Socket Mobile, Inc. filed its third-quarter 2026 earnings press release on November 4, 2026, reporting financial results for the three and nine months ended September 30, 2026, under NASDAQ:SCKT.

Key Highlights

  • Revenue of $3.4 million for Q3 2026, a 9% increase compared to $3.1 million in the prior year quarter and a 12% sequential increase from $3.0 million in the preceding quarter.
  • Gross margin of 48.6% in Q3 2026, up from 47.7% in the prior year quarter and 46.4% in the preceding quarter.
  • Operating loss of $643,000 in Q3 2026, narrowing from a loss of $1,058,000 in the prior year quarter and $1,195,000 in the preceding quarter.
  • Total operating expenses of $2.3 million, compared to $2.5 million in the prior year period and $2.6 million in the preceding quarter.
  • Net loss of $789,000, or $(0.09) per basic and fully diluted share, for the three months ended September 30, 2026.
  • Cash balance of approximately $1.4 million as of September 30, 2026, down slightly from $1.6 million at June 30, 2026.
  • Nine-month revenue of $10.1 million for the period ended September 30, 2026, compared to $11.1 million for the same period in 2025.

Socket Mobile's Third-Quarter 2026 Financial Results: Revenue Growth and Narrowing Losses

According to the filing, Socket Mobile, Inc. (NASDAQ:SCKT) reported revenue of $3,388,000 for the three months ended September 30, 2026, compared to $3,107,000 in the same quarter of 2025. The company disclosed that cost of revenue was $1,740,000, yielding a gross margin of $1,648,000, or 48.6%. For the nine months ended September 30, 2026, revenue totaled $10,121,000, down from $11,115,000 for the comparable nine-month period in 2025, while gross margin stood at 48.9% versus 49.5% a year earlier.

The filing reported that total operating expenses for Q3 2026 were $2,291,000, broken down as research and development of $930,000, sales and marketing of $600,000, and general and administrative expenses of $761,000. The company disclosed an operating loss of $643,000 for the quarter, reduced from $1,058,000 in Q3 2025. Net loss for the quarter was $789,000, compared to $1,198,000 in the prior year quarter. Dave Holmes, President and Chief Executive Officer, stated in the filing: "Revenue increased 12% sequentially from the second quarter and 9% compared with the prior-year quarter, reflecting improved performance amid continued market uncertainty."

The condensed balance sheet, as of September 30, 2026, showed total assets of $11,758,000 and total liabilities of $9,946,000, leaving total equity of $1,812,000. The filing noted the company carried subordinated convertible notes payable of $200,000 and subordinated convertible notes payable, net of discount-related party, of $5,067,000. Short-term borrowings from a related party were $425,000, compared to none at December 31, 2025. The accumulated deficit stood at $67,589,000 as of September 30, 2026. The company also disclosed new partnerships during the quarter with 3Eye Technologies and Orda, described as expanding commercial reach across multiple vertical markets.

What Was Disclosed

Socket Mobile disclosed its unaudited financial results for Q3 and the nine months ended September 30, 2026, including revenue, gross margin, operating loss, net loss, and balance sheet data, along with commentary from management regarding cost management and commercial partnerships.