# EDGAR Filing Document

**Accession Number:** 0000944075
**File Stem:** 0000944075-25-000052
**Filing Date:** 2025-7
**Character Count:** 13367
**Document Hash:** 119a7f185cbc6b31761bad02c8165214
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000944075-25-000052.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0000944075-25-000052

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250731

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SOCKET MOBILE, INC.
- **CENTRAL INDEX KEY:** 0000944075
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPUTERS [3571]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 943155066
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13810
- **FILM NUMBER:** 251172045

**BUSINESS ADDRESS:**
- **STREET 1:** 40675 ENCYCLOPEDIA CIRCLE
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94538-2475
- **BUSINESS PHONE:** 5109333000

**MAIL ADDRESS:**
- **STREET 1:** 40675 ENCYCLOPEDIA CIRCLE
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94538-2475

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCKET COMMUNICATIONS INC
- **DATE OF NAME CHANGE:** 19950418

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

------

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934**

**July 31, 2025**

Date of Report

(Date of earliest event reported)

------

**SOCKET MOBILE, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-13810** | **94-3155066** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**40675 Encyclopedia Circle**

**Fremont, CA 94538**

(Address of principal executive offices, including zip code)

**(510) 933-3000**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading Symbol(s) | &nbsp;&nbsp;Name of each exchange on which registered |
| &nbsp;&nbsp;Common stock, $0.001 Par Value per Share | &nbsp;&nbsp;SCKT | &nbsp;&nbsp;NASDAQ |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

**Item 2.02 Results of Operations and Financial Condition**

On July 31, 2025, Socket Mobile, Inc. issued a press release reporting its results for the three and six months ended June 30, 2025. The full text of the press release is furnished as Exhibit 99.1.

**Item 9.01 Financial Statements and Exhibits**

**(d) Exhibits.**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| **99.1** | Text of press release, dated July 31, 2025, titled "Socket Mobile Reports Second Quarter 2025 Results". |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | **SOCKET MOBILE, INC.** |
| By: | /s/ Lynn Zhao |
|  | Name: Lynn Zhao<br> Vice President, Finance and Administration <br> and Chief Financial Officer |

---

Date: July 31, 2025

## Ex-99

**Exhibit 99.1**

**Socket Mobile Reports Second Quarter 2025 Results**

**FREMONT, Calif., – July 31, 2025** – Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and six months ended June 30, 2025.

**Second Quarter 2025 Financial Highlights:** 

&nbsp;&nbsp;&nbsp;&nbsp;· Revenue of $4.04 million, reflecting a 20% decrease compared to $5.08 million for the prior year's
quarter, and a 2% sequential increase compared to $4.0 million for the preceding quarter.

&nbsp;&nbsp;&nbsp;&nbsp;· Gross margin of 49.9% versus 50.9% in the prior year's quarter and 50.4% in the preceding quarter.

&nbsp;&nbsp;&nbsp;&nbsp;· Operating expenses of $2.7 million, compared to $3.1 million in the prior year period and $2.9 million
in the preceding quarter.

&nbsp;&nbsp;&nbsp;&nbsp;· Operating loss amounted to $677,000, compared to a $535,000 loss in the prior year's quarter,
and a loss of $894,000 in the preceding quarter.

&nbsp;&nbsp;&nbsp;&nbsp;· Cash balance as of June 30, 2025, was approximately $2.6 million, up from $1.7 million at March 31,
2025, due to the $1.5 million secured subordinated convertible note financing completed in May. The June 30 balance was also slightly
higher than the $2.5 million reported at December 31, 2024

"We continued to experience weaker revenue trends throughout Q2, driven by a slower run rate," said Kevin Mills, President, and Chief Executive Officer. "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 $1.5 million 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," concluded Mr. Mills.

**Conference Call**

Management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future. To join the live conference, please use the conference link https://join.broaddata.com/?id=socket-mobile-earnings-call or dial **(800) 237-1091** toll-free from within the U.S. or **(848) 488-9280** (toll).

**About Socket Mobile, Inc.**

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn, Twitter, and keep up with our latest News and Updates.

**Forward-Looking Statements** 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computer and data collection products, including details on the timing, distribution, and market acceptance of the products, and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.

