Socket Mobile announces Q3 EPS of (15c), unchanged from last year
Q3 Revenue Performance: The company reported Q3 revenue of $3.1M, down from $3.9M last year, with steady sales-out to end users despite a traditionally slower quarter.
Market Conditions and Challenges: Delayed deployment deals and cautious customer spending contributed to lower revenue, while slower distributor bookings and reduced channel inventory were also noted.
Cost-Saving Measures: Management implemented cost-saving strategies, achieving a 13% reduction in operating expenses compared to Q3 last year and a 6% decrease from the previous quarter.
Future Outlook: The company remains committed to investing in new and existing products for the industrial market, with a focus on long-term revenue growth despite ongoing market headwinds.
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- Product Launch: Socket Mobile has introduced the SocketScan S721, a next-generation Bluetooth barcode scanner designed for Square iOS applications and other leading mobile POS platforms, expected to replace the SocketScan S720 as the primary handheld scanner.
- Technology Upgrade: The S721 incorporates Bluetooth Low Energy technology, providing faster pairing and more reliable connections while extending battery life, ensuring stable scanning performance in busy retail and service environments.
- Enhanced Compatibility: This scanner is fully compatible with the latest version of Socket Mobile's CaptureSDK, supporting applications like Square Point of Sale, catering to various mobile data capture needs including retail, inventory management, and asset tracking.
- Preorder and Shipping: The SocketScan S721 is available for preorder on the Socket Mobile website and is expected to begin shipping at the end of January, with free worldwide shipping offered for all orders placed before February 28.
- Product Innovation: Socket Mobile's launch of the DuraScan terminal series, including the DT841 and DT862 optimized for the iPhone 16e, offers scanning ranges of up to 20 inches and 14 feet, addressing the needs of modern mobile workers in fast-paced environments and enhancing data capture efficiency and accuracy.
- Portability and Durability: The new terminals feature a lightweight design and rugged rubberized housing that withstands drops and daily wear, while supporting all-day battery performance, thereby increasing the flexibility and reliability of mobile professionals in their workflows.
- Compatibility and Integration: The DuraScan series is fully compatible with Socket Mobile's CaptureSDK, with over 1,000 business applications already supporting the SDK, streamlining the data capture process and fostering innovation in mobile data handling for enterprises.
- Market Positioning: This product launch reflects Socket Mobile's vision for the future of mobile data capture, aiming to meet customer demands for efficient data processing by providing lightweight and reliable tools, thereby enhancing the company's competitiveness in the rapidly evolving mobile solutions market.

- Product Innovation: Socket Mobile has launched the DuraScan Terminal series, including the DT841 and DT862, optimized for the iPhone 16e, delivering professional-grade scanning performance tailored for modern mobile workers in fast-paced environments.
- Enhanced Scanning Performance: The DT841 supports standard-range scanning up to 20 inches, while the DT862 offers mid-range scanning capabilities of up to 14 feet, significantly improving data capture efficiency for mobile professionals in travel, service, and customer support roles.
- User Experience Optimization: The new terminals feature ruggedized protective housings and all-day battery performance, ensuring users can move freely between locations while maintaining the speed and reliability of enterprise-grade scanning, thereby enhancing work efficiency.
- Compatibility and Integration: The DuraScan series is fully compatible with Socket Mobile's CaptureSDK, supporting over 1,000 business applications, allowing developers to achieve plug-and-play data capture, which enhances user flexibility and operational efficiency.

B. Riley Financial Performance: B. Riley Financial Inc reported a significant turnaround with earnings of $4.50 per share for Q2, compared to a loss of $14.35 per share a year ago, and sales increased to $225.302 million from $94.885 million, leading to a 25% rise in share price during pre-market trading.
Pre-Market Stock Movements: Several stocks experienced notable pre-market trading movements, with Biodexa Pharmaceuticals gaining 51.4% and Venus Concept surging 31.1%, while Radiopharm Theranostics saw a sharp decline of 39.8%.
Other Notable Gainers: Other stocks that rose in pre-market trading included Uniqure NV (+14.1%), Adagio Medical Holdings (+11.7%), and Sunrise New Energy (+10.5%), reflecting a mix of recovery and growth in various sectors.
Significant Losers: Stocks that faced declines included iRobot Corp, which fell 23.2% after filing for Chapter 11 bankruptcy, and Saverone 2014 Ltd, which tumbled 37.8% following a previous gain, indicating volatility in the market.

- Product Innovation: Socket Mobile's launch of the XtremeScan v16e industrial barcode scanner, optimized for the iPhone 16e, features a lighter design and longer battery life, significantly enhancing the user experience for frontline mobile workers.
- User Feedback Driven: The new device's design is based on extensive customer feedback, addressing the needs for better ergonomics and higher performance in sectors like warehousing, logistics, and manufacturing, thereby increasing its appeal in a competitive market.
- Multi-Functional Integration: The XtremeScan v16e allows users direct access to the iPhone's camera system, supporting photo, video, and barcode data capture, further expanding the range of tasks for frontline workers and improving operational efficiency.
- Market Launch Plan: The product line is now available on the Socket Mobile website and will be launched through global distribution partners in Q1 2026, expected to drive growth for the company in the industrial data capture market.

- Product Upgrade: Socket Mobile's launch of the XtremeScan v16e, optimized based on customer feedback, features a lighter design and higher battery capacity, enabling longer shifts and enhancing the user experience for frontline mobile workers.
- Functionality Enhancement: The new devices support USB-C charging and full access to the iPhone 16e camera, allowing users to easily capture photos, videos, and barcode data without sacrificing durability, thereby expanding the range of field tasks.
- Market Adaptability: The XtremeScan v16e maintains an IP67 rating for protection, ensuring reliability in harsh environments, while upgraded scanning components enhance speed and reliability across varying distances and lighting conditions, meeting the needs of modern mobile teams.
- Compatibility Improvement: This series is fully compatible with Socket Mobile's CaptureSDK, allowing developers to implement high-performance data capture within their applications, enhancing seamless integration with existing business apps and further driving market acceptance.






