Socket Mobile Q2 Revenue Plunges 25%, Losses Widen as Cash Dwindles to $1.6M
SCKT is trading near its 52-week low of $0.42 (0.2% above the low).
Summary
Socket Mobile reported Q2 2026 revenue of $3.0 million, down 25% year-over-year, with an operating loss of $1.2 million and cash of just $1.6 million. The results underscore severe financial distress amid a Nasdaq delisting threat and recent leadership upheaval.
Key Events · Earnings and Guidance · SCKT
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Revenue Collapse
Q2 revenue of $3.0 million, a 25% decline from $4.0 million in Q2 2025 and an 18% sequential drop from Q1 2026.
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Widening Losses
Operating loss of $1.195 million vs. $0.677 million a year ago; net loss of $1.346 million ($0.16/share) compared to $0.792 million loss in Q2 2025.
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Cash Runway Crisis
Cash fell to $1.6 million as of June 30, 2026, from $1.7 million at March 31, 2026, with a quarterly net cash burn of approximately $0.1 million excluding financing activities.
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Margin Compression
Gross margin dropped to 46.4% from 49.9% YoY and 51.3% sequentially, reflecting pricing pressure or mix shift.
Analysis · SCKT · Technology
Socket Mobile's Q2 results reveal accelerating deterioration: revenue fell 25% year-over-year to $3.0 million, gross margin contracted to 46.4%, and operating losses nearly doubled to $1.2 million. With only $1.6 million in cash and a net loss of $1.3 million for the quarter, the company is burning through its remaining liquidity at an unsustainable rate. This comes against a backdrop of a Nasdaq delisting notice for a sub-$1.00 stock price and a recent CEO ouster, painting a picture of a company in crisis.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SCKT was trading at $0.42 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $0.42 to $1.36. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.