Highest-materiality recent filing
Socket Mobile removes CEO Kevin Mills, appoints David A. Holmes as President and CEO
Kevin Mills removed as President/CEO on June 8, 2026; placed on paid administrative leave pending termination.
Five directors elected: Charlie Bass, Kevin J. Mills, Bill Parnell, Ivan Lazarev, Lynn Zhao. Mills had more withheld votes (2,335,484) than for (2,170,495).
Socket Mobile receives Nasdaq deficiency notice for bid price below $1.00; 180 days to cure
Closing bid price of common stock (SCKT) below $1.00 for 30 consecutive business days triggered Nasdaq deficiency notice.
Socket Mobile Q1 revenue $3.7M (-7% YoY); operating loss $0.8M; $0.5M note closed
Revenue $3.7M, down 7% from $4.0M in Q1 2025 and Q4 2025.
Socket Mobile closes $500K secured convertible note financing at 10% interest
Financing of $500,000 in secured subordinated convertible notes completed March 27, 2026.
Socket Mobile extends convertible note maturity from 2026 to 2028
Extended maturity of $1.6M secured subordinated convertible notes from May 26, 2026 to May 26, 2028.
Socket Mobile Q4 revenue down 18% YoY; posts net loss of ($1.81) per share for FY 2025
Q4 2025 revenue $4.0M, down 18% from $4.8M in Q4 2024; up 28% sequentially.
Socket Mobile Q3 revenue $3.1M, down 20% YoY; operating loss widens
Revenue of $3.1M, down 20% YoY from $3.9M and 23% sequentially from $4.0M.
Socket Mobile extends $1.53M convertible note maturity from 2025 to 2027
Maturity of Secured Subordinated Convertible Note extended to August 30, 2027 from August 30, 2025.
Revenue $4.04M, down 20% YoY from $5.08M; up 2% sequentially from $4.0M.
Socket Mobile shareholders elect all six director nominees at 2025 annual meeting
All six director nominees elected with votes ranging from ~3.88M to ~4.08M; no withhold majority.
Socket Mobile closes $1.5M secured convertible note financing at 10% interest
$1.5M in 3-year secured subordinated convertible notes due May 30, 2028; proceeds for working capital.
Socket Mobile Q1 revenue falls 20% to $4.0M; operating loss widens to $0.9M
Revenue $4.0M, down 20% YoY from $5.0M and 18% sequentially from $4.8M.
Socket Mobile reports Q4 2024 revenue up 10% YoY to $4.8M; annual operating loss narrows to $2.5M
Q4 2024 revenue $4.8M (+10% YoY, +25% sequential); gross margin 51.0%; operating loss $411k.
Socket Mobile Q3 revenue $3.9M (+21% YoY); operating loss $1.0M; CEO notes slower product eval.
Revenue $3.9M, up 21% YoY but down 24% sequentially from $5.1M in Q2.
Socket Mobile closes $1M secured convertible note; 10% interest, 3-yr term
$1M secured subordinated convertible note closed August 21, 2024, matures August 21, 2027.
Socket Mobile extends exec agreements, appoints new CTO
Extended employment agreements for Dave Holmes (to Mar 2028), Leonard Ott (to Mar 2026), and Lynn Zhao (to Mar 2028).
Socket Mobile appoints Alexis Hartmann to board; brings SaaS expertise
Alexis Hartmann appointed to Socket Mobile board effective August 12, 2024.
Socket Mobile Q2 revenue $5.08M, operating loss widens 84% YoY to $535K
Revenue $5.08M, down 0.7% YoY but up 2.1% sequentially from $4.98M in Q1 2024.
All five director nominees elected: Charlie Bass (3,586,828 votes for), Kevin J. Mills, Bill Parnell, Ivan Lazarev, Lynn Zhao.
Socket Mobile reports Q1 revenue $5.0M (+15% YoY); operating loss narrows to $0.5M
Revenue $5.0M, up 15% YoY from $4.3M and 13% sequentially from $4.4M.
Socket Mobile extends convertible note maturity to August 30, 2025
Secured subordinated convertible note maturity extended from August 30, 2024 to August 30, 2025.
