Socket Mobile (SCKT)
Market Price (6/21/2026): $0.74 | Market Cap: $6.0 MilSector: Information Technology | Industry: Technology Hardware, Storage & Peripherals
Socket Mobile (SCKT)
Market Price (6/21/2026): $0.74Market Cap: $6.0 MilSector: Information TechnologyIndustry: Technology Hardware, Storage & Peripherals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% Megatrend and thematic driversMegatrends include Digital Transformation & Efficiency. Themes include Mobile Data Capture Solutions, Point-of-Sale (POS) Technology, and Supply Chain Digitization. | Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -119% | Penny stockMkt Price is 0.7 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 113% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.1%, Rev Chg QQuarterly Revenue Change % is -6.7% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -255% Key risksSCKT key risks include [1] constrained liquidity and high cash burn threatening its critical pivot to industrial solutions as core revenues decline, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -29% |
| Megatrend and thematic driversMegatrends include Digital Transformation & Efficiency. Themes include Mobile Data Capture Solutions, Point-of-Sale (POS) Technology, and Supply Chain Digitization. |
| Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -119% |
| Penny stockMkt Price is 0.7 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 113% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.1%, Rev Chg QQuarterly Revenue Change % is -6.7% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -255% |
| Key risksSCKT key risks include [1] constrained liquidity and high cash burn threatening its critical pivot to industrial solutions as core revenues decline, Show more. |
Qualitative Assessment
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Socket Mobile (SCKT) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Continued Weak Financial Performance in Recent Fiscal Quarters. Socket Mobile reported a significant decline in revenue and substantial losses in its fiscal Q4 2025 (ended December 31, 2025) and fiscal Q1 2026 (ended March 31, 2026). In fiscal Q4 2025, revenue decreased 18% year-over-year to $4.0 million, accompanied by a net loss of $11.4 million, which included a $10.7 million valuation allowance against deferred tax assets. This trend continued into fiscal Q1 2026, with revenue declining 7% to $3.7 million compared to both the prior-year quarter and the preceding quarter, leading to an operating loss of $0.8 million.
2. Deteriorating Liquidity and Reliance on Debt Financing. The company's cash and cash equivalents decreased from $2.0 million at the end of fiscal year 2025 to $1.7 million by the close of fiscal Q1 2026. During fiscal Q1 2026, Socket Mobile experienced a cash outflow of $770,000 from operating activities. To address its working capital needs and support operations, the company completed a $0.5 million secured subordinated convertible note financing on March 27, 2026.
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Socket Mobile (SCKT) stock has lost about 20% since 2/28/2026 because of the following key factors:
1. Continued Weak Financial Performance in Recent Fiscal Quarters. Socket Mobile reported a significant decline in revenue and substantial losses in its fiscal Q4 2025 (ended December 31, 2025) and fiscal Q1 2026 (ended March 31, 2026). In fiscal Q4 2025, revenue decreased 18% year-over-year to $4.0 million, accompanied by a net loss of $11.4 million, which included a $10.7 million valuation allowance against deferred tax assets. This trend continued into fiscal Q1 2026, with revenue declining 7% to $3.7 million compared to both the prior-year quarter and the preceding quarter, leading to an operating loss of $0.8 million.
2. Deteriorating Liquidity and Reliance on Debt Financing. The company's cash and cash equivalents decreased from $2.0 million at the end of fiscal year 2025 to $1.7 million by the close of fiscal Q1 2026. During fiscal Q1 2026, Socket Mobile experienced a cash outflow of $770,000 from operating activities. To address its working capital needs and support operations, the company completed a $0.5 million secured subordinated convertible note financing on March 27, 2026.
3. Nasdaq Minimum Bid Price Non-Compliance. Socket Mobile received a notice from Nasdaq around May 20, 2026, indicating non-compliance with the exchange's minimum bid price requirement. This regulatory issue can significantly impact investor confidence due to potential delisting risks.
4. Negative Market Sentiment Amidst Challenging Economic Conditions. The company's CEO, Kevin Mills, noted "broader customer caution and delayed spending" as a factor impacting fiscal Q1 2026 results. Furthermore, analysts have a consensus "Sell" rating for Socket Mobile, with an average rating score of 1.00 based on recent research reports. Management also highlighted operating in a "very challenging macroeconomic and distribution environment" during fiscal year 2025.
