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Socket Mobile Inc   (SCKT)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology
 
Price: $0.9900 $-0.05 -4.808%
Day's High: $1.04 Week Perf: -6.6 %
Day's Low: $ 0.99 30 Day Perf: -9.17 %
Volume (M): 9 52 Wk High: $ 2.07
Volume (M$): $ 9 52 Wk Avg: $1.31
Open: $1.04 52 Wk Low: $0.90



 Market Capitalization (Millions $) 7
 Shares Outstanding (Millions) 7
 Employees -
 Revenues (TTM) (Millions $) 18
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 2

Socket Mobile Inc
Socket Mobile Inc. is a technology company that specializes in the design and manufacture of mobile data capture and delivery solutions. They develop and produce barcode scanners and portable data collection devices that help businesses streamline their operations and improve productivity. Socket Mobile's products are highly versatile and can be used in a wide range of industries including retail, healthcare, and transportation. The company is committed to providing innovative and reliable solutions that meet the evolving needs of their customers.


   Company Address: 40675 Encyclopedia Circle Fremont 94538 CA
   Company Phone Number: 933-3000   Stock Exchange / Ticker: NASDAQ SCKT
   SCKT is expected to report next financial results on March 29, 2024.


   

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Products & Services

Socket Mobile Elevates Productivity: Unveils Upgrade Option to Enhanced Camera Barcode Scanner on Android.

Published Tue, Dec 12 2023 11:00 AM UTC


As the vanguard of data capturing and delivery solutions, Socket Mobile, Inc. (NASDAQ: SCKT), continues to pioneer advancement in the realm of workplace productivity. Based in FREMONT, Calif., the company has announced its latest development in the form of an upgrade from its free mobile application, SocketCam C820, to SocketCam C860 on Android devices. This strategic m...

Socket Mobile Inc

Socket Mobile Inc Defies the Odds with Resilience and Growth Potential Amid Challenging Sales Period

Despite a challenging third quarter earnings season, Socket Mobile Inc has shown signs of resilience and potential for future growth. The company reported a slight increase in its shortfall per share compared to the previous year, with a decline in revenue. However, it is important to consider the context and the factors contributing to these results.
Firstly, Socket Mobile Inc's net shortfall for the third quarter of 2023 increased to $-1.325 million from $-0.874 million a year ago. This could be attributed to various factors, including increased expenses or lower sales volumes. However, it is worth noting that the company's stockpiles have grown to $5.5 million, even though they remain below the previous year's level of $6.1 million. This indicates the company's ability to adapt and adjust its inventory levels to meet changing market demands.

Socket Mobile Inc

Socket Mobile Inc Reports Disheartening Revenue Drop in Q2 2023, Spells Trouble Ahead for the Tech Giant

In light of the latest financial data released by Socket Mobile Inc, it is evident that the company is facing a bearish outlook. The losses incurred by the company have extended to $0.06 per share, which is a substantial increase compared to the $0.01 per share loss reported in the previous year. Furthermore, the income per share has only slightly improved, from a loss of $0.12 per share to $0.06 per share.
The revenue generated by Socket Mobile Inc has retreated significantly by -15.363%, dropping to $5.12 million from $6.05 million in the corresponding reporting season a year ago. Although there was a sequential improvement of 18.668% from $4.31 million, this does not outweigh the notable decline in revenue from the previous year. This decline in revenue is a concerning sign for the company's financial health.

Socket Mobile Inc

Socket Mobile Inc: Strong Investment Opportunity Emerges as Revenue Declines Are Reversed in Q1 2023

Socket Mobile Inc: A Strong Investment Opportunity Despite Weak Q1 Results
Socket Mobile Inc. recently released its financial results for January to March 31, 2023, wherein it recorded a net loss per share of $-0.12 compared to zero per share a year ago. This was due to the decrease in revenue by 31.477% to $4.31 million, from $6.29 million a year before. Despite this, Socket Mobile Inc.'s financial outlook remains strong, making it an excellent investment opportunity.
Revenue fell compared to the previous year, resulting from weak demand, but it must be noted that the company's performance actually improved when compared to Q4 2022, wherein revenue fell by 16.607% from $5.17 million and $0.00 per share. This shows that Socket Mobile Inc. has been able to reverse the downward trend and that its operations are on an upward trajectory.






 

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