Socket Mobile reports Q2 EPS (8c) vs. (6c) last year

Reports Q2 revenue $5.08B vs. $5.12B last year. “The weakness of the specialty retail sector, our primary revenue source, presented significant challenges during Q2. This resulted in lower-than-anticipated revenue for the quarter and impacted our overall financial performance,” said CEO Kevin Mills. “Anticipating the continued challenges and uncertainties in the specialty retail sector, we are proactively investing in and promoting new products while also exploring opportunities beyond this market…By investing in and promoting these solutions, we aim to drive company growth across new markets and reduce our dependence on the retail sector”