Connect with us

Technology

Socket Mobile Reports Second Quarter 2026 Results

Published

on

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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/socket-mobile-reports-second-quarter-2026-results-302839330.html

SOURCE Socket Mobile, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

CleanSpark Executives to Discuss Q3 2026 Financial Results Via Webcast

Published

on

By

LAS VEGAS, July 30, 2026 /PRNewswire/ — CleanSpark, Inc. (Nasdaq: CLSK) (“CleanSpark” or the “Company”), a market leading data center developer, will discuss its fiscal third quarter 2026 financial results via a live webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, August 6, 2026.

Webcast Information: To view the webcast, please click here.

Downloadable files, including a transcript, will be available on the company website 48 hours after the event.

About CleanSpark 
CleanSpark (Nasdaq: CLSK), is a market-leading data center developer with a proven track record of success. We control a portfolio of more than 1.8 GW of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence, and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world.

Investor Relations Contact
Kyle Sourk
702-989-7693
ir@cleanspark.com 

Media Contact
Eleni Stylianou
702-989-7694
pr@cleanspark.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cleanspark-executives-to-discuss-q3-2026-financial-results-via-webcast-302839455.html

SOURCE CleanSpark, Inc.

Continue Reading

Technology

Bloomberg Expands Electronic Trading for Onshore-Listed Australian ETFs, Options and Futures

Published

on

By

SYDNEY, July 30, 2026 /PRNewswire/ — Bloomberg today announced an expansion of its electronic trading capabilities for the Australian markets, enabling eligible onshore participants to electronically negotiate Australian-listed exchange-traded funds (ETFs) using Bloomberg’s Request-for-Quote (RFQe) workflow, alongside options and futures, following a variation amendment by ASIC.

The first transaction has been facilitated using the RFQe workflow.

Building on Bloomberg’s established Electronic Markets offering, the rule amendment enables the extension of Bloomberg’s Request-for-Quote (RFQe) workflow to include Australian-listed products. Eligible participants can now access domestic and offshore ETF markets through a single, auditable trading experience with minimal onboarding.

“At JBWere, our focus is on delivering strong investment outcomes for clients. Innovations that improve transparency, liquidity access, and execution quality support that objective by enhancing the way investment decisions are implemented,” said Daniel Walsh, Executive Advice at JBWere. “Capabilities such as RFQe contribute to a more efficient and scalable trading environment, helping us better serve clients as markets continue to evolve.”

“Australia’s exchange-traded fund markets continue to grow as investors increasingly adopt ETFs across a broader range of investment strategies,” said Ben Pool, Head of Australia and New Zealand at Bloomberg. “Extending our RFQ workflow to Australian-listed ETFs, options and futures broadens market access while giving eligible participants a consistent trading experience across domestic and global markets.”

Streamlined ETF Workflows for Australian Markets
The expanded capability provides access to competitive multi-dealer liquidity through an electronic RFQ process, replacing workflows that have traditionally relied on voice, messages or other manual methods. The workflow integrates with Bloomberg’s EMSX and AIM while providing a complete electronic audit trail.

Supporting investment, hedging and portfolio management strategies, the enhancement brings together three key Australian listed asset classes, helping firms simplify trading workflows. 

The announcement also builds on Bloomberg’s broader ETF offering in Australia, where the ETF markets have grown significantly. Together with BSKT, Bloomberg’s ETF creation and redemption solution, Bloomberg supports the full ETF lifecycle from basket management and creation/redemption to secondary market trading and execution.

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 1,500 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

View original content to download multimedia:https://www.prnewswire.com/news-releases/bloomberg-expands-electronic-trading-for-onshore-listed-australian-etfs-options-and-futures-302839438.html

SOURCE Bloomberg

Continue Reading

Technology

Smallest.ai gets $21 Million in Funding to Build Voice 4.0, the Next Generation of Enterprise Voice AI

Published

on

By

Raises $13 million Series A led by Seligman Ventures, bringing total funding to more than $21 millionIntroduces Voice 4.0 and Hydra, an asynchronous AI architecture designed  to make AI conversations as natural, responsive and scalable as human dialoguePulse STT and Lightning TTS rank among the top choices for enterprises on Artificial Analysis, leading on speed and cost efficiency across the global leaderboard

SAN FRANCISCO, July 30, 2026 /PRNewswire/ — Smallest.ai, a San Francisco-based foundational AI research lab building the next generation of real-time voice AI infrastructure for enterprises, today announced it has surpassed $21 million in total funding following the close of a $13 million Series A led by Seligman Ventures with participation from Sierra Ventures and 3one4 Capital.

