Socket Mobile (SCKT) Q2 FY26 earnings call

Socket Mobile faced a challenging Q2 FY26 with revenue falling short of expectations and widening losses, primarily driven by difficulties in its retail scanning business and manufacturing underutilization. The company is implementing aggressive cost-cutting measures, including headcount reductions and AI deployment, while also sharpening its product focus and expanding into the industrial scanning market to diversify revenue streams and improve financial performance. Management believes these actions will position the company for recovery as demand improves.