Company Overview

Socket Mobile is a leading provider of data capture and delivery solutions, enhancing productivity for a mobile workforce through innovative technology and tailored applications. Historically, we began as a hardware peripheral company but have transitioned into a comprehensive data capture organization. Our evolution has enabled us to generate revenue through software solutions, as well as hardware solutions like barcode scanners and NFC/RFID readers. Initially building our foundation on hardware, we later expanded into software, creating a robust, integrated offering that covers all aspects of data capture for our customers.

Our solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing and quality control processes, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. 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, enabling them to provide their users with our advanced barcode scanning and NFC/RFID reader features.

Socket Mobile is headquartered in Fremont, CA, and can be reached at +1-510-933-3000 or www.socketmobile.com. Follow Socket Mobile on LinkedIn Opens New Window and X Opens New Window, and keep up with our latest News and Updates.


Socket Mobile Company Data (NASDAQ: SCKT)

Company Information

Headquarters 
Founded 
Number of Employees    
Fremont, CA
March 1992
58

Address:

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

Registered in the State of Delaware

Financial Information
(as of March 31, 2024)

 

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

$17.7M
50.3%
(1.48M)
$2.8M
$28.7M
1.65
$19.2M


 

Key Metrics

Description

Quarterly Annual

Period

Q1 2024

Q1 2023

2023

2022

2021

Profitable

No

No

No

Yes

Yes

Positive Cash Flow

No

No

No

Yes

Yes

Positive EBITDA

Yes

No

No

Yes

Yes

Cash, end of period ($’000’s)

$2,772

$2,963

$2,827

$3,623

$6,096

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

$19,159

$19,449

$19,420

$20,322

$20,046

Cordless Barcode Scanning – units sold

20,647

21,033

74,779

85,910

97,893

 

Summary Statements of Operations

Derived from Audited and Unaudited Financial Statements

(Amounts in thousands except per share)

Description

Q1 2024

2023

2022

Revenue

$4,978

$17,034

$21,238

Gross Margin

$2,505

$8,463

$10,366

Gross Margin Percent

50.3%

49.7%

48.8%

Operating Expenses

$2,990

$11,584

$10,812

Operating Loss

$(485)

$(3,121)

$(446)

Net Income (loss)

$(557)

$(1,919)

$87

EBITDA

$40

$(1,040)

$1,320

Net income (loss) per share - basic

$(0.07)

$(0.27)

$0.01

Net income (loss) per share - fully diluted

$(0.07)

$(0.27)

$0.01

Weighted Average Shares o/s basic

7,442

7,230

7,185

Weighted Average Shares o/s fully diluted

7,442

7,230

7,533