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Stock Movement Drivers
Fundamental Drivers
The -21.4% change in SCKT stock from 2/28/2026 to 6/20/2026 was primarily driven by a -13.6% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 0.90 | 0.70 | -21.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 15 | -7.1% |
| P/S Multiple | 0.4 | 0.4 | -13.6% |
| Shares Outstanding (Mil) | 8 | 8 | -2.1% |
| Cumulative Contribution | -21.4% |
Market Drivers
2/28/2026 to 6/20/2026| Return | Correlation | |
|---|---|---|
| SCKT | -21.4% | |
| Market (SPY) | 9.2% | -24.3% |
| Sector (XLK) | 38.1% | -26.0% |
Fundamental Drivers
The -46.7% change in SCKT stock from 11/30/2025 to 6/20/2026 was primarily driven by a -41.4% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.32 | 0.70 | -46.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 15 | -7.1% |
| P/S Multiple | 0.7 | 0.4 | -41.4% |
| Shares Outstanding (Mil) | 8 | 8 | -2.1% |
| Cumulative Contribution | -46.7% |
Market Drivers
11/30/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| SCKT | -46.7% | |
| Market (SPY) | 9.9% | -18.5% |
| Sector (XLK) | 34.1% | -15.9% |
Fundamental Drivers
The -34.3% change in SCKT stock from 5/31/2025 to 6/20/2026 was primarily driven by a -18.1% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.07 | 0.70 | -34.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18 | 15 | -16.6% |
| P/S Multiple | 0.5 | 0.4 | -18.1% |
| Shares Outstanding (Mil) | 8 | 8 | -3.8% |
| Cumulative Contribution | -34.3% |
Market Drivers
5/31/2025 to 6/20/2026| Return | Correlation | |
|---|---|---|
| SCKT | -34.3% | |
| Market (SPY) | 28.1% | -9.9% |
| Sector (XLK) | 66.8% | -10.9% |
Fundamental Drivers
The -47.9% change in SCKT stock from 5/31/2023 to 6/20/2026 was primarily driven by a -23.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6202026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.35 | 0.70 | -47.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19 | 15 | -23.1% |
| P/S Multiple | 0.5 | 0.4 | -22.5% |
| Shares Outstanding (Mil) | 7 | 8 | -12.6% |
| Cumulative Contribution | -47.9% |
Market Drivers
5/31/2023 to 6/20/2026| Return | Correlation | |
|---|---|---|
| SCKT | -47.9% | |
| Market (SPY) | 85.7% | 7.3% |
| Sector (XLK) | 137.9% | 6.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SCKT Return | 71% | -53% | -40% | 15% | -23% | -14% | -63% |
| Peers Return | 43% | -27% | 72% | 42% | 136% | 178% | 1594% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 98% |
Monthly Win Rates [3] | |||||||
| SCKT Win Rate | 42% | 42% | 33% | 42% | 33% | 50% | |
| Peers Win Rate | 71% | 29% | 75% | 67% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SCKT Max Drawdown | -80% | -62% | -62% | -39% | -43% | -38% | |
| Peers Max Drawdown | -15% | -37% | -15% | -33% | -37% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: P, VTIX, AAPL, SNDK, DELL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/18/2026 (YTD)
How Low Can It Go
| Event | SCKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.3% | -18.8% |
| % Gain to Breakeven | 28.7% | 23.1% |
| Time to Breakeven | 17 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.0% | -7.8% |
| % Gain to Breakeven | 20.4% | 8.5% |
| Time to Breakeven | 7 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.2% | -9.5% |
| % Gain to Breakeven | 64.5% | 10.5% |
| Time to Breakeven | 406 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.4% | -33.7% |
| % Gain to Breakeven | 76.5% | 50.9% |
| Time to Breakeven | 133 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -38.1% | -19.2% |
| % Gain to Breakeven | 61.4% | 23.8% |
| Time to Breakeven | 119 days | 105 days |
| 2013 Taper Tantrum | ||
| % Loss | -63.3% | -0.2% |
| % Gain to Breakeven | 172.6% | 0.2% |
| Time to Breakeven | 891 days | 1 days |
In The Past
Socket Mobile's stock fell -22.3% during the 2025 US Tariff Shock. Such a loss loss requires a 28.7% gain to breakeven.
