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. develops data capture and delivery solutions used with mobile business applications. Its updates commonly cover cordless barcode scanners, contactless reader/writers, Bluetooth Low Energy products, and software developer tools such as CaptureSDK that connect Socket devices with iOS, Android, macOS, Shopify, and other application environments.
Company news also follows quarterly GAAP results, product compatibility announcements, partner-platform integrations, and capital actions. Recurring end markets include specialty retail, field service, digital ID, transportation, logistics, manufacturing, healthcare, hospitality, event access, and education.
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Socket Mobile, Inc. (NASDAQ: SCKT) has announced the release date for its first quarter 2023 financial results, set for April 27, 2023, after market close. Following the release, management will host a conference call at 5 p.m. Eastern Time to discuss the results. Investors can participate by dialing (800) 237-1091 within the U.S. or (848) 488-9280 toll. A transcript of the call will be made available on the company's website shortly after. Socket Mobile specializes in data capture and delivery solutions, primarily serving industries such as retail, field service, and manufacturing. The company’s revenue largely comes from third-party barcode-enabled mobile applications that incorporate its cordless scanners.
Socket Mobile, Inc. (NASDAQ: SCKT) announced its financial results for Q4 2022 and the full year. Q4 revenue reached $5.2 million, down 15% year-over-year but up 39% sequentially. The gross margin was 49.3%, a decline from 52.1% in the prior year. The company reported an operating loss of $152,000, contrasting with a profit of $0.7 million a year earlier. For 2022, total revenue was $21.2 million, a decrease of 8%. The net income per share was $0.01, including a tax benefit of $0.09. Despite challenges, Socket Mobile emphasized its commitment to innovation, launching several new products.