Socket Mobile Q1 revenue $3.7M (-7% YoY); operating loss $0.8M; $0.5M note closed

SOCKET MOBILE, INC.

2026-Q1 EPS reported -$0.11 revenue$3,700,309

Revenue $3.7M, down 7% from $4.0M in Q1 2025 and Q4 2025.
Gross margin improved to 51.3% from 50.4% a year ago.
Operating loss $0.8M vs $0.9M in prior-year quarter; operating expenses down 8% YoY.
Completed $0.5M secured subordinated convertible note financing on March 27, 2026.
CEO cites customer caution and delayed spending; new products launched (S721, iPhone 17e).

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