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Asset Allocation
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| Event | SCKT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.3% | -18.8% |
| % Gain to Breakeven | 28.7% | 23.1% |
| Time to Breakeven | 17 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.2% | -9.5% |
| % Gain to Breakeven | 64.5% | 10.5% |
| Time to Breakeven | 406 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.4% | -33.7% |
| % Gain to Breakeven | 76.5% | 50.9% |
| Time to Breakeven | 133 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -38.1% | -19.2% |
| % Gain to Breakeven | 61.4% | 23.8% |
| Time to Breakeven | 119 days | 105 days |
| 2013 Taper Tantrum | ||
| % Loss | -63.3% | -0.2% |
| % Gain to Breakeven | 172.6% | 0.2% |
| Time to Breakeven | 891 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.8% | -17.9% |
| % Gain to Breakeven | 31.2% | 21.8% |
| Time to Breakeven | 57 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -25.5% | -15.4% |
| % Gain to Breakeven | 34.3% | 18.2% |
| Time to Breakeven | 626 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -79.7% | -53.4% |
| % Gain to Breakeven | 393.8% | 114.4% |
| Time to Breakeven | 4355 days | 1085 days |
In The Past
Socket Mobile's stock fell -22.3% during the 2025 US Tariff Shock. Such a loss loss requires a 28.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Socket Mobile (SCKT)
Socket Mobile (SCKT) specializes in providing wireless data capture and delivery solutions, primarily through devices that integrate with mobile applications. These solutions are fundamental for enhancing efficiency in a wide array of operational environments, including point-of-sale systems, asset tracking, manufacturing quality control, logistics, event management, and healthcare. The company's technology enables businesses to seamlessly integrate advanced data capture capabilities into their existing smartphone, mobile computer, and tablet-based workflows.
The company's main product offerings include a comprehensive range of cordless data capture devices that connect via Bluetooth. This includes the DuraScan 700 series and SocketScan 800 series barcode scanners, which support various barcode types from 1D linear to universal 2D and postal codes, with some models attachable to mobile devices. Additionally, Socket Mobile provides contactless RFID/Near Field Communication (NFC) reader/writers, such as the D600 for reading and writing electronic SmartTags and the S550 for membership cards. To support developers, the company offers Software Developer Kits (SDKs), and it also provides the SocketCare services program for extended warranty and accidental breakage coverage.
Socket Mobile serves a diverse global customer base across numerous industries, including retail, commercial services, industrial and manufacturing, transportation and logistics, healthcare, government, travel and hospitality, education, and agriculture. The company reaches its customers through a robust distribution network comprising distributors, online resellers, and application providers, alongside its own online stores. This broad market reach and channel strategy underscore its commitment to supporting a wide range of mobile application-driven data capture needs internationally.
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Here are a few brief analogies for Socket Mobile:
- Socket Mobile is like Zebra Technologies for smartphone-connected barcode scanners and RFID readers for businesses.
- Socket Mobile is like Square for data capture, providing specialized hardware and software to turn smartphones into tools for inventory, asset tracking, and mobile point-of-sale.
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- Cordless Barcode Scanners: Bluetooth-enabled devices for scanning 1D, 2D, stacked, and postal codes, including the DuraScan 700 and SocketScan 800 series.
- Contactless RFID/NFC Readers/Writers: Devices such as the D600 and S550 designed to read and write electronic SmartTags, facilitate NFC data transfer, and read membership cards.
- Software Developer Kits (SDKs): Tools provided to application developers to integrate advanced barcode scanning features into their mobile applications.
- SocketCare Services Program: An offering that provides extended warranty and accidental breakage coverage for Socket Mobile's products.
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Socket Mobile (SCKT) primarily sells its data capture and delivery solutions to other companies (Business-to-Business or B2B).
Based on the provided description, specific names of major customer companies are not disclosed. Instead, Socket Mobile's sales strategy involves reaching a broad array of end-user industries through a network of intermediary companies.
Therefore, while no specific customer company names can be provided, Socket Mobile's major customers include:
- Application Providers: These companies integrate Socket Mobile's software developer kits (SDKs) and hardware into their mobile applications, which are then used by end-users in various industries.
- Distributors and Online Resellers: These partners distribute Socket Mobile's cordless data capture devices and RFID/NFC readers to businesses across numerous sectors.
- Businesses within Key Industries: Although typically reached through the channels above, the ultimate beneficiaries and thus indirect major customers are businesses in industries such as retail, commercial services, industrial and manufacturing, transportation and logistics, healthcare, government, travel and hospitality, education, and agriculture and farming, who utilize Socket Mobile's products within their operations.
