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Socket Mobile Reports Second Quarter 2026 Results

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FREMONT, Calif., July 30, 2026 /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 six months ended June 30, 2026.

Second Quarter 2026 Financial Highlights:

Revenue of $3.0 million, reflecting a 25% decrease compared to $4.0 million for the prior year’s quarter, and an 18% sequential decrease compared to $3.7 million for the preceding quarter.Gross margin of 46.4% versus 49.9% in the prior year’s quarter and 51.3% in the preceding quarter.Operating expenses of $2.6 million, compared to $2.7 million in the prior year period and the preceding quarter.Operating loss amounted to $1,195,000, compared to a $677,000 loss in the prior year’s quarter, and a loss of $760,000 in the preceding quarter.Cash balance as of June 30, 2026, was approximately $1.6 million, slightly lower from $1.7 million at March 31, 2026.

“Our second-quarter results reflect the continued challenges in the retail market,” said Dave Holmes, President and Chief Executive Officer. “While market conditions remain uncertain, we continue to focus on supporting our customers, executing our strategic priorities, and managing our business with financial discipline. We expect our cost management initiatives to continue throughout the remainder of the year as we align our operating expenses with current business conditions while maintaining our ability to support future growth opportunities.”

The Company continues to focus on expanding opportunities for its data capture solutions across multiple vertical markets while maintaining disciplined expense management. Management believes these actions position the Company to respond effectively as customer demand improves.

Conference Call
Management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future. Please attend the conference call using the information below:

Join Online: https://v.ringcentral.com/join/745700078
Meeting ID: 745700078

Dial-In: +1 (267) 930-4000
Access Code / Meeting ID: 745700078

International Dial-In Numbers: https://v.ringcentral.com/teleconference

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

© 2026, Socket Mobile, Inc. All rights reserved.

– Financial tables to follow –

Socket Mobile, Inc.

Condensed Summary Statements of Operations (Unaudited)

(Amounts in thousands except per share amounts)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Revenue

$ 3,033

$   4,042

$   6,734

$   8,008

Cost of revenue

1,625

2,024

3,428

3,992

Gross margin

1,408

2,018

3,306

4,016

   Gross margin percent

46.4 %

49.9 %

49.1 %

50.2 %

Research & development

1,053

1,101

2,143

2,233

Sales & marketing

809

1,025

1,711

2,131

General & administrative

741

569

1,407

1,223

   Total operating expenses

2,603

2,695

5,261

5,587

Operating loss

(1,195)

(677)

(1,955)

(1,571)

Interest expense, net

(151)

(115)

(291)

(215)

Income tax benefit (expense)

Net loss

$   (1,346)

$    (792)

$   (2,246)

$   (1,786)

Net loss per share:

   Basic

$  (0.16)

$   (0.10)

$    (0.27)

$    (0.23)

   Fully diluted

$  (0.16)

$   (0.10)

$    (0.27)

$    (0.23)

Weighted average shares outstanding:

   Basic

   Fully diluted

8,245

8,245

        7,937

        7,937

8,190

8,190

7,884

7,884

 

Socket Mobile, Inc.

Condensed Summary Balance Sheets

(Amounts in Thousands)

 (Unaudited)

June 30, 2026

December 31, 2025*

Cash

$        1,605

$      2,032

Accounts receivable

1,170

1,711

Inventories

3,820

4,221

Deferred costs on shipments to distributors

111

122

Other current assets

548

548

Property and equipment, net

1,771

2,125

Intangible assets, net

1,241

1,305

Operating leases right-of-use assets

1,818

2,087

Other long-term assets

286

286

Total assets

$      12,370

$   14,437

Accounts payable and accrued liabilities

$        1,733

$     2,023

Subordinated convertible notes payable, net of discount

350

400

Subordinated convertible notes payable, net of discount-related party

5,490

5,083

Deferred revenue on shipments to distributors

304

336

Deferred service revenue

102

28

Operating lease liabilities

2,008

2,289

Total liabilities

$       9,987

10,159

Common stock

70,220

69,870

Accumulated deficit

(66,799)

(64,554)

Treasury stock

(1,038)

(1,038)

Total equity

$      2,383

4,278

Total liabilities and equity

$    12,370

14,437

*Derived from audited financial statements.

