Socket Mobile Stock Price, News & Analysis

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.

Socket Mobile, Inc. (NASDAQ: SCKT) is set to host a webinar on May 18 at 11:00 a.m. PDT, focusing on app development using Flutter and its CaptureSDK. The session, led by SDK Engineer Matthew Croak, will guide attendees on integrating data capture into applications. Flutter, backed by Google, is a prominent tool among developers for cross-platform applications. This webinar is the first of a three-part series aimed at enhancing developers' productivity with tools like CaptureSDK. Registration details are available on their website.

Socket Mobile, Inc. (NASDAQ: SCKT) announced its S550 NFC reader/writer has achieved CR12 certification from the NFC Forum Certification Program, marking it as the first cordless NFC reader to do so. This certification ensures compatibility with billions of NFC tags, enhancing workplace productivity. The S550 supports various NFC interactions, including electronic age verification. Available now for $269, it facilitates easy integration into applications through Socket Mobile's CaptureSDK, which offers reliable data capture performance for enhanced consumer experiences.

Socket Mobile, Inc. (NASDAQ: SCKT) reported a 31% revenue increase to $6.3 million for Q1 2022, compared to $4.8 million in Q1 2021. Gross margin fell to 49.7% from 53.5% due to rising component and freight costs. Operating income improved to $0.5 million from $0.2 million year-over-year, but declined from $0.7 million in Q4 2021. Diluted earnings per share rose to $0.04 compared to $0.03 last year. The company plans to strengthen its software development tools and adapt to evolving data capture needs.

Socket Mobile, Inc. (NASDAQ: SCKT) will release its 2022 first-quarter financial results on April 28, 2022, after market close. A conference call to discuss these results will take place at 5 p.m. ET (2 p.m. PT). Investors can access the call by dialing (866) 374-5140 (U.S.) or (404) 400-0571 (toll), with passcode 11783511. A transcript will be available on the company’s website a few days post-call. Socket Mobile specializes in data capture solutions, primarily serving markets like retail and manufacturing.

Socket Mobile (NASDAQ: SCKT) announced the shipment of its millionth scanner in Q1 2022, marking a significant milestone in the company's history. Having shipped over 100,000 scanners in 2021, the company credits its success to robust partnerships with application providers like Shopify and Block. As businesses increasingly rely on mobile applications, Socket Mobile continues to adapt, providing innovative data capture tools through products like DuraScan, SocketScan, and DuraSled. The company remains committed to enhancing workplace productivity through high-quality solutions.