Form 8-K
8-K — SOCKET MOBILE, INC.
Accession: 0000944075-26-000052
Filed: 2026-07-30
Period: 2026-07-30
CIK: 0000944075
SIC: 3571 (ELECTRONIC COMPUTERS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — form-8k0730.htm (Primary)
EX-99 — EXHIBIT 99.1 (pressrelease.htm)
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8-K — FORM 8-K
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UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of
The Securities
Exchange Act of 1934
July 30, 2026
Date of Report
(Date of earliest
event reported)
SOCKET MOBILE,
INC.
(Exact name of
registrant as specified in its charter)
Delaware
001-13810
94-3155066
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
40675 Encyclopedia Circle
Fremont, CA 94538
(Address of principal
executive offices, including zip code)
(510) 933-3000
(Registrant’s
telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.
below):
[ ] Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, $0.001 Par Value per Share
SCKT
NASDAQ
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
Emerging growth company [ ]
If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
2.02 Results of Operations and Financial Condition
On July 30, 2026, Socket Mobile, Inc. issued a press
release reporting its results for the three and six months ended June 30, 2026. The full text of the press release is furnished as Exhibit
99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No.
Description
99.1
Text of press release, dated July 30, 2026, titled "Socket Mobile Reports Second Quarter 2026 Results".
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOCKET MOBILE, INC.
By:
/s/ Lynn Zhao
Name: Lynn Zhao
Vice President, Finance
and Administration
and Chief Financial Officer
Date: July 30, 2026
EX-99 — EXHIBIT 99.1
EX-99
Filename: pressrelease.htm · Sequence: 2
Exhibit
99.1
Socket
Mobile Reports Second Quarter 2026 Results
FREMONT,
Calif., – July 30, 2026 – Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions
for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting
principles in the United States (“GAAP”) for the three and six months ended June 30, 2026.
Second
Quarter 2026 Financial Highlights:
• Revenue
of $3.0 million, reflecting a 25% decrease compared to $4.0 million for the prior year’s
quarter, and an 18% sequential decrease compared to $3.7 million for the preceding quarter.
• Gross
margin of 46.4% versus 49.9% in the prior year’s quarter and 51.3% in the preceding
quarter.
• Operating
expenses of $2.6 million, compared to $2.7 million in the prior year period and the preceding
quarter.
• Operating
loss amounted to $1,195,000, compared to a $677,000 loss in the prior year’s quarter,
and a loss of $760,000 in the preceding quarter.
• Cash
balance as of June 30, 2026, was approximately $1.6 million, slightly lower from $1.7 million
at March 31, 2026.
"Our
second-quarter results reflect the continued challenges in the retail market," said Dave Holmes, President and Chief Executive Officer.
"While market conditions remain uncertain, we continue to focus on supporting our customers, executing our strategic priorities,
and managing our business with financial discipline. We expect our cost management initiatives to continue throughout the remainder of
the year as we align our operating expenses with current business conditions while maintaining our ability to support future growth opportunities."
The
Company continues to focus on expanding opportunities for its data capture solutions across multiple vertical markets while maintaining
disciplined expense management. Management believes these actions position the Company to respond effectively as customer demand improves.
Conference
Call
Management of
Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the
future. Please attend the conference call using the information below:
Join Online:
https://v.ringcentral.com/join/745700078
Meeting ID: 745700078
Dial-In: +1
(267) 930-4000
Access Code / Meeting ID: 745700078
International
Dial-In Numbers: https://v.ringcentral.com/teleconference
About
Socket Mobile, Inc.
Socket Mobile
is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile’s
revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile’s
cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital
ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers
who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in
Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn, Twitter, and keep up
with our latest News and Updates.
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding
new mobile computer and data collection products, including details on the timing, distribution, and market acceptance of the products,
and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements
involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements
as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted,
if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market
acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels
may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical
application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with
the Securities and Exchange Commission.
Socket
Mobile Investor Contact:
Lynn
Zhao
Chief
Financial Officer
510-933-3016
lynn@socketmobile.com
Socket
Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective
owners.
©
2026, Socket Mobile, Inc. All rights reserved.
–
Financial tables to follow –
Socket
Mobile, Inc.
Condensed
Summary Statements of Operations (Unaudited)
(Amounts
in thousands except per share amounts)
Three months ended June 30,
Six months ended June 30,
2026
2025
2026
2025
Revenue
$ 3,033
$ 4,042
$ 6,734
$ 8,008
Cost of revenue
1,625
2,024
3,428
3,992
Gross margin
1,408
2,018
3,306
4,016
Gross margin percent
46.4 %
49.9 %
49.1 %
50.2 %
Research & development
1,053
1,101
2,143
2,233
Sales & marketing
809
1,025
1,711
2,131
General & administrative
741
569
1,407
1,223
Total operating expenses
2,603
2,695
5,261
5,587
Operating loss
(1,195 )
(677 )
(1,955 )
(1,571 )
Interest expense, net
(151 )
(115 )
(291 )
(215 )
Income tax benefit (expense)
—
—
—
—
Net loss
$ (1,346 )
$ (792 )
$ (2,246 )
$ (1,786 )
Net loss per share:
Basic
$ (0.16 )
$ (0.10 )
$ (0.27 )
$ (0.23 )
Fully diluted
$ (0.16 )
$ (0.10 )
$ (0.27 )
$ (0.23 )
Weighted average shares outstanding:
Basic
8,245
7,937
8,190
7,884
Fully diluted
8,245
7,937
8,190
7,884
Socket
Mobile, Inc.
Condensed
Summary Balance Sheets
(Amounts
in Thousands)
(Unaudited)
June 30, 2026
December 31, 2025*
Cash
$ 1,605
$ 2,032
Accounts receivable
1,170
1,711
Inventories
3,820
4,221
Deferred costs on shipments to distributors
111
122
Other current assets
548
548
Property and equipment, net
1,771
2,125
Intangible assets, net
1,241
1,305
Operating leases right-of-use assets
1,818
2,087
Other long-term assets
286
286
Total assets
$ 12,370
$ 14,437
Accounts payable and accrued liabilities
$ 1,733
$ 2,023
Subordinated convertible notes payable, net of discount
350
400
Subordinated convertible notes payable, net of discount-related party
5,490
5,083
Deferred revenue on shipments to distributors
304
336
Deferred service revenue
102
28
Operating lease liabilities
2,008
2,289
Total liabilities
$ 9,987
$ 10,159
Common stock
70,220
69,870
Accumulated deficit
(66,799 )
(64,554 )
Treasury stock
(1,038 )
(1,038 )
Total equity
$ 2,383
$ 4,278
Total liabilities and equity
$ 12,370
$ 14,437
*Derived
from audited financial statements.
#
# #
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