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Socket Mobile Inc   (SCKT)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology


 

Socket Mobile Inc

SCKT's Financial Statements and Analysis



Socket Mobile Inc reported in the forth quarter of 2023 net earnings per share of $0.12 an increase by 177932006.21 % year on year from $0.00 and an improvement compare to net loss per share of $-0.16 realized in previous quarter.


forth quarter of 2023
Earnings Per Share Revenues
$ 0.12 $  4 Mill
$+0.12     - % $-1M     -14.94 %



Socket Mobile Inc 's Revenue fell by -14.94 % in forth quarter of 2023 (Dec 31 2023) year on year, to $4 million and advanced by 37.2 % sequentially.


Socket Mobile Inc is Expected to report next financial results on March 29, 2024.

More on SCKT's Income Statement



Socket Mobile Inc 's net income of $0.912 million in the forth quarter of 2023 increased by 77.08 % from net earnings of $0.515 million achieved in IV. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-1.325 million recorded in previous quarter.

More on SCKT's Growth

Socket Mobile Inc Inventories
Inventories declined by -3.44 % to $5.41 million from IV. Quarter a year ago, sequentially inventories fell by -2.17 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $0 million, capital expenditures fell by -0.272585154.84%, to $-1 millions compare to same quarter a year ago

More on SCKT's Cash flow Statement


Socket Mobile Inc does not pay out common stock dividend.

In trailing twelve-month period Socket Mobile Inc earned $ 0.01 cash per share, on a free-cash flow basis .

Book value grew by 8.83 % sequentially to $2.73 per share.
Tangible Book value grew to $ 2.51 per share from $ 2.29.

Company repurchased 0.21 million shares or 2.89 % in Dec 31 2023.


More on SCKT's Dividends

 Market Capitalization (Millions) 7
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 0
 Revenue (TTM) (Millions $) 17
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Socket Mobile Inc does not pay out common stock dividend.

In trailing twelve-month period Socket Mobile Inc had $ 0.01 cash flow per share, on a free-cash flow basis .

Book value grew by 8.83 % sequentially to $2.73 per share.
Tangible Book value grew to $ 2.51 per share from $ 2.29.

Company repurchased 0.21 million shares or 2.89 % in Dec 31 2023.


More on SCKT's Balance Sheets

 Market Capitalization (Millions) 7
 Shares Outstanding (Millions) 7
 Total Debt (Millions $) 0
 Revenue (TTM) (Millions $) 17
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) -2
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Socket Mobile Inc Earnings

Socket Mobile Inc Faces Sharp Revenue Deterioration of -14.94%

Socket Mobile Inc, a technology company specializing in data capturing and delivery solutions, has experienced a decline in its stock price over the past month. The stock declined by -3.74% during the month of March, bringing the share price to -11.97% in the past 90 days. Additionally, the stock currently trades only 14.4% above its 52-week low.
Despite the decline in stock price, Socket Mobile Inc has shown positive performance in its fiscal period ending December 31, 2023. Earnings per share soared to $0.12 per share, despite a decrease in revenue of -14.94% to $4.40 million year-on-year. This positive EPS is a significant improvement from the previous fiscal period, where earnings per share were -$0....

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 previo...

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 re...

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 sh...


Date modified: 2024-03-25T22:55:19+00:00





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