SCKT SOCKET MOBILE, INC.

Overview and Growth

Fiscal 2025 results for SOCKET MOBILE, INC. combined $15.08M of revenue with net loss of $14.38M and an operating cash outflow of $1.25M. The $15.08M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 19.6% from $18.76M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$1.81, which connects the reported earnings outcome with the company’s diluted share count. The diluted weighted-average share count was 7.93M, linking total earnings with the per-share result received by shareholders. The company employed $14.44M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 1.04x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $7.49M as gross profit before recognizing operating expenses and other items. Gross margin was 49.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced a $3.22M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 21.3%, showing the shortfall after operating costs. The company ended the period with a net loss of $14.38M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 95.4% after all recognized items. EBITDA was negative $1.89M, showing a deficit before interest, taxes, depreciation, and amortization. The reported tax benefit was $10.66M, favorably bridging the pretax and after-tax results. Relative to period-end equity, the net loss represented 336.1%. Relative to total assets, the net loss represented 99.6%. Compared with a $2.24M net loss in fiscal 2024, the current loss increased to $14.38M.

Liquidity and Capital Structure

The company held $14.44M of assets against $10.16M of liabilities and $4.28M of equity, revealing how the asset base was financed. The near-term balance sheet paired $8.64M of current assets with $8.44M of current liabilities at the reporting date. The current ratio was 1.02x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $2.03M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 24.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The equity-to-assets relationship was 29.6%, placing book capital against the total resource base. The liabilities-to-assets relationship was 70.4%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 14.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 47.2% from $27.35M in fiscal 2024, leaving current total assets lower year over year. Against $18.16M of equity in fiscal 2024, the current book-equity balance moved 76.4% and ended lower. Compared with $2.49M in fiscal 2024, the current cash balance moved 18.4% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $1.25M, showing that operations absorbed cash during the period. The company spent $537.13K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $1.79M cash deficit after capital spending for the period. Free-cash-flow margin was -11.9%, reflecting a cash deficit equal to 11.9% of revenue after capital spending. The free-cash-flow deficit equaled 12.4% of total assets, placing the cash shortfall against the company’s resource base. Compared with a $521.49K operating cash outflow in fiscal 2024, the current outflow increased to $1.25M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.