Welcome to our dedicated page for Socket Mobile news (Ticker: SCKT), a resource for investors and traders seeking the latest updates and insights on Socket Mobile stock.
Socket Mobile, Inc. (NASDAQ: SCKT) is a provider of data capture and delivery solutions whose news flow centers on product launches, software platform updates, financial results, and digital identity initiatives. The company manufactures cordless barcode scanners and contactless NFC/RFID readers and writers that integrate with mobile applications used in specialty retail, field service, digital ID, transportation, and manufacturing.
Recent news highlights include the introduction of the SocketScan S721 handheld Bluetooth barcode scanner for Square iOS applications and other mobile point-of-sale platforms, the DuraScan Terminal line built around the Apple iPhone 16e, and the XtremeScan v16e industrial barcode scanners optimized for demanding environments such as warehousing, logistics, and field operations. Socket Mobile has also announced the DuraScan D751 NFC/RFID reader and writer for mobile use in sectors like hospitality, commercial services, and transportation and logistics.
On the software side, the company has launched CaptureSDK 2.0, which it describes as foundational for its next generation of Bluetooth Low Energy-based data capture products and as a unified platform for its global developer community. Regulatory and market developments also appear in the news stream, such as the approval of SocketScan S370 and S550 readers as certified My Number Card readers in Japan’s national digital ID program.
Investors and followers of SCKT can also find regular announcements of quarterly financial results and conference calls, where management discusses revenue trends, product adoption, and business conditions. This news page aggregates these updates so readers can track Socket Mobile’s evolving hardware portfolio, software ecosystem, and participation in digital identity and mobile data capture markets.
Socket Mobile, Inc. (NASDAQ: SCKT) reported Q1 2021 financial results, demonstrating a revenue increase of 14% year-over-year to $4.8 million, up from $4.2 million in Q1 2020. The company achieved a net income of $203,000 or $0.03 per share, contrasting with a net loss of $90,000 in the prior year. Operating expenses remained steady at $2.3 million. Cash reserves increased to $5.0 million, a $2.8 million rise from the previous quarter. CEO Kevin Mills noted strong demand despite supply chain challenges, highlighting the company’s recent technology transfer agreement with SpringCard SAS.
Socket Mobile, Inc. (NASDAQ: SCKT) will release its 2021 first-quarter financial results on April 22, 2021, after market close. A conference call with management will follow at 5 p.m. ET to discuss the results. Investors can access the call by dialing (888) 424-8151 in the U.S. or (847) 585-4422 for international listeners, using passcode 7255 653. A transcript will be available on the company's website shortly after the call.
Socket Mobile (NASDAQ: SCKT) announces the release of its v1.50 firmware for the D600 NFC reader, enhancing data capture solutions. This device enables reading of NFC messages and cards from mobile phones, including QR codes. The D600 supports all NFC tag types, facilitating a seamless transition from QR codes to NFC tap-and-go solutions, improving user identification processes.
The D600 is compatible with NFC Forum specifications and works with mobile apps developed with Capture SDK, allowing extensive integration for developers.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced a licensing agreement with SpringCard SAS to utilize its contactless technology in its products. This partnership aims to enhance contactless data capture solutions, with products like the DuraScan D600 and SocketScan S550 incorporating SpringCard's technology. The SocketScan S550 is certified for Apple VAS and Google Wallet, supporting secure mobile data exchanges. The collaboration is expected to leverage the growing demand for contactless solutions post-pandemic, driving new business opportunities in various sectors.
Socket Mobile, Inc. (SCKT) reported fourth-quarter 2020 revenue of $4.7 million, up from $4.6 million in Q4 2019, with a gross margin of 53.2%. Operating expenses decreased 12.4% to $1.9 million. The company achieved a net income of $1.6 million ($0.26 per basic share) due to a $1.1 million loan forgiveness under the Paycheck Protection Program. However, the full-year revenue fell to $15.7 million from $19.3 million in 2019, marking a net loss of $3.3 million, influenced by a $4.4 million goodwill impairment.
Socket Mobile, Inc. (NASDAQ: SCKT) will announce its 2020 fourth quarter and annual financial results on February 24, 2021, after market close. A conference call to discuss these results is scheduled for 5 p.m. ET (2 p.m. PT) on the same day. Interested parties can access the conference via dial-in or through a webcast on the company’s website. Socket Mobile focuses on data capture solutions primarily for mobile applications, targeting sectors such as retail and manufacturing.
Socket Mobile has launched the DuraSled, the first enterprise-grade barcode scanner compatible with the iPhone 12 series, including the iPhone 12, 12 Pro, 12 Pro Max, and 12 Mini. This innovation allows users to enhance productivity by turning their iPhones into effective scanning solutions.
The DuraSled features a rugged design and is available in three models: DS800 (1D scanner), DS840 (1D/2D scanner), and DS860 (1D/2D and identification scanner), making it versatile for various workplace applications. These products are now available for purchase on Socket Mobile's online store.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced that its SocketScan S550 Contactless Membership Card Reader/Writer has achieved certification from Google Wallet. As part of Google's Smart Tap partner program, the S550 enables contactless transactions using NFC technology. This device is designed for loyalty programs, memberships, and customer services, allowing seamless integration with Google Pay. Priced at $269, the S550 will be available to the public on December 1, 2020. The product enhances customer experiences by facilitating secure, mobile pass interactions without the need for separate merchant apps.
Socket Mobile, Inc. (NASDAQ: SCKT) announced a $4.4 million non-cash goodwill impairment charge resulting from a lower stock price during 2020. This adjustment was recorded in the Q3 2020 results and does not impact the company's cash position or future operations. The impairment reflects a required annual assessment under accounting standards, specifically as of September 30, 2020. Despite the charge, the company maintains its cash flow and operating activities unaffected. Socket Mobile continues to focus on enhancing productivity through its data capture solutions.
Socket Mobile (NASDAQ: SCKT) announces the launch of its DuraSled™ scanning sleds compatible with the 2020 iPhone SE, enhancing productivity for businesses using iPhone applications. The DuraSled™ features a rugged design and versatile charging, making it ideal for various tasks like delivery and stock counting. It is designed to seamlessly transition between iPhone models, reducing costs when upgrading devices. Three models are available: DS800 (1D scanner), DS840 (1D/2D scanner), and DS860 (1D/2D and ID scanner), all designed and assembled in the U.S. and available for purchase online.