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Socket Mobile Reports Fourth Quarter 2024 and Full Year Results

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FREMONT, Calif., Feb. 25, 2025 /PRNewswire/ — Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”) for the three and twelve months ended December 31, 2024.

Fourth Quarter 2024 Financial Highlights: 

Revenue of $4.8 million, a 10% increase compared to $4.4 million in the comparable prior year quarter and a 25% increase sequentially compared to $3.9 million in Q3 2024.

Gross margin of 51.0% compared with 52.8% in the prior year quarter and 49.0% in the preceding quarter.

Operating loss was $411,000 compared to an operating loss of $476,000 a year ago and an operating loss of $1,031,000 in the preceding quarter.

Diluted earnings per share of $0.00 compared to diluted earnings per share of $0.08 a year ago and a net loss per share of ($0.15) in the prior quarter.

Full Year 2024 Financial Highlights:

Revenue for the full year of 2024 was $18.8 million versus $17.0 million in 2023, an increase of 10.2% year-over-year.

Gross margin for 2024 was 50.4% compared to 49.7% in 2023.

Operating loss was $2.5 million in 2024 compared to operating loss of $3.1 million in 2023.

Net loss per share of ($0.30), compared to a net loss per share of ($0.27) in the prior year.

“Our financial performance in both Q4 and 2024 improved compared to 2023, driven by the growth of our business serving retail POS application providers. Adoption in the warehousing and logistics sectors is taking longer than expected. Through our evaluation, we’ve identified key areas for improvement and are taking steps to strengthen our position,” said Kevin Mills, President, and Chief Executive Officer.

“In 2024, we focused on expanding our market presence with the launch of several new products. The XtremeScan product family grew with the introduction of XtremeScan Mag devices—XS630, XS640, XG630, and XG640—designed for the increasing number of workers who use a single phone for both personal and business needs. The Bring Your Own Device (BYOD) category represents a significant yet underserved market where we see strong growth potential. The BYOD XtremeScan products are complementary to the Xtreme version and use dedicated iPhones.

Additionally, we introduced the S320, our first countertop QR Code Payment Reader, offering a versatile solution for retail POS application providers. Beyond QR Code payment processing, the S320 supports age verification, access control, ticket validation, loyalty programs, and couponing. We also updated our CaptureSDK and our entire line of barcode scanners and NFC reader/writers to be fully compatible with iOS 18,” continued Mr. Mills.

“As part of our ongoing efforts to enhance customer engagement, we launched a new website and an updated developer portal, Alfred—an AI-powered tool that provides CaptureSDK developers with 24/7 multilingual support. The improved platform offers streamlined navigation and content, making it easier for users to access resources and explore our full range of solutions.”

“Looking ahead, we remain committed to innovation, expanding our product offerings, and strengthening our market position. By improving our technology and customer support, we are building a solid foundation for the future. We appreciate the support of our customers and partners as we move forward,” concluded Mills.

Conference Call
The management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly and year-end results and outlook for the future. The dial-in number to access the live conference call is (800) 237-1091, toll-free from within the U.S., or (848) 488-9280 (toll).

About Socket Mobile, Inc.   
Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile’s revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile’s cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn, X, and keep up with our latest News and Updates.

Forward-Looking Statements 
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computers and data collection products, including details on the timing, distribution, and market acceptance of the products, and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.

Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
lynn@socketmobile.com

Socket is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.

© 2025, Socket Mobile, Inc. All rights reserved.

–      Financial tables to follow –

 

Socket Mobile, Inc.
Condensed Summary Statements of Operations
(Amounts in thousands except per share amounts)

Year ended Dec 31,

Three months ended Dec 31,

(Unaudited)
2024

 2023*

(Unaudited)
2024

 2023*

Revenue

$ 18,763

$ 17,034

$    4,831

$    4,398

Cost of revenue

9,311

8,571

2,366

2,078

Gross profit

9,452

8,463

2,465

2,320

   Gross profit percent

50.4 %

49.7 %

51.0 %

52.8 %

Research & development

4,721

4,832

1,119

1,188

Sales & marketing

4,414

4,016

1,106

1,003

General & administrative

2,779

2,736

651

605

   Total operating expenses

11,914

11,584

2,876

2,796

Operating income (loss)

