Socket Mobile Q2 revenue $4.04M (-20% YoY); operating loss $677K; cash boosted by $1.5M convertible note

SOCKET MOBILE, INC.

2025-Q2 EPS reported -$0.23 revenue$8,007,659

Revenue $4.04M, down 20% YoY from $5.08M; up 2% sequentially from $4.0M.
Gross margin 49.9% vs 50.9% YoY; operating loss $677K vs $535K loss a year ago.
Cash balance $2.6M at June 30, up from $1.7M at March 31 after $1.5M convertible note financing.
CEO cites weaker trends & tariff concerns reducing distributor purchases; expects headwinds to persist.
Raised $1.5M through secured subordinated convertible note; implemented cost-saving measures.

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