://secwatch.observer/filing/0000944075-23-000030

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