Socket Mobile Q2 FY26 revenue drops 25% to $3.03 million
Reuters2026/08/13 17:46- Socket Mobile posted Q2 revenue of $3.03 million, down 25% year over year, citing continued weakness in retail scanning.
- Gross margin fell 3.5 percentage points to 46.4%, due to underutilized manufacturing capacity lifting fixed costs as a share of revenue.
- R&D expense edged down 4% to $1.05 million; sales and marketing expense dropped 21% to $809,000 on cost reductions.
- General and administrative expense rose 30% to $741,000, reflecting fewer prior-year personnel savings and an unfavorable foreign-currency swing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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