Socket Mobile, Inc. New
SCKTSocket Mobile, Inc. is a provider of data collection and communication solutions, specializing in portable barcode scanners and mobile data terminals. The company designs and manufactures wireless and wired devices that enable businesses to capture, transmit, and manage data efficiently. Known for its innovative handheld scanners and accessories, Socket Mobile serves various industries including retail, healthcare, hospitality, and logistics.
Company News
Socket Mobile reported Q3 2025 revenue of $3.1 million, a 20% decrease from the previous year. The company experienced lower distributor bookings and delayed deployment deals, but remains committed to product innovation in industrial markets.
Socket Mobile reported Q2 2025 revenue of $4.04 million, a 20% decrease from the previous year, with challenges including potential tariffs and reduced distributor purchases. The company raised $1.5 million through convertible note financing and is focusing on new XtremeScan products to drive future growth.
Socket, the market leader in software supply chain security, has acquired Coana, a top-tier static analysis and reachability engine. This acquisition strengthens Socket's platform and positions it as the clear market leader in modern Software Composition Analysis (SCA).
Socket Mobile reported improved financial performance in Q4 2024 and the full year 2024, driven by growth in the retail POS application market. The company focused on expanding its product offerings, including new barcode scanners and a QR code payment reader, and enhancing customer engagement through a new website and developer portal.
The Dow Jones closed slightly higher on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions...