(2,462)

(3,121)

(411)

(476)

Interest expense

(331)

(242)

(102)

(72)

Loss before income taxes

(2,793)

(3,363)

(513)

(548)

Deferred income tax benefit (expense)

551

1,444

551

1,460

Net income (loss)

$  (2,242)

$    (1,919)

$        38

$         912

Net income (loss) per share:

   Basic

$    (0.30)

$     (0.27)

$     0.00

$       0.11

   Fully diluted

$    (0.30)

$     (0.27)

$     0.00

$       0.08

Weighted average shares outstanding:

   Basic

   Fully diluted

 

 7,558

 7,558

 

7,230

7,230

   

  7,605

  7,703

   

  7,327

          9,486

*Derived from audited financial statements. 

 

Socket Mobile, Inc.
Condensed Summary Balance Sheets
(Amounts in Thousands)

 (Unaudited)
December 31, 2024


December 31,
2023*

Cash

$        2,492

$     2,827

Accounts receivable

1,588

1,700

Inventories

4,942

5,409

Deferred costs on shipments to distributors

Other current assets

           143

           431

              323

              441

Property and equipment, net

2,787

3,033

Deferred tax assets

10,663

10,112

Intangible assets, net

1,432

1,559

Operating leases right-of-use assets

2,604

3,088

Other long-term assets

264

250

Total assets

$      27,346

$   28,742

Accounts payable and accrued liabilities

$        1,977

$     2,185

Subordinated convertible notes payable, net of discount

150

150

Subordinated convertible notes payable, net of discount-related party

3,818

2,836

Deferred revenue on shipments to distributors

392

826

Deferred service revenue

31

33

Operating lease liabilities

2,817

3,292

Total liabilities

9,185

9,322

Common stock

69,374

68,391

Accumulated deficit

(50,175)

(47,933)

Treasury stock

(1,038)

(1,038)

Total equity

18,161

19,420

Total liabilities and equity

$      27,346

$ 28,742

*Derived from audited financial statements. 

 

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SOURCE Socket Mobile, Inc.

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Lahaina art gallery turns tragedy into technology with FIRST LOOK

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Harte International Galleries to launch first of its kind “gallery in your pocket”.

LAHAINA, Hawaii, April 21, 2026 /PRNewswire/ — Following the devastating Maui wildfire of August 8, 2023, which destroyed its Lahaina gallery, Harte International Galleries announces the launch of FIRST LOOK, an innovative digital application designed to bring investment grade art directly to collectors. This new “gallery in your pocket” app ensures continued access to masterworks and new releases, embodying the gallery’s resilience and commitment to its clientele.

Maui art gallery turns tragedy into innovation with a fine art APP that’s a gallery in your pocket, called FIRST LOOK.

To explore the FIRST LOOK app and discover its unique offerings, please visit: www.hartegalleries.com

Reimagining Art Access 

“FIRST LOOK from Harte International Galleries is not just an app; it’s a vibrant new chapter for art enthusiasts, offering an engaging and informative way to discover masterpieces by iconic artists such as Picasso, Chagall, Miro, Salvador Dali and even Sir Anthony Hopkins at discounted prices, thanks to the elimination of traditional gallery overheads, making world-class art more accessible and enjoyable than ever before,” said Glenn Harte.

With physical rebuilding efforts in Lahaina currently stalled, Glenn and Devon Harte, owners of Harte International Galleries, developed FIRST LOOK as a direct response to the loss of their physical space. This digital platform allows the gallery to rebuild its inventory and continue serving loyal collectors without the overhead of a traditional brick-and-mortar location. The app provides a fun, informative, and accessible way to engage with fine art.

Direct Access to Masterworks

FIRST LOOK offers collectors unparalleled, immediate access to new acquisitions and exclusive releases. Members receive instant notifications on their mobile phones, complete with images, detailed descriptions, and pricing for each piece. This direct communication channel allows members to inquire about art with a single tap, connecting them directly with the gallery owners.

