Socket Mobile announces Q3 EPS of (15c), unchanged from last year
Q3 Revenue Performance: The company reported Q3 revenue of $3.1M, down from $3.9M last year, with steady sales-out to end users despite a traditionally slower quarter.
Market Conditions and Challenges: Delayed deployment deals and cautious customer spending contributed to lower revenue, while slower distributor bookings and reduced channel inventory were also noted.
Cost-Saving Measures: Management implemented cost-saving strategies, achieving a 13% reduction in operating expenses compared to Q3 last year and a 6% decrease from the previous quarter.
Future Outlook: The company remains committed to investing in new and existing products for the industrial market, with a focus on long-term revenue growth despite ongoing market headwinds.
Trade with 70% Backtested Accuracy
Analyst Views on SCKT
About SCKT
About the author

Socket Mobile Launches SocketScan S721, Enhancing Scanning Performance at Lower Cost
- Product Launch: Socket Mobile has introduced the SocketScan S721, a next-generation Bluetooth barcode scanner designed for Square iOS applications and other leading mobile POS platforms, expected to replace the SocketScan S720 as the primary handheld scanner.
- Technology Upgrade: The S721 incorporates Bluetooth Low Energy technology, providing faster pairing and more reliable connections while extending battery life, ensuring stable scanning performance in busy retail and service environments.
- Enhanced Compatibility: This scanner is fully compatible with the latest version of Socket Mobile's CaptureSDK, supporting applications like Square Point of Sale, catering to various mobile data capture needs including retail, inventory management, and asset tracking.
- Preorder and Shipping: The SocketScan S721 is available for preorder on the Socket Mobile website and is expected to begin shipping at the end of January, with free worldwide shipping offered for all orders placed before February 28.

Socket Mobile Launches New DuraScan Terminals Optimized for iPhone 16e
- Product Innovation: Socket Mobile's launch of the DuraScan terminal series, including the DT841 and DT862 optimized for the iPhone 16e, offers scanning ranges of up to 20 inches and 14 feet, addressing the needs of modern mobile workers in fast-paced environments and enhancing data capture efficiency and accuracy.
- Portability and Durability: The new terminals feature a lightweight design and rugged rubberized housing that withstands drops and daily wear, while supporting all-day battery performance, thereby increasing the flexibility and reliability of mobile professionals in their workflows.
- Compatibility and Integration: The DuraScan series is fully compatible with Socket Mobile's CaptureSDK, with over 1,000 business applications already supporting the SDK, streamlining the data capture process and fostering innovation in mobile data handling for enterprises.
- Market Positioning: This product launch reflects Socket Mobile's vision for the future of mobile data capture, aiming to meet customer demands for efficient data processing by providing lightweight and reliable tools, thereby enhancing the company's competitiveness in the rapidly evolving mobile solutions market.






