---
schema_version: "secwatch.filing_event.v1"
accession: "0000944075-23-000069"
form_type: "8-K"
ticker: "SCKT"
cik: "0000944075"
company_name: "SOCKET MOBILE, INC."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:34:17.245738+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Socket Mobile Q3 revenue $3.2M, down 14% YoY; operating loss widens to $1.4M

## Summary
- Revenue $3.2M, down 14% from $3.7M YoY and 37% sequentially from $5.1M in Q2 2023.
- Gross margin 44.2% vs 44.4% YoY; operating loss $1.4M compared to $947K in prior-year quarter.
- Cash balance $3.1M at Sept 30, 2023, down from $3.6M at Dec 31, 2022.
- Distributor inventories cut 50% due to market uncertainty; management highlights reseller/end-user sales as better demand gauge.
- Launched XtremeScan product line for iPhone 15 series and C860 camera-based scanner with $5.99 monthly subscription.

## SEC filing metadata
- accession: 0000944075-23-000069
- form_type: 8-K
- ticker: SCKT
- cik: 0000944075
- company_name: SOCKET MOBILE, INC.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/944075/000094407523000069/0000944075-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/944075/000094407523000069/form-8k1027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000944075-23-000069
- JSON: https://secwatch.observer/filing/0000944075-23-000069.json
- Plain text: https://secwatch.observer/filing/0000944075-23-000069.txt

## Key facts
- Earnings Releases
  SOCKET MOBILE, INC. reported the three and nine months ended September 30, 2023 results: revenue $3.2 million.
  - Period: the three and nine months ended September 30, 2023
  - Revenue: $3.2 million
  - Result: reported results
  source text: accounting principles in the United States (“GAAP”) for the three and nine months ended September 30, 2023. Third Quarter 2023 Financial Highlights: • Revenue decreased 14% to $3.2 million, compared to $3.7 million in the prior-year quarter, and decreased by 37% sequentially compared to $5.1 million in Q2 2023. • Gross margin declined to 44.2%, compared to 44.4%
  evidence_url: https://www.sec.gov/Archives/edgar/data/944075/000094407523000069/0000944075-23-000069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.