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Socket Mobile Inc - SCKT STOCK NEWS

Welcome to our dedicated news page for Socket Mobile (Ticker: SCKT), a resource for investors and traders seeking the latest updates and insights on Socket Mobile.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Socket Mobile's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Socket Mobile's position in the market.

Rhea-AI Summary
Socket Mobile, Inc. (NASDAQ: SCKT) announces that its SocketScan S370 Universal NFC & QR Code Mobile Wallet Reader has achieved certification from the NFC Forum Certification Program. This certification ensures the device's interoperability and performance within the NFC environment, allowing it to read all NFC Forum-compliant tags. The S370 is a high-performance data capture platform that supports both 1D and 2D barcode scanning and NFC reading and writing, empowering business owners to accept various credential technologies with one device.
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Socket Mobile reports Q3 2023 financial results, with a 14% decrease in revenue and a decline in gross margin. Operating expenses increased by 8.2%. Cash balance is $3.1 million. The company launched new products in Q3, including the XtremeScan product line and the C860 camera-based subscription solution.
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Socket Mobile to release third quarter 2023 financial results
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Socket Mobile expands DuraScan Wear line to enable 2D barcode scanning
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Socket Mobile expands XtremeScan line to enable 2D barcode scanning on latest iPhones in industrial environments.
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0.87%
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Socket Mobile introduces the SocketCam C860, an enhanced camera-based barcode scanner for iOS, offering swift and accurate reading of damaged barcodes and improved scanning in poor lighting conditions. The C860 is available to end-users for a monthly subscription fee of $5.99. This strategic move allows Socket Mobile to diversify its revenue streams and transition from a hardware-based revenue model to one that includes recurring subscription revenue. The company expects the 10% of customers currently using dedicated hardware scanners to continue using their existing hardware. The introduction of the C860 is a transformative shift in Socket Mobile's business model and underscores their commitment to driving value for customers and shareholders.
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-2.65%
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Socket Mobile announces CaptureSDK support for iOS 17
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0.83%
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Socket Mobile, Inc. launches the XtremeScan line of industrial barcode scanning solutions for iPhone 14 and 14 Pro. The XtremeScan family provides rugged and durable options for scanning in extreme work environments. The line includes the XtremeScan Case XC100, XtremeScan XS930, and XtremeScan Grip XG930. The XtremeScan series aims to bring the functionality of iPhones to industrial applications and expand Socket Mobile's market presence.
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2.11%
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-7.05%
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Socket Mobile Inc

Nasdaq:SCKT

SCKT Rankings

SCKT Stock Data

8.15M
5.59M
26.08%
3.65%
0.3%
Electronic Computer Manufacturing
Manufacturing
Link
US
Newark

About SCKT

founded in 1992, socket mobile is a leading innovator of data capture and delivery solutions for enhanced productivity in retail point of sale, field service, healthcare, and other mobile markets. socket mobile’s revenue is primarily driven by the deployment of third party barcode enabled mobile applications that integrate socket mobile’s cordless barcode scanners. socket mobile has a robust network of several thousand application developers registered to use its software developer’s kit to add sophisticated barcode scanning to mobile applications. socket mobile is headquartered in newark, calif. and can be reached at +1-510-933-3000 or socketmobile.com. social media links: twitter: @socketmobile youtube: http://www.youtube.com/socketmobile facebook: http://www.facebook.com/socketmobile blog: http://sockettalk.socketmobile.com