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) has announced the launch of its new SM Keyboard application, which supports free camera-based scanning with the SocketCam C820. This app simplifies data capture by allowing barcode scanners to work with both scanner-enabled and non-scanner-enabled applications without switching modes. The SocketCam C820 turns smartphone cameras into high-performance barcode scanners, offering flexibility and simplicity, especially for low-volume scanning without additional hardware costs. The app is available for free download on the Apple App Store.
Socket Mobile, Inc. (NASDAQ: SCKT) launched a trade-in program for SocketScan S700 users, allowing them to upgrade to the S720 Linear Barcode plus QR code Reader for $199. The S720 offers additional functionality, including support for 2D barcode scanning, necessary for evolving data capture needs. The upgrade program includes a $50 credit for the trade-in of S700 devices and will be available until September 30, 2022. As QR code usage increases, the S720 positions Socket Mobile to meet changing market demands, aligning with GS1's push for 2D barcodes in retail by 2027.
Socket Mobile reported its Q2 2022 financial results with a 2% revenue increase to $6.05 million year-over-year, but a 4% sequential decline from Q1 2022. The gross margin fell to 50.2%, impacted by higher component and shipping costs. Operating expenses rose 17% year-over-year to $2.8 million, leading to a decrease in operating income to $189,000. The company attributes challenges to supply chain issues affecting hardware availability but remains optimistic about future growth driven by innovative product launches like SocketScan S720 and S370.
Socket Mobile, Inc. (NASDAQ: SCKT), a provider of data capture solutions, has appointed Laura Weinstein to its Board of Directors as of July 25, 2022. This appointment increases the board to eight members, with six being independent. Weinstein brings over 20 years of legal experience in high-growth technology firms, enhancing the board's capabilities in business strategy and regulatory compliance. The chairman, Charlie Bass, expressed confidence that her expertise will help drive growth and enhance shareholder value.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced it will release its 2022 second quarter financial results after market close on July 28, 2022. A conference call to discuss these results will be held at 5 p.m. ET (2 p.m. PT). Investors can access the conference via dial-in or a live webcast on Socket Mobile's website. The company specializes in data capture and delivery solutions, providing barcode scanners and mobile applications primarily serving retail, field service, transportation, and manufacturing markets.
Socket Mobile, Inc. (NASDAQ: SCKT) has launched the SocketScan S720, a Bluetooth barcode scanner capable of reading both 1D and 2D barcodes. Designed for general-purpose scanning, the S720 enhances mobility and productivity, reducing manual data entry errors. With the growing usage of 2D barcodes, anticipated to become standard by 2027, this device offers businesses an efficient way to track inventory and consumer data. Priced at $249 and available in August 2022, the S720 aims to facilitate a seamless transition for existing users of the S700 model to incorporate 2D barcode functionality.
Socket Mobile (NASDAQ: SCKT) announced that its SocketScan S550 has been named a finalist for the 2022 NFC Forum Innovation Awards. This mobile wallet reader combines 13.56 MHz contactless technology with Bluetooth LE integration, making it ideal for various applications such as loyalty programs, age verification, and ticket validation. The S550's certification from the NFC Forum ensures compatibility with billions of NFC tags. The awards ceremony will be held on June 22, 2022, recognizing outstanding NFC technology innovations.
Socket Mobile, Inc. (NASDAQ: SCKT) will host a free webinar on June 29 at 11:00 a.m. PDT, focusing on app development using Xamarin and data capture integration with its CaptureSDK. Software Engineer Matt Robbins will guide attendees through app creation, leveraging Xamarin's features to enhance productivity. This webinar concludes a three-part series, showcasing Socket Mobile's commitment to providing development tools adaptable to various platforms. Participants can expect an interactive session with live Q&A, with recordings of previous webinars available on the company's website.
Socket Mobile (NASDAQ: SCKT) has launched the SocketScan S370, a versatile mobile wallet reader designed to enhance workplace productivity with 1D/2D barcode scanning and NFC capabilities. This device supports both QR codes and NFC, catering to the growing demand for digital IDs and Mobile Driver's Licenses (mDLs). The S370 will start sampling to key app partners in July, with general availability from August 2022 at an MSRP of $369. This innovation aims to simplify data capture for businesses while meeting evolving market needs.
Socket Mobile, Inc. (NASDAQ: SCKT) announced it will host a free webinar on June 8 at 11:00 a.m. PDT, focusing on app development using React Native and data capture through CaptureSDK. Software Engineer Matthew Croak will guide participants in creating applications with integrated data capture capabilities. This is part of a three-part series, with the first session completed on May 18, covering Flutter development. The company emphasizes its commitment to supporting various development platforms, showcasing its tools for enhancing workplace productivity.