Socket Mobile Q2 revenue falls 15% YoY to $5.1M; operating loss of $292K

SOCKET MOBILE, INC.

2023-Q2 EPS reported -$0.18 revenue$9,429,335

Revenue $5.1M, down 15% YoY from $6.0M, up 19% sequentially from $4.3M.
Gross margin 51.8% improved from 50.2% YoY and 48.1% sequentially.
Operating loss $292K vs operating income $189K in prior year; operating loss $955K in Q1 2023.
Raised $1.6M via secured subordinated convertible note; cash $3.4M at June 30 vs $3.0M at March 31.
CEO cites retail sector weakness; new wearable scanner DuraScan Wear DW930 and FeliCa certification for S550.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOCKET MOBILE, INC. reported Second Quarter 2023 results: revenue $5.1 million.

Period: Second Quarter 2023
Revenue: $5.1 million
Result: reported results

Exact text from the filing

Revenue decreased 15% to $5.1 million, compared to $6.0 million in the prior-year quarter

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

SOCKET MOBILE, INC. filing history →

Source: SEC EDGAR

accession 0000944075-23-000061

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.