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 (SCKT) delivers innovative data capture solutions powering mobile workflows across retail, healthcare, and logistics. This news hub provides investors and industry professionals with timely updates on corporate developments, product innovations, and market strategies.
Access official press releases and third-party analysis covering SCKT’s barcode scanning technologies, developer ecosystem partnerships, and operational milestones. Track announcements related to new product launches, strategic collaborations, and financial performance, all curated to support informed decision-making.
Discover how Socket Mobile’s solutions – including mobile POS systems and rugged industrial scanners – address evolving needs in supply chain management and digital payment processing. Content is regularly updated to reflect the company’s role in advancing workplace productivity through cutting-edge data capture tools.
Bookmark this page for streamlined access to SCKT’s latest developments, ensuring you stay informed about technological advancements and industry positioning without promotional bias.
Socket Mobile (NASDAQ: SCKT) has launched the XtremeScan Mag XG640, a rugged scanning solution for the transportation and logistics sectors. This BYOD (Bring Your Own Device) scanner integrates with employees' phones using a magnetic attachment system, enhancing efficiency in mobile workforces. The XG640 is designed for the last-mile delivery market, which is expected to double by 2030, growing at 8.8% CAGR.
The XG640 offers a cost-effective solution for SMBs and independent drivers, allowing them to use personal mobile devices for both navigation and scanning. This approach can lead to significant cost savings for companies, especially smaller trucking firms. The scanner is available for pre-order at an MSRP of $899 and will start shipping in September.
Socket Mobile (NASDAQ: SCKT) has announced the release date for its second quarter 2024 financial results. The company, a leading provider of data capture and delivery solutions, will disclose its Q2 2024 results on Wednesday, July 31, 2024, after the market closes. Following the release, Socket Mobile will host a conference call at 5 p.m. Eastern Time (2 p.m. Pacific Time) to discuss the results with investors and analysts.
Interested parties can access the live conference call by dialing (800) 237-1091 (toll-free within the U.S.) or (848) 488-9280 (toll). This announcement provides investors with important information about when to expect Socket Mobile's latest financial performance update and how to participate in the subsequent discussion.
Socket Mobile, Inc. reported first quarter 2024 financial results showing a 15% increase in revenue to $5.0 million compared to the prior year. The gross margin was 50.3%, operating expenses remained unchanged at $3.0 million, and operating loss decreased to $0.5 million. Cash balances were approximately $2.8 million. The company is focusing on promoting new products, including camera-based scanning technology and XtremeScan and DuraScan Wear products.
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