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Kevin J. Mills, President & Chief Executive Officer
Kevin Mills was appointed President and Chief Executive Officer of Socket Mobile, as well as a member of its Board of Directors, in March 2000. He previously served as Vice President of Operations, Vice President of Engineering, and Chief Operating Officer at Socket Mobile. Before joining Socket Mobile, he spent six years at Logitech, Inc., a computer peripherals company, most recently as Director of Operations. Kevin began his career as Quality Assurance Manager for NorthStar Computers Ireland. He holds a B.E. degree with honors in Electronic Engineering from the University of Limerick, Ireland. He is also referred to as a founder of Socket Mobile.
Lynn Zhao, Vice President of Finance and Administration, Secretary and Chief Financial Officer
Lynn Zhao was appointed Chief Financial Officer in May 2019. She served as the Company's Controller since January 2015 and was appointed Vice President and Controller in September 2017. Lynn holds an MBA degree from San Jose State University and a Bachelor of Science degree in chemistry from Xiamen University in China. Her employment contract was extended to March 31, 2028.
Dave Holmes, Chief Business Officer
Dave Holmes was appointed Chief Business Officer in May 2021. He is responsible for Socket Mobile's worldwide business development and marketing activities. With over 20 years of experience, he is a pioneer in the NFC and mobile payments industry, having worked with industry leaders NXP and Identive, and most recently with UL's Cybersecurity division. His employment contract was extended to March 31, 2028.
Eric Glaenzer, Chief Technology Officer
Eric Glaenzer was appointed as the new Chief Technology Officer on August 16, 2024. He has been with Socket Mobile since February 2005, serving initially as Director of Software and later as Vice President and Chief Software Architect since January 2019. Prior to these roles, Mr. Glaenzer was the company's Bluetooth Group Manager from 2003 to 2005. He began his career in 1991 as a Project Leader at SAFRAN, where he was responsible for secure identification systems for the French army. Mr. Glaenzer holds an MBA degree from HEC, Paris, and a Bachelor of Science degree in Engineering from EPITA in France. His agreement expires on June 30, 2028.
Leonard L. Ott, Senior VP and Chief Information Officer
Len Ott was appointed Executive Vice President of Engineering in January 2019. He is responsible for Socket Mobile's strategic technical direction and manages the company's internal IT infrastructure. Joining Socket Mobile in March 1994, Len has held increasingly responsible positions, starting as Senior Software Engineer and then Director of Software Development. He has been active in various trade associations and technical groups setting standards for mobile devices. Before joining Socket Mobile, Len was Vice President of Research and Development with Vision Network Systems. He holds a B.A. degree in Computer Science from the University of California at Berkeley. His employment contract was extended to March 31, 2026.
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The key risks to Socket Mobile's business primarily revolve around the rapidly evolving technological landscape, intense market competition, and inherent dependencies on external ecosystems and partnerships.
- Technological Obsolescence and Intense Competition: Socket Mobile operates in a highly competitive mobile data collection and ruggedized device market, contending with larger players like Zebra Technologies and Honeywell who possess significantly greater scale and research and development (RR&D) resources. The company's success is contingent on its continuous ability to innovate and maintain a competitive edge in product features, durability, and pricing. Rapid advancements in technology, including the increasing sophistication and native data capture capabilities of general-purpose mobile devices such as smartphones and tablets, pose a risk that could render Socket Mobile's specialized hardware products less necessary or even obsolete over time.
- High Dependency on Third-Party Mobile Operating Systems and Ecosystems: Socket Mobile's core business model is built on the seamless connection and integration of its data capture devices with third-party mobile operating systems, primarily Apple's iOS and Google's Android. This dependence means that any significant changes to the core functionality, security protocols, or accessory management policies within these operating systems could instantly disrupt product compatibility. Such changes would necessitate costly and time-consuming software updates and could potentially impede market adoption or even break product functionality, thereby impacting revenue, which is heavily driven by the deployment of third-party mobile applications that integrate Socket Mobile's offerings.
- Revenue Concentration and Reliance on Distribution and Developer Network: Socket Mobile faces a notable revenue concentration risk due to its reliance on a limited number of large OEM/reseller relationships and its extensive network of third-party application developers. A substantial portion of the company's sales is generated through these channels, meaning that the loss of even one or two major distribution partners or application developers could lead to a rapid and material decline in sales. This highlights a significant vulnerability in its go-to-market strategy and ongoing business performance.