Industry forecasts expect the global Voice AI market to grow from $2.4 billion in 2024 to $47.5 billion by 2034, however, less than 1% of today’s global voice interactions are powered by AI. Enterprises continue to struggle with systems that sound robotic, fail under real-world complexity, introduce latency, and create operational challenges around reliability, compliance and governance. Smallest.ai is expanding its core voice AI platform across financial services, healthcare, contact centers, and business process outsourcing, where organizations are increasingly looking to deploy AI-powered voice agents at scale.

“Voice AI has gone through three generations of innovation, but each generation has ultimately hit the same wall,” said Sudarshan Kamath, founder and CEO of Smallest.ai. “The industry has focused on making models larger when the real challenge is architectural. Humans don’t wait for someone to finish speaking before they begin thinking. We listen, think, and respond simultaneously. Voice AI needs to work the same way. That’s why we built Smallest.ai around a real-time architecture that processes speech as it arrives, enabling faster, more natural conversations without sacrificing intelligence. By rethinking the stack instead of simply scaling models, we’re reducing latency to the point where voice interactions feel genuinely human.”

The End of Voice 3.0

Voice technology has evolved through three major eras:

Voice 1.0: Interactive Voice Response (IVR) systems built around rigid phone trees and menu navigation.Voice 2.0: Machine learning-powered voice bots capable of basic intent recognition but unable to handle complexity.Voice 3.0: Generative AI voice agents powered by large language models that sound more natural but still rely on multiple disconnected systems working sequentially.

Today’s voice agents typically require a chain of separate technologies, including speech recognition, language models, text-to-speech systems, orchestration layers, memory systems, and guardrails. The result is high latency, brittle performance, and conversations that still feel distinctly artificial.

Beyond Voice 3.0: Introducing Voice 4.0 

Smallest.ai characterizes its innovation as Voice 4.0, a paradigm shift toward AI architectures that process listening, reasoning, action, and response in parallel. Rather than executing these functions sequentially, Voice 4.0 enables them to happen simultaneously, allowing AI systems to respond while conversations are still unfolding.

Hydra: The Architecture Behind Voice 4.0

At the center of Voice 4.0 is Hydra, Smallest.ai’s speech-to-speech model designed around asynchronous intelligence. Rather than waiting for one process to finish before starting another, Hydra performs multiple tasks in parallel, enabling real-time conversational flow, mid-conversation tool use, natural interruptions, and significantly lower latency.

Together, Hydra and Pulse STT Pro are designed to support real-time conversational interactions, with transcription latency measured in milliseconds rather than seconds.

The Smallest.ai Models

Smallest.ai’s broader platform includes Pulse STT Pro and Lightning V3.1, which rank among the top voice AI models on Artificial Analysis for speed, quality, and cost efficiency. Built for enterprise-scale deployments, Pulse STT Pro supports 38 languages and combines low-latency transcription with capabilities such as speaker diarization, emotion detection, code-switching, noise reduction, and built-in PII and PCI redaction.

Customers use Smallest.ai to automate enterprise voice workflows, reducing support costs by up to 80% while improving agent productivity by as much as 10x.

“Voice AI is creating a real impact on life and work,” said Ashish Kakran, Managing Partner at Seligman Ventures. “Developers now increasingly talk to their machines instead of typing code. Smallest.ai is taking a fundamentally different approach to the category by rethinking architecture itself. Customers get an efficient vertically integrated stack and don’t need to waste time stitching models together. We believe the next generation of enterprise voice will be powered by Smallest AI.”

Smallest.ai currently works with organizations managing large-scale voice operations, including RingCentral, Truecaller, Readymode, Piramal, Kogta, Pocket, and others. The company has nearly 60 employees and plans significant expansion over the next year as demand for enterprise voice AI accelerates.

About Smallest.ai
Smallest.ai is a foundational AI research lab building the next generation of real-time voice AI infrastructure for enterprises. The company develops speech recognition, speech generation, and speech-to-speech systems designed to enable natural, scalable AI conversations across customer service, healthcare, financial services, and other high-volume communication environments. Headquartered in San Francisco, Smallest.ai serves enterprises globally through its Voice 4.0 platform and proprietary AI models. The company is backed by Seligman Ventures, Sierra Ventures, 3one4 Capital, Better Capital, Upsparks Capital, Schema Ventures, Tiny VC, DeVC, Mission Street Capital, and other angel investors.

View original content to download multimedia:https://www.prnewswire.com/news-releases/smallestai-gets-21-million-in-funding-to-build-voice-4-0–the-next-generation-of-enterprise-voice-ai-302839266.html

SOURCE Smallest.ai

Continue Reading

Trending