---

| |
|:---|
| &nbsp;&nbsp;**Socket Mobile Investor Contact:** |
| &nbsp;&nbsp;Lynn Zhao |
| &nbsp;&nbsp;Chief Financial Officer |
| &nbsp;&nbsp;510-933-3016 |
| &nbsp;&nbsp;*<u>lynn@socketmobile.com</u>* |

---

 

***Socket Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.***

 ****

**© 2025, Socket Mobile, Inc. All rights reserved.**

 **- Financial tables to follow -**

**Socket Mobile, Inc.**

**Condensed Summary Statements of Operations (Unaudited)**

**(Amounts in thousands except per share amounts)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Three months ended June 30, | Three months ended June 30, | Six months ended June 30, | Six months ended June 30, |
|  | 2025 | 2024 | 2025 | 2024 |
| &nbsp;&nbsp;Revenue | $4042 | $5081 | $8008 | $10059 |
| &nbsp;&nbsp;Cost of revenue | 2024 | 2497 | 3992 | 4970 |
| &nbsp;&nbsp;Gross margin | 2018 | 2584 | 4016 | 5089 |
| &nbsp;&nbsp; Gross margin percent | 49.9% | 50.9% | 50.2% | 50.6% |
| &nbsp;&nbsp;Research & development  | 1101 | 1232 | 2233 | 2440 |
| &nbsp;&nbsp;Sales & marketing | 1025 | 1154 | 2131 | 2185 |
| &nbsp;&nbsp;General & administrative | 569 | 733 | 1223 | 1484 |
| &nbsp;&nbsp; Total operating expenses | 2695 | 3119 | 5587 | 6109 |
| &nbsp;&nbsp;Operating loss | (677) | (535) | (1571) | (1020) |
| &nbsp;&nbsp;Interest expense, net | (115) | (73) | (215) | (145) |
| &nbsp;&nbsp;Income tax benefit (expense) |  |  |  |  |
| &nbsp;&nbsp;Net loss | $(792) | $(608) | $(1786) | $(1165) |
| &nbsp;&nbsp;Net loss per share: |  |  |  |  |
| &nbsp;&nbsp; Basic | $(0.10) | $(0.08) | $(0.23) | $(0.16) |
| &nbsp;&nbsp; Fully diluted | $(0.10) | $(0.08) | $(0.23) | $(0.16) |
| &nbsp;&nbsp;Weighted average shares outstanding: |  |  |  |  |
| &nbsp;&nbsp; Basic | 7937 | 7572 | 7884 | 7511 |
| &nbsp;&nbsp; Fully diluted | 7937 | 7572 | 7884 | 7511 |

---

**Socket Mobile, Inc.**

**Condensed Summary Balance Sheets**

**(Amounts in Thousands)**

---

| | | |
|:---|:---|:---|
|  | (Unaudited) <br>June 30, 2025 | December 31, 2024\* |
| &nbsp;&nbsp;Cash | $2605 | $2492 |
| &nbsp;&nbsp;Accounts receivable | 1772 | 1588 |
| &nbsp;&nbsp;Inventories | 4844 | 4942 |
| &nbsp;&nbsp;Deferred costs on shipments to distributors | 145 | 143 |
| &nbsp;&nbsp;Other current assets | 574 | 431 |
| &nbsp;&nbsp;Property and equipment, net | 2358 | 2787 |
| &nbsp;&nbsp;Deferred tax assets | 10663 | 10663 |
| &nbsp;&nbsp;Intangible assets, net | 1369 | 1432 |
| &nbsp;&nbsp;Operating leases right-of-use assets | 2349 | 2604 |
| &nbsp;&nbsp;Other long-term assets | 286 | 264 |
| &nbsp;&nbsp;Total assets | $26965 | $27346 |
| &nbsp;&nbsp;Accounts payable and accrued liabilities | $1850 | $1977 |
| &nbsp;&nbsp;Subordinated convertible notes payable, net of discount | 400 | 150 |
| &nbsp;&nbsp;Subordinated convertible notes payable, net of discount-related party | 5076 | 3818 |
| &nbsp;&nbsp;Deferred revenue on shipments to distributors | 374 | 392 |
| &nbsp;&nbsp;Deferred service revenue | 30 | 31 |
| &nbsp;&nbsp;Operating lease liabilities | 2559 | 2817 |
| &nbsp;&nbsp;Total liabilities | $10289 | $9185 |
| &nbsp;&nbsp;Common stock | 69675 | 69374 |
| &nbsp;&nbsp;Accumulated deficit | (51961) | (50175) |
| &nbsp;&nbsp;Treasury stock | (1038) | (1038) |
| &nbsp;&nbsp;Total equity | $16676 | $18161 |
| &nbsp;&nbsp;Total liabilities and equity | $26965 | $27346 |

---

\*Derived from audited financial statements.

**# # #**