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Socket Mobile, Inc. (SCKT) operates in several addressable markets with its data capture and delivery solutions, including barcode scanners and contactless RFID/NFC reader/writers. Their products cater to diverse industries such as retail, commercial services, asset tracking, manufacturing, transportation, logistics, event management, medical, and education.
Barcode Scanner Market
- The global barcode scanner market was valued at approximately USD 7.8 billion in 2025 and is projected to reach USD 13.3 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.89% from 2026-2034.
- Another estimate places the global barcode scanner market size at USD 7.86 billion in 2023, with a projection to reach USD 13.05 billion by the end of 2030, growing at a CAGR of 7.5% between 2024 and 2030.
- North America is a significant region in this market, with the United States showing robust demand due to retail automation, warehouse digitization, and advanced logistics networks. In 2025, North America held a market share of 36.27% for asset tracking, which extensively uses barcode scanning.
- Wireless barcode scanners, a key offering from Socket Mobile, lead the overall barcode scanner market with a 56% share. Handheld barcode scanners, another core product type, hold a 62% market share.
- The global 2D barcode reader market, a segment where Socket Mobile has offerings, was valued at USD 8.44 billion in 2025 and is projected to grow to USD 15.58 billion by 2034, at a CAGR of 7.10%. The handheld segment accounted for the largest share, at 59.11%, in 2026.
Healthcare Barcode Reader Market
- The global healthcare barcode reader market was valued at USD 341.8 million in 2023 and is anticipated to grow to USD 925.4 million by 2033, at a CAGR of 10.47%.
- Specifically, the global mobile healthcare barcode scanners market was valued at USD 540 million in 2024 and is projected to reach USD 692 million by 2032, with a CAGR of 3.9%. North America dominates this market.
RFID Reader/Writer Market
- The global RFID reader-writers market is expected to grow from USD 10.48 billion in 2025 to USD 15.65 billion by 2032, at a CAGR of 5.90%. North America is expected to hold the largest market share, approximately 40%.
- Within the broader RFID market, the RFID Readers Market was valued at USD 14.06 billion in 2023 and is expected to reach USD 36.89 billion by 2032, growing at a CAGR of 11.37%. High Frequency (HF) RFID, which includes NFC technology used in Socket Mobile's D600 and S550 products, accounted for approximately 47% of the market share in 2023.
Asset Tracking Market
- The global asset tracking market, where RFID and barcode scanning solutions are crucial, was valued at approximately USD 25.36 billion in 2023 and is predicted to grow to about USD 73.80 billion by 2032, with a CAGR of roughly 12.60%.
- North America dominated the asset tracking market with a market share of 36.27% in 2025. The RFID technology segment dominated the asset tracking market with over 31.0% revenue share in 2024.
Point of Sale (POS) Terminal Market
- The global point of sale (POS) terminal market was valued at USD 110.9 billion in 2023 and is projected to register a CAGR of 7.5% from 2024 to 2032.
- Another report estimated the global POS terminal market size at USD 123.15 billion in 2025, projected to reach USD 226.87 billion by 2033, growing at a CAGR of 7.9%.
- North America is the largest and most developed region in terms of POS terminal adoption, accounting for 40% of the global market share in 2024. The hardware segment, which includes barcode scanners and card readers, accounted for around USD 90 billion in market revenue in 2023.
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Expected Drivers of Future Revenue Growth for Socket Mobile (SCKT)
Over the next two to three years, Socket Mobile (SCKT) anticipates several key drivers to contribute to its revenue growth:
- New Product Launches and Adoption: The company expects new products launched in late 2023 and early 2024, including the DuraScan 700 series and SocketScan 800 series, along with the XtremeScan product line, to significantly impact revenue. Initial deliveries of these products have already contributed to recent revenue increases, with further positive impacts anticipated in the second half of 2024 and beyond.
- Expansion into the Industrial Market: Socket Mobile is strategically focusing on becoming a comprehensive data capture company, with a particular emphasis on penetrating the industrial scanning and handheld computing markets. The XtremeScan product line is specifically targeted at this sector, and its successful initial deployments to large industrial customers are considered a significant milestone for future growth.
- Growth of Recurring Revenue through Subscription Services: The company is developing its camera-based scanning technology and has introduced a subscription upgrade fee of $5.99 per month for enhanced camera scanning features. This subscription model aims to establish a recurring revenue stream as Socket Mobile expands its offerings beyond traditional hardware.
