Company Overview

Socket Mobile is a leading innovator of data capture and delivery solutions for enhanced productivity in workforce mobilization. Our products are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. Our primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. All products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple® (iOS), Google(TM) (Android(TM)) and Microsoft® (Windows®). We offer an easy-to-use software developer kit (Capture SDK) to application developers, which enables them to provide their users with our advanced barcode scanning features. Socket Mobile is headquartered in Newark, Calif. and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on Facebook, and Twitter @socketmobile.


Socket Mobile Family of Data Capture Products

Socket Mobile barcode scanners connect over Bluetooth in two form factors: handheld and attachable.  The handheld models come in standard colorful (SocketScan Models: S700 – linear imager; S730 – laser; S740/760 – universal barcode) and durable (DuraScan IP54-rated withstanding tougher environments: D700 linear imager, D730 laser, and D740/750/760 universal barcode). The attachable models (DuraSled Models: DS800 linear imager and DS840/860 universal barcode) attach to smartphones and tables, creating a one-handed solution. The Company also offers a handheld contactless reader/writer (D600) for data capture using Near Field Communications (NFC) and is providing developers with the Contactless Membership Card Reader/Writer (S550). VDC Research has identified the Company as a leading worldwide supplier of companion scanners.

overview_D600  socketscan700productPage  overview_700series  800seriesproductPage

Developer Program – Socket Mobile’s SDK enables Apple, Android and Windows application developers to create custom or commercial mobile data collection solutions. Its Capture SDK adds state of the art development tools such as Xamarin, Cordova and Java.  A single installation of the Socket Mobile SDK provides universal support for Socket Mobile data capture products, giving customers the opportunity to select the data capture products that work best for them and retaining the ability to upgrade at any time.  Socket Mobile supports a compelling portfolio of enterprise solutions, with more than 900 business applications published in the Apple App Store or the Google Play Store.  

Socket Mobile Company Data (NASDAQ: SCKT)

Company Information

Headquarters 
Founded 
Number of Employees    
Newark, CA
March 1992
50

Address:

Socket Mobile, Inc.
39700 Eureka Drive
Newark, California 94560
U.S.A.

Registered in the State of Delaware

Financial Information
(as of Mar. 31, 2021)

 

Last 12 Months Revenue 
Last 12 Months Income (loss)*   
Last 12 Months Gross Profit %   
Cash
Total Assets
Current Ratio
Total Equity*

$16.3M
($4.7M)
53.2%
$5.0M
$20.6M
2.14
$14.5M

*Including non-cash goodwill impairment charge of $4.4 million.
 

Key Metrics

Description

Quarterly

Annual

Period

Q1 2021

Q1 2020

2020

2019

2018

Profitable

Yes

No

No

Yes

No

Positive Cash Flow

Yes

Yes

Yes

No

Yes

Positive EBITDA

Yes

Yes

No

Yes

Yes

Cash, end of period ($’000’s)

$4,961

$1,143

$2,122

$959

$1,085

Stockholders’ Equity end of period ($’000’s)***

$14,503

$13,267

$10,622

$13,234

$12,405

Cordless Barcode Scanning – units sold

20,682

18,480

66,437

79,041

69,850

*Year 2020 includes non-cash goodwill impairment charge of $4.4 million.


Summary Statements of Operations (Derived from Audited and Unaudited Financial Statements)
(Amounts in thousands except per share)

 
 

Description

2021 (3 mos)

2020

2019

2018

Revenue

$4,812

$15,700 

$19,253

$16,454 

Gross Margin

2,574

8,335

10,101

8,456

Gross Margin Percent

53.5%

53.1%

52.5%

51.4%

Operating Expenses*

2,332

12,685

9,494

9,042

Operating Income (loss)*

242

(4,350)

607

(586)

Net income (loss)*

203

(3,279)

287

(571)

EBITDA

565

2,299

1,590

334

Net income (loss) per share primary*

$0.03

($0.51)

$0.05

($0.09)

Net income (loss) per share fully diluted*

$0.03

($0.51)

$0.05

($0.09)

Weighted Average Shares o/s Primary

Weighted Average Shares o/s Fully Diluted

6,484

7,306

6,036

6,036

5,985

6,208

6,098

6,098



*Year 2020 includes non-cash goodwill impairment charge of $4.4 million