Socket Mobile, INC

Socket Mobile reported second quarter 2026 results with revenue decreasing 25% year-over-year to $3.0 million, alongside an increased operating loss.

Socket Mobile, Inc. has updated its bylaws to reduce the authorized number of directors and modernize notice provisions for board meetings.

Socket Mobile, Inc. has appointed Brent MacDonald, a former director, to its Board of Directors, effective July 13, 2026, to support its growth strategy.

Socket Mobile has removed Kevin Mills as President and CEO, appointing David A. Holmes as his successor effective immediately.

Socket Mobile, Inc. announced the results of its 2026 Annual Meeting of Stockholders, including the election of directors and ratification of its independent auditors.

Socket Mobile received a notice from Nasdaq indicating non-compliance with the minimum bid price rule, with 180 days to regain compliance.

Socket Mobile's Q1 2026 report shows a 7% revenue decrease to $3.7 million, alongside a slight improvement in gross margin to 51.3% and a reduced net loss.

Socket Mobile, Inc. reported a 20% decline in third-quarter revenue and an increased net loss, driven by slower distributor bookings and cautious customer spending.

Socket Mobile reports a significant 20% revenue decline and widening net losses in Q2 2025, driven by soft customer demand and tariff concerns, despite ongoing cost-cutting measures and successful capital raises.

Socket Mobile's Q1 2025 revenue decreased by 20% compared to the same period last year, primarily due to weaker demand in both domestic and international markets.

Socket Mobile, Inc. announced a 21% increase in revenue for the third quarter of 2024, alongside improved gross profit margins.

Socket Mobile's Q2 2024 results show a minor decrease in revenue compared to the same period last year, but the company achieved improved gross profit margins.

Socket Mobile files an amendment to its 2024 annual report to include its clawback policy in compliance with Nasdaq listing rules.

Socket Mobile's 2024 10-K filing reveals a 10% revenue increase to $18.8 million, fueled by growth in the retail POS sector, despite a net loss of $2.24 million.

Socket Mobile's 2023 annual report reveals a 20% decrease in revenue compared to 2022, alongside strategic investments in research and development.

Charlie Bass, a Director and 10% owner of Socket Mobile, Inc., acquired 13,000 shares of common stock on June 12, 2026, as part of a grant to newly elected board members.

William L. Parnell Jr., a Director at Socket Mobile, Inc., received a grant of 10,000 shares of common stock on June 12, 2026.

Ivan Lazarev, a Director at Socket Mobile, Inc., reported the acquisition of 9,000 shares of common stock on June 12, 2026.

CEO Kevin Mills gifted 128,981 shares of Socket Mobile common stock, reducing his direct holdings to 53,463 shares.

Director Charlie Bass acquired 5,000 shares of Socket Mobile common stock in lieu of cash compensation.

Director William L. Parnell Jr. acquired 5,000 shares of Socket Mobile common stock in lieu of cash compensation.

Socket Mobile, Inc. has announced its 2026 Annual Meeting of Stockholders, scheduled for June 3, 2026, to elect directors, approve executive compensation, and ratify auditor appointments.

Socket Mobile announces its 2025 Annual Meeting of Stockholders to be held virtually on June 4, 2025, to elect directors, approve executive compensation, and ratify the appointment of independent auditors.

Socket Mobile's proxy statement outlines proposals for the upcoming annual meeting, including director elections, executive compensation approval, an equity incentive plan amendment for a stock option exchange program, and auditor ratification.

Socket Mobile's Chairman, Charlie Bass, increased his beneficial ownership to 43.6% through a new $400,000 convertible note and open market purchases.

Kevin Mills, CEO of Socket Mobile, Inc., transferred a $500,000 convertible note to Charlie Bass, Chairman of the Board, for investment management purposes.

Socket Mobile Chairman Charlie Bass increased his beneficial ownership to 41.3% by acquiring a $500,000 convertible note from Kevin Mills.

Enrico Mills, General Manager of Applications at Socket Mobile, Inc., has increased his beneficial ownership in the company to 9.1% through the purchase of additional convertible subordinated secured promissory notes totaling $175,000.

Socket Mobile, Inc. Chairman Charlie Bass has increased his beneficial ownership to 39.2% through a new $500,000 convertible note and additional open market stock purchases, signaling continued investment in the company.

Socket Mobile, Inc. director Kevin Mills has increased his beneficial ownership to 10.95% through the purchase of a $250,000 secured subordinated convertible note, part of a larger $1.5 million aggregate financing round.