Fremont – November 04, 2026 -- Socket Mobile (NASDAQ: SCKT) cut its third-quarter operating loss to $643,000 from $1,058,000 a year earlier, as revenue rose 9% to $3.4 million and operating expenses fell to $2.3 million.
Revenue climbs 12% sequentially to $3.4 million
Quarterly revenue compared with $3.1 million in the prior-year quarter and $3.0 million in the second quarter of 2026. Gross margin reached 48.6%, up from 47.7% a year earlier and 46.4% in the preceding quarter.
Operating expenses fall to $2.3 million from $2.6 million in Q2
Spending was $2.5 million in the prior-year period. CEO Dave Holmes put the reductions at 12% quarter on quarter and 10% year over year. The operating loss was $1,195,000 in the second quarter, so the Q3 figure is roughly 46% lower sequentially.
Holmes credited the results to "operational efficiency and financial discipline" amid continued market uncertainty. The company expects to keep its cost management initiatives running through the remainder of the year.
Cash balance slips to $1.4 million from $1.6 million
Cash stood at approximately $1.4 million on September 30, 2026, down from $1.6 million at June 30. The company still posted an operating loss in the quarter.
3Eye Technologies and Orda partnerships widen vertical reach
3Eye Technologies supports industrial mobility solutions for Apple-based frontline workflows. Orda provides integrated mobile ordering and self-checkout for enterprise workplace dining environments. Management said it will pursue opportunities to expand its data capture solutions across key markets.