Socket Mobile Financials
This page shows Socket Mobile (SCKT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Socket Mobile has an operating margin of -13.1%, meaning the company retains $-13 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -18.3% the prior year.
Socket Mobile's revenue grew 10.2% year-over-year to $18.8M, a solid pace of expansion. This earns a growth score of 58/100.
Socket Mobile carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Socket Mobile's current ratio of 1.39 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.
While Socket Mobile generated -$521K in operating cash flow, capex of $788K consumed most of it, leaving -$1.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Socket Mobile passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Socket Mobile generates $0.23 in operating cash flow (-$521K OCF vs -$2.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Socket Mobile earns $-7.4 in operating income for every $1 of interest expense (-$2.5M vs $331K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Socket Mobile generated $18.8M in revenue in fiscal year 2024. This represents an increase of 10.2% from the prior year.
Socket Mobile's EBITDA was -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.5% from the prior year.
Socket Mobile generated -$1.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 38.1% from the prior year.
Socket Mobile reported -$2.2M in net income in fiscal year 2024. This represents a decrease of 16.8% from the prior year.
Socket Mobile earned $-0.30 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 11.1% from the prior year.
Socket Mobile held $2.5M in cash against $0 in long-term debt as of fiscal year 2024.
Socket Mobile had 8M shares outstanding in fiscal year 2024. This represents an increase of 3.7% from the prior year.
Socket Mobile's gross margin was 50.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.
Socket Mobile's operating margin was -13.1% in fiscal year 2024, reflecting core business profitability. This is up 5.2 percentage points from the prior year.
Socket Mobile's net profit margin was -11.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.
Socket Mobile invested $4.7M in research and development in fiscal year 2024. This represents a decrease of 2.3% from the prior year.
Socket Mobile invested $788K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 63.6% from the prior year.
SCKT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M-23.1% | $4.0M+1.9% | $4.0M-17.9% | $4.8M-4.9% | $5.1M+2.1% | $5.0M+13.2% | $4.4M+37.2% | $3.2M |
| Cost of Revenue | $1.6M-19.6% | $2.0M+2.8% | $2.0M-16.8% | $2.4M-5.3% | $2.5M+1.0% | $2.5M+19.0% | $2.1M+16.2% | $1.8M |
| Gross Profit | $1.5M-26.6% | $2.0M+1.0% | $2.0M-19.0% | $2.5M-4.6% | $2.6M+3.2% | $2.5M+7.9% | $2.3M+63.6% | $1.4M |
| R&D Expenses | $1.0M-6.8% | $1.1M-2.7% | $1.1M+1.2% | $1.1M-9.2% | $1.2M+2.0% | $1.2M+1.7% | $1.2M-1.5% | $1.2M |
| SG&A Expenses | $577K+1.4% | $569K-12.8% | $653K+0.3% | $651K-11.2% | $733K-2.3% | $751K+24.1% | $605K-0.5% | $608K |
| Operating Income | -$1.1M-56.2% | -$677K+24.2% | -$894K-117.5% | -$411K+23.2% | -$535K-10.3% | -$485K-2.0% | -$475K+66.0% | -$1.4M |
| Interest Expense | -$140K-22.0% | -$115K-14.3% | -$100K+1.5% | -$102K-40.7% | -$72K-0.3% | -$72K+78.5% | -$336K-539.4% | $76K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$150K |
| Net Income | -$1.2M-51.2% | -$792K+20.3% | -$994K-2706.8% | $38K+106.3% | -$608K-9.0% | -$557K-161.1% | $912K+168.8% | -$1.3M |
| EPS (Diluted) | $-0.15-50.0% | $-0.10+23.1% | $-0.13 | $0.00+100.0% | $-0.08-14.3% | $-0.07-177.8% | $0.09+150.0% | $-0.18 |
SCKT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.6M-4.9% | $27.0M-0.7% | $27.2M-0.7% | $27.3M-2.5% | $28.0M-2.2% | $28.7M-0.3% | $28.7M+5.3% | $27.3M |
| Current Assets | $8.9M-10.5% | $9.9M+1.2% | $9.8M+2.4% | $9.6M-10.0% | $10.7M-3.1% | $11.0M+2.8% | $10.7M-3.1% | $11.0M |
| Cash & Equivalents | $2.0M-22.6% | $2.6M+52.7% | $1.7M-31.5% | $2.5M+17.7% | $2.1M-23.6% | $2.8M-1.9% | $2.8M-8.6% | $3.1M |
| Inventory | $4.7M-3.4% | $4.8M-8.3% | $5.3M+6.9% | $4.9M-4.7% | $5.2M-4.2% | $5.4M+0.1% | $5.4M-2.2% | $5.5M |
| Accounts Receivable | $1.5M-12.8% | $1.8M-14.0% | $2.1M+29.8% | $1.6M-37.7% | $2.6M+23.0% | $2.1M+22.0% | $1.7M+9.0% | $1.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.0M-3.0% | $10.3M+3.7% | $9.9M+8.0% | $9.2M-0.3% | $9.2M-3.0% | $9.5M+1.9% | $9.3M+4.4% | $8.9M |
| Current Liabilities | $8.1M-1.9% | $8.3M+6.6% | $7.8M+12.7% | $6.9M+3.7% | $6.6M-2.3% | $6.8M+4.6% | $6.5M+8.6% | $6.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $15.7M-6.1% | $16.7M-3.3% | $17.2M-5.1% | $18.2M-3.5% | $18.8M-1.7% | $19.2M-1.3% | $19.4M+5.7% | $18.4M |
| Retained Earnings | -$53.2M-2.3% | -$52.0M-1.5% | -$51.2M-2.0% | -$50.2M-2.2% | -$49.1M-1.3% | -$48.5M-1.2% | -$47.9M+1.9% | -$48.8M |
