Socket Mobile reports Q1 2026 revenue drop to $3.7M but improves gross margin and secures $0.5M financing.

Socket Mobile announced its Q1 2026 financial results with revenue declining 7% to $3.7 million compared to the previous year, reflecting cautious customer spending. Despite the revenue drop, the company improved its gross margin to 51.3% and reduced operating expenses slightly. Socket Mobile also secured $0.5 million in convertible note financing to support ongoing operations and product innovation. The company highlighted progress in expanding its product ecosystem, including new barcode scanners integrated with Shopify and solutions for the iPhone 17e, aiming to enhance productivity and prepare for future growth opportunities.