The app features a curated selection of renowned artists and masterworks, including:

Masterworks: Picasso, Chagall, Miro, Matisse, Rembrandt, Durer, Salvador Dali.New Releases: Sir Anthony Hopkins and famed graffiti artist Rascal.

By leveraging FIRST LOOK, Harte International Galleries continues its legacy of providing access to exceptional art, adapting to new realities while maintaining the highest standards of quality and authenticity. Further information about the app and its offerings is available at: www.hartegalleries.com 

Harte International Galleries, formerly of Lahaina, Maui has rebuilt with a digital gallery for serious collectors, called FIRST LOOK.

Known for offering museum grade art from Picasso, Chagall, Miro, Matisse, Dali, Rembrandt, Durer, Sir Anthony Hopkins and Rascal – Harte International Galleries uses innovation to create a digital gallery.

go to: www.hartegalleries.com

Media Contact:
Glenn Harte
glennharte@hartegalleries.com 

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SOURCE Harte International Galleries

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As homes get smarter, new global research names Aiper as the world’s No.1 smart robotic pool cleaner brand

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New research reveals Aiper holds the position of the world’s No.1 brand of smart robotic pool cleaners based on 2026 manufacturer sales volume worldwide

SYDNEY, April 22, 2026 /PRNewswire/ — As technologies like artificial intelligence (AI) become embedded in everyday life1, homeowners are embracing innovation more than ever. This trend is reflected in new global research which names Aiper the world’s No.1 brand of smart robotic pool cleaners*. From robot vacuums indoors to smart security, lighting and energy systems, homeowners are now seeking systems that help optimise energy use, align with cost-saving goals and reduce environmental impact, without sacrificing comfort or convenience.

According to independent research by Euromonitor International, completed in December 2025, Aiper ranked No.1 globally based on manufacturer sales volume worldwide. The findings come as smart home adoption accelerates globally, valued at more than $147 billion USD in 2025 and projected to grow rapidly over the next decade2, as households prioritise automation that improves efficiency and supports sustainability goals.

Pool care is following the same trajectory. With more than 3.1 million Australians living in homes with a swimming pool or spa3, demand is growing for intelligent, low-effort systems that can operate autonomously, efficiently and reliably, while helping households manage energy use and ongoing maintenance costs.

Aiper’s innovation-led approach was formally recognised at the 2026 Consumer Electronics Show (CES) in Las Vegas, where Euromonitor International presented Aiper with an official certificate acknowledging its global sales leadership. The recognition highlights not only the brand’s growth, but the accelerating mainstream adoption of intelligent robotics in outdoor living.

Aiper’s next innovation, the Scuba V3, is the world’s first cognitive AI-powered robotic pool cleaner. Lightweight and easy to use, it cleans 10x faster with AI vision that identifies 20+ debris types in 3 seconds. Using Cognitive AI Navium™ mode, it automatically adapts cleaning paths, suction, and frequency to each pool, delivering a true set-it-and-forget-it experience for crystal-clear water. Demonstrating how robotics and AI can support more sustainable, low-effort outdoor living while helping households better manage energy and water use.This model will be available in the Australia market during Spring season.

This growing momentum is also being recognised by Aiper’s key retail partner in Australia, Clark Rubber. “At Clark Rubber, we’re seeing strong growth in demand for smarter, more efficient pool care solutions as Australian households look to reduce maintenance time, energy use and overall costs. Aiper’s global recognition reflects the increasing role that innovation and intelligent technology are playing in outdoor living. As a key retail partner, we’re excited to bring these advanced solutions to Australian consumers and support the shift toward more sustainable, low-effort pool ownership.” said Anthony Grice, CEO Clark Rubber.