- Optimized Distribution Channel and Increased Sales-Out to End Customers: While reported revenue in 2023 was affected by a reduction in channel inventory, the underlying demand for Socket Mobile's products (sales-out from distributors to resellers and end customers) was healthier. As channel inventory normalizes, the company expects its reported GAAP revenue to better reflect actual customer demand, thereby driving future revenue growth.
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Share Issuance
- Socket Mobile's CEO, Kevin J. Mills, was granted 54,750 common stock options as repayment for 2025 voluntary compensation deductions, with an exercise price of $1.00 per share. These options will vest monthly over a four-year period starting February 27, 2026.
- In August, Socket Mobile completed a $1 million convertible note financing, which helped bolster its cash balance.
- The number of shares outstanding for Socket Mobile has increased by 4.86% in one year.
Inbound Investments
- Socket Mobile secured a $1 million convertible note financing in August. This financing was reportedly earmarked for expanding market reach into the new industrial market.
Capital Expenditures
- Socket Mobile's capital expenditures were reported as $400,000 in Q3 2024.
- In Q1 2025, the company's cash outflows included $50,000 for capital expenditures.
- The company has strategically invested significantly over the past two years to expand into the industrial scanning and handheld computing markets.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Socket Mobile Earnings Notes | 12/16/2025 | |
| Socket Mobile Stock Up 5.8%, Buy Or Wait? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 186.31 |
| Mkt Cap | 294.6 |
| Rev LTM | 8,561 |
| Op Inc LTM | 2,824 |
| FCF LTM | 2,488 |
| FCF 3Y Avg | 3,333 |
| CFO LTM | 2,708 |
| CFO 3Y Avg | 4,834 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 21.0% |
| Rev Chg 3Y Avg | 12.9% |
| Rev Chg Q | 25.9% |
| QoQ Delta Rev Chg LTM | 5.6% |
| Op Inc Chg LTM | 63.1% |
| Op Inc Chg 3Y Avg | 29.1% |
| Op Mgn LTM | 6.2% |
| Op Mgn 3Y Avg | 7.2% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 14.5% |
| CFO/Rev 3Y Avg | 15.7% |
| FCF/Rev LTM | 10.1% |
| FCF/Rev 3Y Avg | 10.9% |
Price Behavior
| Market Price | $0.70 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | -47.1% | |
| 50 Days | 200 Days | |
| DMA Price | $0.88 | $1.01 |
| DMA Trend | down | down |
| Distance from DMA | -20.5% | -30.5% |
| 3M | 1YR | |
| Volatility | 73.6% | 57.9% |
| Downside Capture | -78.95 | -13.21 |
| Upside Capture | -130.01 | -65.75 |
| Correlation (SPY) | -24.5% | -10.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.73 | -1.27 | -0.83 | -0.58 | -0.25 | 0.33 |
| Up Beta | -4.28 | -3.09 | -1.80 | -1.23 | -1.03 | -0.05 |
| Down Beta | 1.62 | -0.26 | -1.24 | -0.69 | 0.00 | 0.42 |
| Up Capture | 41% | 25% | -9% | -46% | -7% | 13% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 17 | 25 | 48 | 115 | 339 |
| Down Capture | -94% | -107% | -65% | 12% | 3% | 86% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 23 | 37 | 65 | 117 | 348 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCKT | |
|---|---|---|---|---|
| SCKT | -37.9% | 57.8% | -0.61 | - |
| Sector ETF (XLK) | 59.9% | 23.1% | 1.96 | -11.7% |
| Equity (SPY) | 26.5% | 12.4% | 1.61 | -11.2% |
| Gold (GLD) | 24.2% | 27.5% | 0.77 | -6.3% |