Socket Mobile extends CEO Kevin Mills' employment agreement to March 31, 2026
New employment agreement extends to March 31, 2026; prior agreement expired Sept 30, 2025.
Socket Mobile Q4 rev $4.4M (-15% YoY), EPS $0.08; FY23 rev $17M (-20%)
Q4 revenue $4.4M, down 15% YoY from $5.2M; gross margin improved to 52.8% from 49.3%.
Socket Mobile Q3 revenue $3.2M, down 14% YoY; operating loss widens to $1.4M
Revenue $3.2M, down 14% from $3.7M YoY and 37% sequentially from $5.1M in Q2 2023.
Socket Mobile Q2 revenue falls 15% YoY to $5.1M; operating loss of $292K
Revenue $5.1M, down 15% YoY from $6.0M, up 19% sequentially from $4.3M.
Elected seven directors: Bass (3,095,138 for), Mills (3,300,585), Parnell (3,223,651), Lazarev (3,215,091), Weinstein (3,216,236), Zhao (3,305,260), Marini (3,340,518).
$1.6M secured subordinated convertible notes, 10% interest payable quarterly in cash, maturing May 26, 2026.
Socket Mobile Q1 net loss $993K; revenue $4.3M down 32% YoY
Revenue $4.3M, down from $6.3M in Q1 2022 and $5.2M in Q4 2022.
Socket Mobile Q4 revenue $5.2M (-15% YoY); operating loss $152K vs income $0.7M prior year
Q4 revenue $5.2M, down 15% from $6.1M YoY, up 39% sequentially from $3.7M.
Socket Mobile extends $2.5M credit facility, obtains waiver of Q3 2022 default
Financing modification with Western Alliance Bank extends $2.0M domestic and $0.5M EXIM revolver maturities to Jan 31, 2025.
Socket Mobile extends maturity of $1.53M convertible notes by one year to August 2024
Maturity date extended from August 30, 2023 to August 30, 2024.
Socket Mobile Q3 revenue down 41% YoY to $3.7M, net loss $874K
Revenue $3.7M vs $6.3M YoY; gross margin 44.4% vs 54.2%.
Socket Mobile Q2 revenue flat at $6.05M; operating income falls 77% to $189K
Revenue $6.05M (+2% YoY, -4% sequentially); gross margin 50.2% vs 54.7% a year ago.
Socket Mobile appoints Laura Weinstein as independent director effective July 25, 2022
Laura Weinstein appointed to Board, term until 2023 Annual Meeting or successor elected.
Socket Mobile holds 2022 annual meeting; all proposals approved by shareholders
All seven director nominees elected: Bass, Mills, Dunlap, MacDonald, Parnell, Lazarev, Zhao.
Socket Mobile Q1 revenue up 31% to $6.3M; EPS $0.04 vs $0.03 YoY
Revenue of $6.3M, up 31% YoY from $4.8M and 3% sequentially from $6.1M.
Socket Mobile Q4 rev $6.1M (+31% YoY), EPS $0.11; approves $1.8M buyback
Q4 revenue $6.1M (+31% YoY); full-year revenue $23.2M (+48% YoY).
Socket Mobile Q3 revenue up 54% to $6.3M; turns to operating profit of $954k
Revenue $6.3M (+54% YoY, +6% sequential); gross margin 54% (down from 55%).
Socket Mobile Q2 revenue $6.0M (+119% YoY); operating income $814K vs loss a year ago
Revenue $6.0M, up 119% from $2.7M in Q2 2020 and 24% from Q1 2021.
On June 8, 2026, the independent members of the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) notified Kevin Mills of the Board’s decision to remove him from his role as President and Chief Executive Officer of the Company.
On June 12, 2026, the Board appointed David A. Holmes, age 51, as President and Chief Executive Officer of the Company, effective immediately.
On August 9, 2024, the Company entered into an Executive Employment Agreement (the “Agreement”), with Mr. Eric Glaenzer appointing him as Vice President and Chief Technology Officer.
On August 12, 2024, the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) appointed Alexis Hartmann to serve as a director
On July 25, 2022, the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) appointed Laura Weinstein to serve as a director until the Company’s 2023 Annual Meeting of Stockholders or until her successor is duly elected and qualified.
Max materiality 0.85 · Median 0.60 · Most common event earnings