Socket Mobile, Inc. reported second quarter 2026 results showing revenue of $3.0 million, a 25% year-over-year decline and an 18% sequential drop. Gross margin contracted to 46.4% from 49.9% in the prior year period. The company posted an operating loss of $1.2 million compared to a $677,000 loss previously, driven by persistent challenges in the retail market. Cash reserves stood at approximately $1.6 million as of June 30, 2026. Socket Mobile operates in the technology sector, providing data capture and delivery solutions such as cordless barcode scanners for workforce mobilization.
