Socket Mobile reports Q2 EPS 10c) vs. (8c) last year

Reports Q2 revenue $4.04B vs. $5.08B last year. “We continued to experience weaker revenue trends throughout Q2, driven by a slower run rate,” said CEO Kevin Mills. “Additionally, concerns around potential tariffs led to significantly reduced purchases from our distributors. This resulted in a notable decline in bookings in Q2 2025, which in turn impacted our gross shipments. We expect these headwinds to persist through the remainder of the year. In response, we raised $1.5M through a secured subordinated convertible note financing and implemented cost-saving measures, including reductions in operating expenses, to help navigate this challenging period. Despite the broader market challenges, our new XtremeScan products have been well received by initial customers and are gaining broader interest,” he continued. “The XtremeScan products are being used in conjunction with iOS devices to enable frontline workers to capture data more precisely, respond more decisively, and execute critical tasks with greater speed and confidence. We look forward to sharing more details about our new product initiatives and strategies to drive revenue growth during our upcoming conference call”.