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) 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.
Socket Mobile (NASDAQ: SCKT) announced that President and CEO Kevin Mills will present at the 2022 Virtual Growth Conference, hosted by Maxim Group LLC on March 28-30, from 9:00 a.m. to 5:00 p.m. EDT. This virtual event will feature a range of company presentations and live Q&A sessions, connecting investors with executives from various sectors including Technology and Healthcare. Interested attendees can register as M-Vest members to access the conference.
Socket Mobile (NASDAQ: SCKT) has announced that its CaptureSDK and all barcode scanners and NFC reader/writers are fully compatible with iOS 15 and iPadOS 15, including the recent updates 15.4. This compatibility ensures Apple device users can maximize their productivity using Socket's products, maintaining a strong track record of OS compatibility. The CaptureSDK allows seamless integration of Socket's data capture devices, enhancing efficiency for app developers and end-users alike.
Socket Mobile, Inc. (NASDAQ: SCKT) has launched CaptureSDK support for Flutter, expanding its data capture solutions. Flutter is an open-source framework by Google, popular among developers for multi-platform applications. CaptureSDK now supports iOS, Android, Windows, C#, React Native, Java, and JavaScript, enabling developers to maintain a single-codebase. The integration aims to simplify data capture for app providers, enhancing productivity and user experience. This strategic move is expected to bolster Socket Mobile's partnerships with app developers.
Socket Mobile, Inc. (SCKT) announced its financial results for Q4 and the full year of 2021. Q4 revenue grew 31% year-over-year to $6.1 million, while full-year revenue increased 48% to $23.2 million. Despite a strong revenue performance, Q4 gross margin decreased to 52.1%. Operating income for Q4 was $0.7 million, down from $1.0 million in Q3. The company reported diluted earnings per share of $0.11, down from $0.22 a year prior. The cash balance improved to $6.1 million at year-end. The Board approved a $1.8 million share repurchase program, expiring in March 2023.
Socket Mobile has launched the SocketCam C820, a free software-based barcode scanner that turns mobile devices into high-performance scanners. This innovation enhances accessibility to Socket's CaptureSDK, which previously required a physical scanner. The C820 supports diverse user needs, from low-volume to high-performance data capture, facilitating broader market reach. A preview version for developers is available, with plans for an advanced model, the C860, later in the year.