Form 8-K

8-K — SOCKET MOBILE, INC.

Accession: 0000944075-26-000037

Filed: 2026-05-05

Period: 2026-05-05

CIK: 0000944075

SIC: 3571 (ELECTRONIC COMPUTERS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — form-8k0505.htm (Primary)

EX-99 — EXHIBIT 99.1 (pressrelease.htm)

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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

May 5, 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 May 5, 2026, Socket Mobile, Inc. issued a press

release reporting its results for the three months ended March 31, 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 May 5, 2026, titled "Socket Mobile Reports First 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: May 5, 2026

EX-99 — EXHIBIT 99.1

EX-99

Filename: pressrelease.htm · Sequence: 2

Exhibit

99.1

Socket

Mobile Reports First Quarter 2026 Results

FREMONT,

Calif., – May 5, 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 months ended March 31, 2026.

First

Quarter 2026 Financial Highlights:

• Revenue

of $3.7 million, a 7% decrease from $4.0 million in both the prior-year quarter and Q4 2025.

• Gross

margin of 51.3% compared with 50.4% in the prior-year quarter and 50.2% in the preceding

quarter.

• Operating

expenses of $2.7 million, an 8% decrease from $2.9 million in the prior-year quarter, but

a 3% increase from $2.6 million in Q4 2025.

• Operating

loss of $0.8 million, compared to $0.9 million in the prior-year quarter and $0.6 million

in the preceding quarter.

• On

March 27, 2026, the company completed a $0.5 million secured subordinated convertible note

financing to strengthen its working capital position and support ongoing innovation.

“We

recognized that our first-quarter results fell short of expectations, reflecting broader customer caution and delayed spending,"

said Kevin Mills, President and CEO. "That said, we remain focused on the factors within our control. Our operational resilience

remains strong. We have streamlined our cost structure while launching several critical products, including the S721 and our iPhone 17e

solutions. In addition, the recent $0.5 million financing provides us with the runway needed to support ongoing operations and bridge

to new high-value enterprise opportunities.”

“In

Q1, we made meaningful progress in expanding our partner ecosystem, including the launch of native support for the SocketScan S721 and

S741 barcode scanners on the Shopify platform. This integration allows Shopify merchants to leverage advanced Bluetooth® Low Energy

technology to enhance retail operations and ID verification workflows. At the same time, we strengthened our position within the Apple

ecosystem by introducing industrial scanning solutions, such as the XtremeScan and DuraSled families, designed for the new iPhone 17e.

These hardware advancements are complemented by the continued rollout of CaptureSDK 2.0, providing developers with a more powerful and

efficient toolkit for integrating high-performance data capture across iOS and Android applications.”

“Looking

ahead, we remain committed to delivering reliable, high-quality data capture solutions that help our customers improve productivity,

streamline operations, and stay competitive in dynamic markets. We look forward to sharing further updates during our upcoming conference

call,” Mills concluded.

Conference

Call

The

management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly and year-end

results and outlook for the future. The dial-in number to access the live conference call is (800) 237-1091, toll-free from within the

U.S., or (848) 488-9280 (toll).

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, X, 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 computers 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

is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.

–

Financial tables to follow –

Socket

Mobile, Inc.

Condensed

Summary Statements of Operations

(Amounts

in thousands except per share amounts)

Three months ended March 31,

2026

2025

Revenue

$ 3,700

$ 3,966

Cost of revenue

1,803

1,968

Gross margin

1,897

1,998

Gross margin percent

51.3 %

50.4 %

Research & development

1,090

1,132

Sales & marketing

902

1,107

General & administrative

665

653

Total operating expenses

2,657

2,892

Operating loss

(760 )

(894 )

Interest expense, net

(140 )

(100 )

Net loss

$ (900 )

$ (994 )

Net loss per share:

Basic

$ (0.11 )

$ (0.13 )

Fully diluted

$ (0.11 )

$ (0.13 )

Weighted average shares outstanding:

Basic

8,136

7,829

Fully diluted

8,136

7,829

*Derived

from audited financial statements.

Socket

Mobile, Inc.

Condensed

Summary Balance Sheets

(Amounts

in Thousands)

(Unaudited)

March 31, 2026

December 31, 2025*

Cash

$ 1,710

$ 2,032

Accounts receivable

2,198

1,711

Inventories

3,870

4,221

Deferred costs on shipments to distributors

125

122

Other current assets

567

548

Property and equipment, net

1,919

2,125

Intangible assets, net

1,273

1,305

Operating leases right-of-use assets

1,953

2,087

Other long-term assets

286

Total assets

$ 13,901

$ 14,437

Accounts payable and accrued liabilities

$ 1,842

$ 2,023

Subordinated convertible notes payable, net of discount

500

400

Subordinated convertible notes payable, net of discount-related party

5,487

5,083

Deferred revenue on shipments to distributors

346

336

Deferred service revenue

Operating lease liabilities

2,151

2,289

Total liabilities

10,352

10,159

Common stock

70,040

69,870

Accumulated deficit

(65,453 )

(64,554 )

Treasury stock

(1,038 )

Total equity

3,549

4,278

Total liabilities and equity

$ 13,901

$ 14,437

*Derived

from audited financial statements.

# #

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