| Commodities (DBC) | 19.8% | 18.8% | 0.83 | 13.5% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | -8.5% |
| Bitcoin (BTCUSD) | -40.0% | 42.5% | -1.08 | 4.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCKT | |
|---|---|---|---|---|
| SCKT | -36.4% | 59.1% | -0.54 | - |
| Sector ETF (XLK) | 22.9% | 25.3% | 0.80 | 15.3% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 17.3% |
| Gold (GLD) | 17.1% | 18.3% | 0.76 | 1.4% |
| Commodities (DBC) | 7.5% | 19.4% | 0.29 | 10.2% |
| Real Estate (VNQ) | 1.9% | 18.9% | 0.00 | 13.2% |
| Bitcoin (BTCUSD) | 11.0% | 54.2% | 0.40 | 15.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SCKT | |
|---|---|---|---|---|
| SCKT | -15.8% | 184.3% | 0.21 | - |
| Sector ETF (XLK) | 25.4% | 24.7% | 0.93 | 4.7% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 5.5% |
| Gold (GLD) | 12.3% | 16.1% | 0.63 | -1.8% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 5.1% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 3.8% |
| Bitcoin (BTCUSD) | 60.0% | 66.8% | 1.00 | 4.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -3.1% | -3.4% | 1.1% |
| 2/23/2026 | 3.0% | -6.1% | -5.9% |
| 10/22/2025 | -2.3% | -4.8% | 20.8% |
| 7/31/2025 | -0.8% | -14.3% | -5.4% |
| 4/24/2025 | -6.2% | -0.8% | -13.2% |
| 2/25/2025 | -1.6% | -4.9% | -7.4% |
| 10/24/2024 | -8.9% | -11.3% | 18.5% |
| 7/31/2024 | -5.3% | -15.9% | 6.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 9 |
| # Negative | 18 | 20 | 15 |
| Median Positive | 10.0% | 13.2% | 14.8% |
| Median Negative | -6.6% | -8.8% | -18.1% |
| Max Positive | 44.0% | 17.9% | 31.7% |
| Max Negative | -25.5% | -30.2% | -38.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/5/2026 | -3.1% | -3.4% | 1.1% |
| 2/23/2026 | 3.0% | -6.1% | -5.9% |
| 10/22/2025 | -2.3% | -4.8% | 20.8% |
| 7/31/2025 | -0.8% | -14.3% | -5.4% |
| 4/24/2025 | -6.2% | -0.8% | -13.2% |
| 2/25/2025 | -1.6% | -4.9% | -7.4% |
| 10/24/2024 | -8.9% | -11.3% | 18.5% |
| 7/31/2024 | -5.3% | -15.9% | 6.2% |
| 5/1/2024 | -0.0% | 15.7% | 14.8% |
| 3/5/2024 | 0.0% | -1.9% | 3.5% |
| 10/27/2023 | -8.7% | -1.9% | 31.7% |
| 8/2/2023 | -7.1% | -8.3% | -19.2% |
| 4/27/2023 | -2.2% | -16.2% | -25.4% |
| 2/22/2023 | 3.7% | -0.5% | -4.7% |
| 10/27/2022 | -10.5% | -17.3% | -8.2% |
| 7/28/2022 | -4.4% | 1.0% | -2.0% |
| 4/28/2022 | -11.5% | -18.8% | -28.9% |
| 2/16/2022 | -16.6% | -23.0% | -19.8% |
| 10/21/2021 | -24.6% | -29.5% | -38.2% |
| 7/22/2021 | 44.0% | 10.7% | 5.7% |
| 4/22/2021 | -8.5% | -9.2% | -27.7% |
| 2/24/2021 | 16.2% | -1.6% | -18.1% |
| 11/17/2020 | 23.0% | 17.9% | 19.6% |
| 7/30/2020 | -25.5% | -30.2% | -37.9% |
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 9 |
| # Negative | 18 | 20 | 15 |
| Median Positive | 10.0% | 13.2% | 14.8% |
| Median Negative | -6.6% | -8.8% | -18.1% |
| Max Positive | 44.0% | 17.9% | 31.7% |
| Max Negative | -25.5% | -30.2% | -38.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/25/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/30/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/14/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/25/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/31/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/13/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 03/23/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/12/2020 | 10-Q |
| 03/31/2020 | 05/15/2020 | 10-Q |
| 12/31/2019 | 03/26/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
