Socket Mobile Inc
socketmobile.comWhat Do They Do?
Sells cordless barcode scanners, contactless readers and scanning software to app providers and businesses using mobile apps for retail, field work and logistics.
10-K for FY2025, filed Mar 30, 2026We are a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Our products are…View ↗
Our primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies…View ↗
Mobile Markets. Our revenues are primarily driven by sales of barcode scanners integrated into mPOS (mobile Point of Sale) applications…View ↗
How Do They Make Money?
The company sells products to distributors and other customers, with sales tied to shipment. Customers can also buy SocketCare extended-warranty coverage, which provides service over the contract term.
10-K for FY2025, filed Mar 30, 2026With the adoption of ASC 606 “Revenue from Contracts with Customers” in 2017, the Company recognizes revenue on sales to distributors when…View ↗
The Company generally recognizes revenues on sales to customers other than distributors upon shipment provided that contract with the…View ↗
The Company also generates revenue through its SocketCare services program, which offers extended warranty and accidental breakage coverage…View ↗
$15.1M
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10-K for FY2025, filed Mar 30, 2026
$15.1M ↗
Who Are Their Customers?
Products reach buyers primarily through distributors and resellers; app providers integrate the devices into their mobile apps and may resell them with their own solutions.
10-K for FY2025, filed Mar 30, 2026We design our own products and are responsible for all associated test equipment. We subcontract the manufacturing of all our product…View ↗
Application provider relationships. We actively support app providers to integrate our data capture solutions into their applications. We…View ↗
The Company distributes its products in the United States and foreign countries primarily through distributors and resellers. It markets…View ↗
Do Revenues Turn Into Profits?
No. It lost $14.4M in FY2025.
10-K for FY2025, filed Mar 30, 2026
−$3.2MView ↗
10-K for FY2025, filed Mar 30, 2026
−$14.4MView ↗
10-K for FY2025, filed Mar 30, 2026
−$1.8MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2025, filed Aug 13, 2026
−$1.3MView ↗
- ▲ +70% (Loss)
- vs −$792.1K in Q2 FY2024
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Aug 28, 2026
Nasdaq notified Socket Mobile of a stockholders’ equity listing deficiency
The company said it would submit a plan to regain compliance; Nasdaq’s notice did not immediately affect trading.
Sources
8-K, filed Aug 28, 2026
On August 24, 2026, Socket Mobile, Inc. (the "Company") received a letter (the "Notice") from the Listing Qualifications Department of The…View ↗
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Jun 12, 2026
Board removed Kevin Mills as CEO and appointed David A. Holmes
Sources
8-K, filed Jun 12, 2026
On June 8, 2026, the independent members of the Board of Directors (the “Board”) of Socket Mobile, Inc. (the “Company”) notified Kevin…View ↗
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May 20, 2026
Nasdaq notified Socket Mobile of a minimum-bid-price deficiency
The company had until November 16, 2026, to regain compliance with the minimum bid-price rule.
Sources
8-K, filed May 20, 2026
Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days, or until November 16, 2026, to regain compliance. To do so, the…View ↗
Shrinking. Revenue fell 35% in 4 years, from $23.2M in FY2021 to $15.1M in FY2025, about 10% a year.
Expanded camera scanning
Camera scanning has moved from a free software option, with an advanced version planned, to a lineup with a paid advanced option for users needing more.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 30, 2026SocketCam family. In Q1 2022, we announced our SocketCam product, C820, a software-based barcode scanner, which offers a free, flexible…View ↗
SocketCam family. Our camera-based barcode scanning software includes SocketCam C820 and C860, compatible with both iOS and Android. The…View ↗
Added iPhone scanning products
The current portfolio includes XtremeScan products designed for iPhones in industrial settings, alongside the earlier scanner families.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Mar 30, 2026XtremeScan family. Our XtremeScan product line consists of three configurations: XtremeScan Case, XtremeScan, and XtremeScan Grip, all…View ↗
Who Do They Compete With?
Competes with Koamtec, Code, Opticon, Infinite Peripherals, Honeywell, Datalogic, Zebra Technologies, Scandit, and Manatee Works
10-K for FY2025, filed Mar 30, 2026Cordless Barcode Scanning. We offer a full range of cordless barcode scanners designed to connect to smartphones, tablets, and other…View ↗
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