Socket Mobile Q3 revenue $3.9M (+21% YoY); operating loss $1.0M; CEO notes slower product eval.

SOCKET MOBILE, INC.

2024-Q3 EPS reported -$0.30 revenue$13,931,531

Revenue $3.9M, up 21% YoY but down 24% sequentially from $5.1M in Q2.
Gross margin 49% vs 44.2% YoY; operating loss $1.0M improved from $1.4M YoY but up from $0.5M prior qtr.
Cash $2.9M at Sep 30; completed $1.0M convertible note financing in August 2024.
CEO Kevin Mills cited lower-than-projected Q3 revenue and slower new product evaluation.
CaptureSDK and barcode scanners compatible with iOS 18; XtremeScan compatible with iPhone 16.

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.