For Australian households, long swimming seasons, outdoor lifestyles, and rising energy costs make smart, efficient systems a practical necessity. Aiper’s global recognition marks a turning point for smart outdoor living, where advanced robotics and AI are increasingly powerful, accessible, and sustainable, shaping the way modern homes evolve. For more information, visit https://aiper.com/au/home

Research and Citations

https://hai.stanford.edu/ai-index/2025-ai-index-report  https://www.fortunebusinessinsights.com/industry-reports/smart-home-market-101900https://www.roymorgan.com/findings/9311-australian-swimming-pool-ownership-march-2023

About Aiper

Aiper is the global pioneer of cordless robotic pool cleaning technology and a leader in smart yard product solutions. Aiper empowers homeowners to transform their backyards into a personal vacation retreat with the help of innovative, smarter, and greener product solutions. Aiper has been recognised as a CES Innovation Awards honouree in 2023, 2024, and 2025, underscoring its commitment to pioneering smart yard solutions.

*Aiper is the No.1 brand of smart robotic pool cleaner in the world in terms of sales volume.

Source: Euromonitor International Co., Ltd., in terms of 2025 manufacturer sales volume (units) in the world. Smart robotic pool cleaner is
defined as: intelligent service robots integrating mechanical, electronic, software algorithm and sensor technologies. They autonomously or
with minimal human intervention perform pool cleaning and maintenance tasks, typically featuring smart navigation, path planning, and
multiple cleaning modes. Research completed in 2026/3.

 

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Slip And Fall Vs Premises Liability Explained By HelloNation Featuring Personal Injury Attorney Joe Stanley

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The article clarifies how property owner responsibility and legal negligence affect injury claims under New York law.

WATERTOWN, N.Y., April 21, 2026 /PRNewswire/ — What is the difference between slip and fall incidents and premises liability when someone is injured on another person’s property? The answer is addressed in a HelloNation article featuring insights from Joe Stanley of Stanley Law Offices LLP in Watertown, New York.

The HelloNation article explains that, while slip-and-fall and premises liability are often used interchangeably, they are not the same under New York law. A slip and fall refers to the actual event in which a person slips, trips, or falls due to a condition on a property. Premises liability, however, is the legal framework used to determine whether a property owner is responsible for an injury. This distinction is important because not every slip-and-fall incident results in a valid injury claim.

According to the article, property owner responsibility in Watertown NY, depends on whether the owner knew or should have known about a hazardous condition. New York law requires property owners to maintain safe premises and to warn visitors about known dangers. This duty applies broadly to commercial properties, rental units, and private homes that welcome guests. The article notes that hazards such as wet floors, icy walkways, or poor lighting may result in premises liability if they are not addressed in a reasonable time.

The article further emphasizes that legal negligence is the key factor in determining liability. Courts evaluating injury claims consider whether a property owner took reasonable steps to inspect and maintain the property. This includes reviewing maintenance practices, prior complaints, and the foreseeability of the risk. If a hazard appeared suddenly and the property owner had no reasonable opportunity to correct it, premises liability may not apply, even if a slip and fall occurred.

The HelloNation article also highlights how property owner responsibility extends to regular inspections, timely repairs, and proper warning signs. In Watertown NY, failing to clear snow or ice, ignoring spills, or neglecting adequate lighting can contribute to legal negligence. At the same time, the article explains that property owners who actively maintain their premises and provide clear warnings are less likely to face liability under New York law.

For individuals pursuing injury claims, understanding the distinction between slip-and-fall incidents and premises liability is essential. The article advises that documenting the scene, taking photographs, and seeking prompt medical attention can help support a claim. These steps are important in establishing whether legal negligence played a role and whether the property owner’s responsibility can be demonstrated.

The article also explains that not all accidents meet the legal threshold for premises liability. A slip and fall caused by an unexpected personal item or hazard that could not have been anticipated may not result in a valid claim. This reinforces the importance of evaluating each case based on the facts and the standards set by New York law.

By clarifying these distinctions, the HelloNation article provides readers in Watertown NY with practical guidance on how slip and fall incidents are evaluated within the broader concept of premises liability. Understanding how legal negligence and property owner responsibility are applied can help individuals better navigate injury claims and make informed decisions after an accident.

Slip and Fall vs. Premises Liability in Watertown, NY features insights from Joe Stanley, an attorney in Watertown, New York, on HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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