Socket Mobile reports Q4 2024 revenue up 10% YoY to $4.8M; annual operating loss narrows to $2.5M

SOCKET MOBILE, INC.

2024-FY EPS reported -$0.30 revenue$18,762,520

Q4 2024 revenue $4.8M (+10% YoY, +25% sequential); gross margin 51.0%; operating loss $411k.
Full year 2024 revenue $18.8M (+10.2% YoY); gross margin 50.4%; net loss per share ($0.30) vs ($0.27) in 2023.
Launched XtremeScan Mag devices (XS630/640, XG630/640) and S320 countertop QR Code Payment Reader during 2024.
CEO cites retail POS growth but notes warehousing/logistics adoption slower than expected.
New AI-powered developer portal 'Alfred' introduced to provide 24/7 multilingual support.

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