 

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SOURCE Socket Mobile, Inc.

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Dreame to Launch X60 Ultra Extreme in Singapore on 1 September 2026

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Extreme Reach, Extreme Precision. The Flagship Upgrade to the X60 Series, led by its industry-leading Dual Ultra Extend Arms for deeper edge and corner cleaning.

SINGAPORE, Aug. 11, 2026 /PRNewswire/ — Dreame will officially launch the Dreame X60 Ultra Extreme in Singapore on 1 September 2026, following an Early Bird campaign beginning on 17 August 2026.

Built around the campaign theme “Extreme Reach, Extreme Precision,” X60 Ultra Extreme is Dreame’s latest flagship robot vacuum, designed to clean beyond open floor areas and reach further into corners, furniture recesses and spaces beneath cabinets.

Its key innovation is Dreame’s industry-leading Dual Ultra Extend Arm Technology, a dual joint system that allows both the side brush and mop pad to extend and adjust their angles according to the surrounding space. The SideReach side brush extends by up to 12cm, while the MopExtend system reaches up to 18cm diagonally, helping to reduce areas that would otherwise require manual follow-up cleaning.

Dreame is the world’s first brand to launch a robot vacuum featuring dual bionic extending robotic arms, including multi-stage extending bionic robotic arms. For years, fixed-form robot vacuums have been constrained by physical limits, leaving corners and edges uncleaned. Our extendable arm technology breaks this barrier, expanding cleaning coverage and delivering truly seamless autonomous cleaning.

More adaptive whole-home cleaning

The X60 Ultra Extreme combines its extended cleaning reach with Dreame’s upgraded AI-Enhanced OmniSight System, featuring dual 120° wide-angle AI cameras, lateral 3D structured light and LED illumination. Together, these technologies enable more responsive navigation, precise obstacle avoidance and intelligent whole-home cleaning.

Its Proactive Illumination Dirt Detection system is designed to identify fine particles, hair and lighter-coloured liquids, then adjust the robot’s cleaning strategy according to the type of mess detected. For dry debris, the robot can increase suction and lift its mop pads. For liquid messes, the brushes lift while the mop pads lower, helping to reduce the risk of wet debris entering the dust box or being spread across the floor.

Delivering up to 42,000Pa Vormax suction, the X60 Ultra Extreme offers industry-leading cleaning power to collect dust, hair and larger household debris across hard floors and carpets. It also features the upgraded HyperStream Detangling DuoBrush 2.0, designed to collect debris effectively while reducing hair entanglement.

For mopping, its Dual Omni-Scrub mop pads rotate at up to 280RPM and apply up to 15N (Imagine a 1.5kg bag of rice) of downward pressure to tackle more stubborn stains. VersaLift Navigation also retracts the robot’s sensor when entering low-clearance areas, allowing it to clean beneath suitable beds, sofas and cabinets while maintaining intelligent navigation.

The upgraded ProLeap Obstacle Crossing System enables the robot to clear eligible single layer obstacles of up to 5.2cm and double-layer obstacles of up to 10cm, subject to specified obstacle dimensions.

Automated maintenance through the PowerDock

After cleaning, the X60 Ultra Extreme returns to its all-in-one PowerDock for automated maintenance.

The PowerDock features Dreame’s industry-first 100°C ThermoHub Mop Self-Cleaning system, which heats the washboard surface to temperatures of up to 100°C under Dreame laboratory conditions, helping to loosen grease and residue from the mop pads. The dock then dries the mop pads with hot air.

It also supports automatic dust emptying for up to 100 days under Dreame’s testing conditions, water refilling, cleaning solution dispensing and washboard cleaning. An optional water hookup kit can support automatic water refilling and drainage. “The next step in robot cleaning is not simply greater suction power, but the ability to reach and respond more effectively to the spaces around the home,” said Mr Jacky Zhong, General Manager of Dreame Southeast Asia. “The X60 Ultra Extreme combines industry-leading reach, intelligent dirt detection and automated maintenance to reduce the need for manual follow-up cleaning.”

