secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000944075-24-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile Q2 revenue $5.08M, operating loss widens 84% YoY to $535K
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- Revenue $5.08M, down 0.7% YoY but up 2.1% sequentially from $4.98M in Q1 2024.
- Gross margin 50.9% vs 51.8% a year ago; operating loss $535K, up from $292K in Q2 2023.
- Cash balance $2.1M at June 30, 2024, down from $2.8M at year-end 2023 and prior quarter.
- CEO cites weak specialty retail sector; pushing new products like SocketCam C860 and rugged scanners.
- No forward guidance provided; conference call scheduled for 2 PM Pacific today.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000050/0000944075-24-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000050/form-8k0731.htm
  HTML page:      https://secwatch.observer/filing/0000944075-24-000050

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