| 06/30/2019 | 08/14/2019 | 10-Q |
Insider Activity
Updated 6/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Marx, Felix | Direct | Sell | 2262026 | 1.00 | 3,000 | 3,000 | 8,643 | Form | |
| 2 | Bass, Charlie | Direct | Buy | 12012025 | 1.33 | 5,000 | 6,664 | 2,261,698 | Form | |
| 3 | Lazarev, Ivan | Direct | Buy | 12012025 | 1.31 | 8,993 | 11,801 | 115,365 | Form | |
| 4 | Bass, Charlie | Direct | Buy | 12012025 | 1.33 | 5,000 | 6,674 | 2,258,587 | Form | |
| 5 | Lazarev, Ivan | Direct | Buy | 12012025 | 1.28 | 7,286 | 9,326 | 101,023 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Marx, Felix | Direct | Sell | 2262026 | 1.00 | 3,000 | 3,000 | 8,643 | Form | |
| 2 | Bass, Charlie | Direct | Buy | 12012025 | 1.33 | 5,000 | 6,664 | 2,261,698 | Form | |
| 3 | Lazarev, Ivan | Direct | Buy | 12012025 | 1.31 | 8,993 | 11,801 | 115,365 | Form | |
| 4 | Bass, Charlie | Direct | Buy | 12012025 | 1.33 | 5,000 | 6,674 | 2,258,587 | Form | |
| 5 | Lazarev, Ivan | Direct | Buy | 12012025 | 1.28 | 7,286 | 9,326 | 101,023 | Form | |
| 6 | Bass, Charlie | Direct | Buy | 11252025 | 1.30 | 5,000 | 6,476 | 2,185,109 | Form | |
| 7 | Bass, Charlie | Direct | Buy | 11252025 | 1.26 | 5,000 | 6,276 | 2,111,018 | Form | |
| 8 | Bass, Charlie | Direct | Buy | 11252025 | 1.24 | 5,000 | 6,193 | 2,077,073 | Form | |
| 9 | Lazarev, Ivan | Direct | Buy | 11242025 | 1.20 | 5,428 | 6,514 | 85,966 | Form | |
| 10 | Lazarev, Ivan | Direct | Buy | 11242025 | 1.20 | 96 | 115 | 79,452 | Form | |
| 11 | Lazarev, Ivan | Direct | Buy | 11242025 | 1.14 | 30,005 | 34,107 | 75,152 | Form | |
| 12 | Lazarev, Ivan | Direct | Buy | 11242025 | 1.09 | 4,500 | 4,918 | 39,464 | Form | |
| 13 | Lazarev, Ivan | Direct | Buy | 11242025 | 1.03 | 10,067 | 10,370 | 32,560 | Form | |
| 14 | Bass, Charlie | Direct | Buy | 11202025 | 1.21 | 5,000 | 6,050 | 2,023,062 | Form | |
| 15 | Bass, Charlie | Direct | Buy | 11202025 | 1.24 | 5,000 | 6,214 | 2,071,521 | Form | |
| 16 | Bass, Charlie | Direct | Buy | 11182025 | 1.24 | 5,000 | 6,205 | 2,062,482 | Form | |
| 17 | Bass, Charlie | Direct | Buy | 11182025 | 1.25 | 5,000 | 6,260 | 2,074,338 | Form | |
| 18 | Bass, Charlie | Direct | Buy | 11142025 | 1.24 | 5,000 | 6,185 | 2,043,465 | Form | |
| 19 | Bass, Charlie | Direct | Buy | 11142025 | 1.17 | 3,801 | 4,436 | 1,921,993 | Form | |
| 20 | Bass, Charlie | Direct | Buy | 11122025 | 1.11 | 5,000 | 5,558 | 1,826,362 | Form | |
| 21 | Bass, Charlie | Direct | Buy | 11122025 | 1.10 | 5,000 | 5,478 | 1,794,594 | Form | |
| 22 | Bass, Charlie | Direct | Buy | 11102025 | 1.09 | 5,000 | 5,462 | 1,784,217 | Form | |
| 23 | Bass, Charlie | Direct | Buy | 11102025 | 1.09 | 5,000 | 5,469 | 1,780,872 | Form | |
| 24 | Bass, Charlie | Direct | Buy | 11062025 | 1.08 | 5,000 | 5,379 | 1,746,186 | Form | |
| 25 | Bass, Charlie | Direct | Buy | 11062025 | 1.04 | 5,000 | 5,217 | 1,688,379 | Form | |
| 26 | Bass, Charlie | Direct | Buy | 11052025 | 1.03 | 5,000 | 5,173 | 1,668,966 | Form | |
| 27 | Bass, Charlie | Direct | Buy | 11052025 | 0.98 | 5,000 | 4,918 | 1,581,938 | Form | |
| 28 | Parnell, William L JR | Direct | Buy | 8252025 | 0.98 | 3,500 | 3,448 | 74,220 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Hardware, Storage & Peripherals Resources |
| The Verge |
| TechRadar |
| Tom’s Hardware |
| PCMag |
| CNET |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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