Singapore Availability

The Dreame X60 Ultra Extreme Early Bird campaign will begin on 17 August 2026, ahead of its official Singapore launch on 1 September 2026. Interested customers can experience live in-store demonstrations at the following locations:

Online: www.dreame.sgRetail: Dreame Official Stores, COURTS Heeren (Orchard) and COURTS Megastore (Tampines)

About Dreame Technology

Established in 2017, Dreame Technology is a trailblazer in smart home appliances that enhance lives through cutting-edge technology. The official distributor for Dreame Technology in Singapore is DM Dasher Pte Ltd. Stay updated by following us on Facebook, Instagram, and TikTok, or visit https://dreame.sg.

Industry-leading and industry-first claims are based on Dreame’s internal research and product comparisons available as of the product’s release date. All stated performance figures are based on Dreame in-house laboratory testing. Actual performance may vary depending on the home environment, floor type, selected settings and usage conditions. The 10cm obstacle crossing figure applies to eligible double-layer obstacles under specified dimensional requirements. Up to 100 days of automatic dust emptying is based on Dreame laboratory calculations. Optional accessories are subject to local availability and installation compatibility.

 

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SOURCE Dreame Technology

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Canara HSBC Life Insurance Launches ‘The Viral Parivar’, a Digital-First Micro-Drama Series Bringing Financial Preparedness into Everyday Conversations

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The humorous digital micro-drama series highlights why financial preparedness is essential in a rapidly changing world

NEW DELHI, Aug. 11, 2026 /PRNewswire/ — Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”) has launched The Viral Parivar, a digital micro-drama series that captures the everyday realities of India’s middle-class families as they navigate the opportunities and uncertainties of an increasingly digital-first world. Through relatable humour, family-centric storytelling and socially relevant themes, the campaign explores concerns around social media influence, digital scams, impact of AI on jobs and evolving financial priorities of modern Indian families.

As part of its broader marketing approach, Canara HSBC Life Insurance is leveraging content formats and platforms that resonate with today’s consumers. Recognising the popularity of short-form video content, the brand is using storytelling-led digital content to encourage conversations around financial wellness and preparedness in a way that feels relevant and accessible. Short-form formats such as Reels enable the brand to engage audiences through everyday stories and cultural moments that naturally lend themselves to sharing and discussion.

The Viral Parivar is anchored on platforms such as Instagram and YouTube shorts, which have become important spaces for self-expression, community engagement and cultural conversations. For younger, digitally native audiences, content often resonates most when it reflects their everyday experiences, aspirations and challenges. Through relatable characters, familiar situations and bite-sized narratives, the series seeks to make conversations around financial protection and long-term planning more relevant and relatable.

Through this initiative, Canara HSBC Life Insurance continues to strengthen its commitment to helping customers safeguard their financial future and fulfil the promises they make to their loved ones. The campaign reflects the company’s philosophy of being a ‘Promises Ka Partner’, empowering families with the confidence that comes from long-term financial protection in an ever-changing world.

The campaign is now live across Canara HSBC Life Insurance’s Instagram, Facebook and YouTube channels.

Instagram: https://www.instagram.com/reel/DbvSqIVvWE-/?igsh=MWZleHNrMGkwcTlldA%3D%3D Facebook: https://www.facebook.com/share/v/19KjvHNBN8/YouTube: AI vs Human | The Viral Parivar Episode 1 | Canara HSBC Life Insurance

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INTURAI EXPANDS CRITICAL INFRASTRUCTURE SECURITY CAPABILITIES THROUGH PROPOSED DOMECOMMAND ACQUISITION AS GLOBAL COUNTER-UAS FOCUS INTENSIFIES

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(CSE: URAI / OTC: URAIF / FSE: 3QG0)
 investor@inturai.com

Highlights

German authorities are investigating an explosives-laden drone discovered at Leipzig/Halle Airport, one of Europe’s largest cargo and logistics hubs, an incident that officials have described in publicly reported statements as a “new quality of danger” to critical infrastructure. Inturai was not involved in the incident; the Company believes such events underscore the growing need for advanced drone response capabilities across airports, logistics hubs and critical infrastructure.

The Company’s proposed acquisition of DomeCommand, announced July 6, 2026, expands Inturai’s capabilities in counter-UAS command-and-control: a deterministic solver designed to compute optimized engagement plans, AI reasoning agents that provide explainable judgement, and an evidence-linked audit trail behind every decision.