SCKT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$403K+13.3% | -$464K+36.6% | -$733K-742.2% | -$87K+84.0% | -$544K-472.8% | -$95K-116.6% | $571K+10002.4% | $6K |
| Capital Expenditures | $187K+36.4% | $137K+161.8% | $52K-76.6% | $224K+101.0% | $111K+97.4% | $56K-91.9% | $695K+90.0% | $366K |
| Free Cash Flow | -$590K+2.0% | -$601K+23.4% | -$785K-152.6% | -$311K+52.5% | -$655K-332.8% | -$151K-22.5% | -$124K+65.7% | -$360K |
| Investing Cash Flow | -$187K-36.4% | -$137K-161.8% | -$52K+76.6% | -$224K-101.0% | -$111K-781.0% | $16K+102.4% | -$695K-90.0% | -$366K |
| Financing Cash Flow | $0 | N/A | N/A | -$110K | $0-100.0% | $24K+116.6% | -$143K-737.2% | $23K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
SCKT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.7%-2.3pp | 49.9%-0.4pp | 50.4%-0.6pp | 51.0%+0.2pp | 50.9%+0.5pp | 50.3%-2.4pp | 52.8%+8.5pp | 44.2% |
| Operating Margin | -34.1%-17.3pp | -16.8%+5.8pp | -22.5%-14.0pp | -8.5%+2.0pp | -10.5%-0.8pp | -9.8%+1.1pp | -10.8%+32.8pp | -43.6% |
| Net Margin | -38.6%-19.0pp | -19.6%+5.5pp | -25.1%-25.9pp | 0.8%+12.8pp | -12.0%-0.8pp | -11.2%-31.9pp | 20.7%+62.1pp | -41.3% |
| Return on Equity | N/A | N/A | N/A | 0.2% | N/A | N/A | 4.7% | N/A |
| Return on Assets | -4.7%-1.7pp | -2.9%+0.7pp | -3.7%-3.8pp | 0.1%+2.3pp | -2.2%-0.2pp | -1.9%-5.1pp | 3.2%+8.0pp | -4.9% |
| Current Ratio | 1.10-0.1 | 1.20-0.1 | 1.27-0.1 | 1.39-0.2 | 1.60-0.0 | 1.62-0.0 | 1.65-0.2 | 1.85 |
| Debt-to-Equity | 0.64+0.0 | 0.62+0.0 | 0.58+0.1 | 0.51+0.0 | 0.490.0 | 0.50+0.0 | 0.480.0 | 0.49 |
| FCF Margin | -19.0%-4.1pp | -14.9%+4.9pp | -19.8%-13.4pp | -6.4%+6.4pp | -12.9%-9.8pp | -3.0%-0.2pp | -2.8%+8.4pp | -11.2% |
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Frequently Asked Questions
What is Socket Mobile's annual revenue?
Socket Mobile (SCKT) reported $18.8M in total revenue for fiscal year 2024. This represents a 10.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Socket Mobile's revenue growing?
Socket Mobile (SCKT) revenue grew by 10.2% year-over-year, from $17.0M to $18.8M in fiscal year 2024.
Is Socket Mobile profitable?
No, Socket Mobile (SCKT) reported a net income of -$2.2M in fiscal year 2024, with a net profit margin of -11.9%.
What is Socket Mobile's earnings per share (EPS)?
Socket Mobile (SCKT) reported diluted earnings per share of $-0.30 for fiscal year 2024. This represents a -11.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Socket Mobile's EBITDA?
Socket Mobile (SCKT) had EBITDA of -$1.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Socket Mobile's gross margin?
Socket Mobile (SCKT) had a gross margin of 50.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Socket Mobile's operating margin?
Socket Mobile (SCKT) had an operating margin of -13.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Socket Mobile's net profit margin?
Socket Mobile (SCKT) had a net profit margin of -11.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Socket Mobile's free cash flow?
Socket Mobile (SCKT) generated -$1.3M in free cash flow during fiscal year 2024. This represents a 38.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Socket Mobile's operating cash flow?
Socket Mobile (SCKT) generated -$521K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Socket Mobile's total assets?
Socket Mobile (SCKT) had $27.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Socket Mobile's capital expenditures?
Socket Mobile (SCKT) invested $788K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Socket Mobile spend on research and development?
Socket Mobile (SCKT) invested $4.7M in research and development during fiscal year 2024.
How many shares does Socket Mobile have outstanding?
Socket Mobile (SCKT) had 8M shares outstanding as of fiscal year 2024.
What is Socket Mobile's current ratio?
Socket Mobile (SCKT) had a current ratio of 1.39 as of fiscal year 2024, which is considered adequate.
What is Socket Mobile's debt-to-equity ratio?
Socket Mobile (SCKT) had a debt-to-equity ratio of 0.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Socket Mobile's return on assets (ROA)?
Socket Mobile (SCKT) had a return on assets of -8.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Socket Mobile's cash runway?
Based on fiscal year 2024 data, Socket Mobile (SCKT) had $2.5M in cash against an annual operating cash burn of $521K. This gives an estimated cash runway of approximately 57 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Socket Mobile's Piotroski F-Score?
Socket Mobile (SCKT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Socket Mobile's earnings high quality?
Socket Mobile (SCKT) has an earnings quality ratio of 0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Socket Mobile cover its interest payments?
Socket Mobile (SCKT) has an interest coverage ratio of -7.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Socket Mobile?
Socket Mobile (SCKT) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.