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 (CaptureSDK) 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 CaptureSDK 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    		 Fremont, CA
March 1992
60

Address:

Socket Mobile, Inc.
40675 Encyclopedia Cir.
Fremont, California 94538
U.S.A.

Registered in the State of Delaware

Financial Information
(as of Sept. 30, 2023)
 

Last 12 Months Revenue 
Last 12 Months Gross Profit % 
Last 12 Months Loss  
Cash
Total Assets
Current Ratio
Total Equity*

$17.8M
48.8%
(2.32M)
$3.1M
$27.3M
1.85
$18.4M

 

Key Metrics

Description

 Quarterly Annual

Period

Q3 2023

Q3 2022

2022

2021

2020

Profitable

No

No

 Yes

Yes

No

Positive Cash Flow

No

No

Yes

Yes

Yes

Positive EBITDA

No

No

Yes

Yes

No

Cash, end of period ($’000’s)

$3,094

$4,237

$3,623

$6,096

$2,122

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

$18,375

$19,696

$20,322

$20,046

$10,622

Cordless Barcode Scanning – units sold

20,293

20,165

85,910

97,893

67,297
 

Summary Statements of Operations

Derived from Audited and Unaudited Financial Statements

(Amounts in thousands except per share)

Description

Q3 2023

2022

2021

Revenue

$3,206

$21,238

$23,199

Gross Margin

$1,418

$10,366

$12,436

Gross Margin Percent

44.2%

48.8%

53.6%

Operating Expenses*

$2,817

$10,812

$9,739

Operating Income (loss)*

$(1,399)

$(621)

$2,697

Net income (loss)**

$(1,325)

$87

$4,466

EBITDA

$866

$1,320

$4,216

Net income (loss) per share primary*

$(0.16)

$0.01

$0.58

Net income (loss) per share fully diluted*

$(0.16)

$0.01

$0.48

Weighted Average Shares o/s Primary

7,320

7,185

6,991

Weighted Average Shares o/s Fully Diluted

7,320

7,533

8,923

**2021 includes a deferred income tax benefit of $1.9 million resulting from the disqualified disposition of incentive stock options