Company Overview

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third party barcode enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless reader/writers. Mobile Applications servicing the specialty retailer, field service, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Newark, Calif. and can be reached at +1-510-933-3000 or on its website at www.socketmobile.com. Follow Socket Mobile on Facebook, Twitter @socketmobile or subscribe to sockettalk - the company’s official blog.


Socket Mobile Family of Data Capture Products

Socket Mobile barcode scanners connect over Bluetooth in two form factors: handheld and attachable.  The stand-alone handheld models come in standard (colorful Series 7) and durable (DuraScan IP54 dust and water rated). Both series have three types of scanning engines: linear imager (7Ci or D700), laser (7Mi or D730) and 2D (7Qi, D740 or D750). The attachable models (S800 linear imager and S850 2D) attach to a smartphone or tablet for scanning convenience.  Attachment options include a Socket provided Klip for easy removal or our DuraCase sleeve for enhanced single-handed scanning and charging with selected smartphones.  The attachables can also be used as a stand-alone handheld. The Company also offers a handheld contactless reader/writer Model D600 for data capture using Near Field Communications (NFC). The Company has been identified by VDC Research as a leading worldwide supplier of companion scanners.

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Developer Program – Socket Mobile's SDK enables Apple, Android and Windows application developers to create custom or commercial mobile data collection solutions.  A single installation of the Socket 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 supports a compelling portfolio of enterprise solutions, with more than 700 business applications published in the Apple App Store or the Google Play Store and many proprietary applications distributed to enterprise end users.



Socket Mobile Company Data (NASDAQ: SCKT)

Company Information

Headquarters 
Founded 
Number of Employees    
Newark, CA
March 1992
55

Address:

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

Registered in the State of Delaware

Financial Information
(as of December 31, 2017)

 

Last 12 Months Revenue 
Last 12 Months Income before tax  
Last 12 Months Gross Profit %   
Cash
Total Assets
Current Ratio
Total Equity

$21.3M
$2.3M
$53.5%
$3.4M
$19.8M
3.85
$17.2M



Key Metrics

Description

Annual

Year

2017

2016

2015

2014

Profitable

Yes

Yes

Yes

Yes

Positive Cash Flow

Yes

Yes

Yes

Yes

Cash, end of period ($’000’s)

$3,380

$1,319

$1,028

$633

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

$17,231

$16,170

$3,344

$1,029

Cordless Barcode Scanning – % of total revenue

96%

86%

85%

79%

Cordless Barcode Scanning – units sold

93,394

78,590

65,498

55,004




June 2016 –
Socket Mobile listed on Nasdaq Capital Markets Exchange




 Summary Statements of Operations (Quarterly numbers unaudited)
(Amounts in thousands except per share)

Description

2017

2016

2015

2014

Revenue

$21,286

$20,788

$18,400

$17,021

Gross Margin

11,390

10,434

8,935

7,415

Gross Margin Percent

53.5%

50.2%

48.6%

43.6%

Operating Expenses

8,973

7,871

6,807

6,482

Operating Income

2,417

2,563

2,128

933

Interest and other expense

(80)

(163)

(311)

(500)

Current income taxes payable

(51)

(50)

--

--

Net Income before deferred taxes

2,286

2,350

1,817

$433

Deferred income taxes**

(1,071)

--

--

--

Net income**

$1,215

$2,350

$1,817

$433

EBITDA*

$3,159

$3,195

$2,534

$1,385

Net income per share primary

$0.19

$0.41

$0.33

$0.09

Earnings per share fully diluted

$0.17

$0.34

$0.31

$0.08

Weighted Average Shares o/s Primary

Weighted Average Shares o/s Fully Diluted

6,293

7,136

5,793

6,892

5,555

5,881

5,010

5,257



*EBITDA = Earnings before interest, taxes, depreciation and amortization

**Net income in 2017 includes deferred tax expense which is sheltered by net operating losses. Income taxes prior to 2017 were applied against a full valuation allowance and excluded from net income. Results exclude setup of deferred tax assets of $9,797 in 2016 and revaluation in 2017 of ($2,647) for 2018 lower tax rates.


Executive Management

Kevin Mills 
David Dunlap 
James Lopez       
Lee Baillif 
Len Ott 
Lynn Zhao
President and Chief Executive Officer
Chief Financial Officer
Vice President Sales, Marketing & Developer Program
Vice President Operations
Vice President Engineering & Chief Technical Officer
Vice President & Controller



Company Contact Information

Socket Mobile, Inc.
David Dunlap
Chief Financial Officer
(510) 933-3035
dave@socketmobile.com




Kevin Mills
President & CEO
(510) 933-3111
kevin@socketmobile.com