The Company is engaged in a 12-week proof-of-capability program for DomeCommand with the European Defence Tech Hub, targeting initial milestones in the fourth quarter of 2026. The global counter-UAS market is forecast to grow from US$9.17 billion in 2026 to US$29.70 billion by 2031, a 26.5% compound annual growth rate.*

The Company has simulated how DomeCommand would defend against drone attacks if involved in the recent explosives-equipped drone event at Leipzig/Halle Airport.

WATCH VIDEO

WATCH VIDEO – German Subtitles

VANCOUVER, BC, Aug. 11, 2026 /PRNewswire/ — Inturai Ventures Corp. (the “Company”) (CSE: URAI) (OTC: URAIF) (FSE: 3QG0) is pleased to provide an update on DomeCommand, the counter-UAS command-and-control platform the Company has agreed to acquire announced July 6th, 2026, as governments, airports and critical infrastructure operators reassess their drone response.

German authorities are investigating an explosives-equipped drone discovered at Leipzig/Halle Airport, one of Europe’s largest cargo and logistics hubs. The discovery temporarily disrupted airport operations and triggered a national security investigation. In publicly reported statements (Reuters, August 2026), German officials described the incident as a “new quality of danger” for critical infrastructure. Inturai was not involved in the incident and has no connection to it, and no party involved in the incident has evaluated, endorsed or engaged the Company or DomeCommand.

The Company believes such events underscore a structural feature of the counter-UAS challenge: threat detection and threat response are distinct capabilities. In the Company’s assessment, much of the operational gap now sits in the response-coordination layer, where sensor data must be fused, engagements planned and assets directed. That is the layer DomeCommand addresses, while much of the sector’s current activity focuses on detection hardware, effectors, and drone services. The global counter-UAS market is forecast to grow from US$9.17 billion in 2026 to US$29.70 billion by 2031, a 26.5% compound annual growth rate.*

Ed Clarke, CEO of Inturai Ventures Corp., commented: “The counter-UAS challenge has shifted from seeing threats to acting on them in seconds. DomeCommand was built for that decision layer: a solver that computes the response, reasoning agents that explain it, and an audit trail that stands behind every action. All of it is designed to run on a single workstation an operator can field, and our focus for the next twelve months is disciplined execution of our proof-of-capability program in Europe.”

DomeCommand pairs a deterministic solver, designed to compute engagement plans optimized against defined constraints, with AI reasoning agents that provide explainable judgement. Every decision is recorded in an evidence-linked audit trail. To the Company’s knowledge, based on its review of publicly available information, no other commercially available platform combines both approaches. The platform is designed to fuse radar, radio-frequency, electro-optical/infrared, acoustic and air-traffic sensor data into a single operating picture, and to coordinate drones, ground robots, personnel and effectors through open protocols including MAVLink and Cursor-on-Target/ATAK.

DomeCommand is designed to run offline on a single workstation. The Company believes this hardware-light architecture could enable cost-constrained operators, including regional airports, logistics hubs and utilities, to field decision-layer capability without cloud dependency or a large-scale procurement program. Cost-aware engagement planning is designed to match the response to the threat, tasking low-cost effectors against low-cost drones rather than committing high-value interceptors.

The Company is engaged in a 12-week program with the European Defence Tech Hub, targeting milestones in the fourth quarter of 2026. It is also collaborating in Asia, including with the Republic of Singapore Air Force; the Company is yet to enter into formal agreements in respect of those discussions.

The proposed DomeCommand acquisition remains subject to customary closing conditions and has not yet closed. Upon closing, it would establish defence and critical-infrastructure autonomy as a lead vertical for the Company, complementing its existing spatial intelligence platform. Inturai intends to integrate DomeCommand into its technology platform while pursuing commercial opportunities across government, industrial, and enterprise markets.

On behalf of the Board of Directors

About Inturai Ventures

Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications.

For more information, visit www.inturai.com.

For investor inquiries:

On behalf of the Board of Directors

Ed Clarke, CEO
Inturai Ventures Corp.
Email: investor@inturai.com
Phone: (+1) 604 339-0339

This document contains certain forward-looking statements that are based on assumptions as of the date of this news release. Forward-looking statements are frequently characterized by words such as “anticipates”, “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed”, “positioned” and other similar words, or statements that certain events or conditions “may” or “will” occur. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE INTURAI VENTURES CORP.

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