Socket Mobile

Socket Mobile, Inc. is a mobile data capture company, which engages in the provision of data capture and delivery solutions for enhanced productivity in workforce mobilization. Its products are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company's primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. All products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple (iOS), Google (Android), and Microsoft (Windows). It also offers an easy-to-use software developer kit (Capture SDK) to application developers, which enables them to provide their users with advanced barcode scanning and RFID/NFC features. The firm’s products are integrated in their application solutions and are marketed by the application developers or the resellers of their applications and number of registered developers for data capture applications continues to grow. The company was founded by Michael L. Gifford and Charlie Bass in March 1992 and is headquartered in Fremont, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Socket Mobile reports Q2 revenue decline but advances in innovation

Socket Mobile navigated a challenging economic environment in Q2 2024, focusing on promoting newer products and generating recurring revenue. Despite facing a net loss and cash outflows, the company made progress in innovation and product development. Leveraging opportunities in transportation markets and software subscriptions could drive future growth.

Socket Mobile reports revenue growth and product innovation in Q3

Socket Mobile's Q3 2024 performance showed revenue growth and reduced operating loss.
While facing challenges like EBITDA negativity, the company capitalized on opportunities.
By introducing new products and securing working capital, Socket Mobile is poised for growth.
The positive feedback on XtremeScan products indicates potential for market success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

FREMONT, Calif. , Dec. 12, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce it is now possible to upgrade from its free SocketCam C820 to the SocketCam C860, an enhanced camera-based barcode scanner for Android.

Socket Mobile Adds Upgrade Option to Free Camera Barcode Scanner on Android

FREMONT, Calif. , Dec. 5, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that its SocketScan S370 Universal NFC & QR Code Mobile Wallet Reader has achieved certification from the NFC Forum Certification Program.

Socket Mobile's SocketScan S370 Universal NFC & QR Code Mobile Wallet Reader Receives NFC Forum Certification

Socket Mobile, Inc. (SCKT) Q3 2023 Earnings Call Transcript

FREMONT, Calif. , Oct. 27, 2023 /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 nine months ended September 30, 2023.

Socket Mobile Reports Third Quarter and Nine-Month 2023 Results

FREMONT, Calif. , Oct. 19, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced that it will release its third quarter 2023 financial results at the close of the market on Friday, October 27, 2023.

Socket Mobile Announces Q3 2023 Results Release Date and Conference Call

FREMONT, Calif. , Oct. 16, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the expansion of its DuraScan Wear™ line of wearable scanning solutions to enable 2D barcode scanning.

Socket Mobile Expands DuraScan Wear Line to Enable 2D Barcode Scanning

FREMONT, Calif. , Oct. 3, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the expansion of its XtremeScan™ line of industrial scanning solutions to enable the latest iPhones with 2D barcode scanning in the most demanding environments.

Socket Mobile Expands New Industrial XtremeScan Line to Enable the Latest iPhones with 2D Barcode Scanning

FREMONT, Calif. , Sept. 26, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce it is now possible to upgrade from its free SocketCam C820 to the SocketCam C860 , an enhanced camera-based barcode scanner for iOS.

Socket Mobile Adds Upgrade Option to Free Camera Barcode Scanner on iOS

FREMONT, Calif. , Sept. 20, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that CaptureSDK and its entire line of barcode scanners and NFC reader/writers have been thoroughly tested and have achieved full compatibility with iOS 17.

Socket Mobile Announces CaptureSDK Support for iOS 17

FREMONT, Calif. , Aug. 15, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the launch of the XtremeScan™ line of industrial barcode scanning solutions for iPhone 14 and 14 Pro.

Socket Mobile Enters $5.6B Industrial Barcode Scanning Market

Socket Mobile, Inc. (NASDAQ:SCKT ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Kevin Mills - President & Chief Executive Officer Dave Holmes - Chief Business Officer Lynn Zhao - Chief Financial Officer Conference Call Participants Chris Sakai - Singular Research Operator Welcome to the Socket Mobile Inc. Q2 2023 Earnings Call. My name is Paul, and I will be your operator for today's call.

Socket Mobile, Inc. (SCKT) Q2 2023 Earnings Call Transcript

FREMONT, Calif. , Aug. 2, 2023 /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, 2023.

Socket Mobile Reports Second Quarter and Six-Month 2023 Results

FREMONT, Calif. , July 25, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced that it will release its second quarter 2023 financial results at the close of the market on Wednesday, August 2, 2023.

Socket Mobile Announces Q2 2023 Results Release Date and Conference Call

FREMONT, Calif. , July 12, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that its SocketScan S550 NFC Mobile Wallet Reader is fully certified under the FeliCa card standard.

Socket Mobile's SocketScan S550 Awarded FeliCa Certification

FREMONT, Calif. , June 6, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the launch of the DuraScan Wear DW930, the first wearable addition to its DuraScan product line.

Socket Mobile Launches DuraScan Wear DW930, Wearable Laser Barcode Scanner

FREMONT, Calif. , May 30, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced completion of a secured subordinated convertible note financing of $1,600,000.

Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.6 Million

FREMONT, Calif. , May 2, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that the SocketScan S550 is compatible with the CIPURSE™ card standard.

Socket Mobile Announces CIPURSE Support for SocketScan S550

FREMONT, Calif. , April 27, 2023 /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 months ended March 31, 2023.

Socket Mobile Reports First Quarter 2023 Results

FREMONT, Calif. , April 20, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced that it will release its first quarter 2023 financial results at the close of the market on Thursday, April 27, 2023.

Socket Mobile Announces Q1 2023 Results Release Date and Conference Call

Socket Mobile, Inc. (NASDAQ:SCKT ) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO David Holmes - Chief Business Officer Conference Call Participants Chris Sakai - Singular Research Operator Welcome to the Fourth Quarter and Full Year 2022 Financial Results for Socket Mobile. My name is Darrell, and I will be your operator for today's call.

Socket Mobile, Inc. (SCKT) Q4 2022 Earnings Call Transcript

FREMONT, Calif. , Feb. 22, 2023 /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 twelve months ended December 31, 2022.

Socket Mobile Reports Fourth Quarter 2022 and Full Year Results

FREMONT, Calif. , Feb. 14, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced that it will release its fourth quarter 2022 and annual financial results at the close of the market on Wednesday, February 22, 2023.

Socket Mobile Announces Fourth Quarter 2022 and Annual Results Release Date and Conference Call

FREMONT, Calif. , Jan. 16, 2023 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce the arrival of the DuraSled™ Bluetooth Barcode Scanners for the iPhone 14.

Socket Mobile Announces DuraSled Model for iPhone 14

FREMONT, Calif. , Nov. 15, 2022 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce that CaptureSDK now includes support for .NET MAUI.

Socket Mobile Announces .NET MAUI for CaptureSDK

Socket Mobile, Inc. (NASDAQ:SCKT ) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Corporate Participants Kevin Mills - President and Chief Executive Officer Lynn Zhao - Chief Financial Officer David Holmes - Chief Business Officer Conference Call Participants Chris Sakai - Singular Research John Harrington - Wells Fargo Operator Welcome to the Socket Mobile 2022 Third Quarter Financial Results Conference Call. My name is Darrell, and I will be your operator for today's call.

News for Socket Mobile Stock (SCKT)