Company Overview

Socket 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  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
56

Address:

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

Registered in the State of Delaware

Financial Information
(as of Dec. 31, 2019)

 

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

$19.3M
$0.5M
  52.5%
$0.96M
$19.46M
1.38
$13.2M


 

Key Metrics

Description

Quarterly

Annual

Period

Q4 2019

Q4 2018

2019

2018

2017 

Profitable

Yes

No

Yes

No

 Yes

Positive Cash Flow

Yes

No

No

Yes

 Yes

Positive EBITDA

Yes

Yes

Yes

Yes

 Yes

Cash, end of period ($’000’s)

$959

$1,296

$959

$1085

 $3,380

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

$13,234

$12,404

$13,234

$12,405

 $17,231

Cordless Barcode Scanning – units sold

18,949

17,859

79,041

69,850

 93,394

*** Stockholders equity at December 31, 2018 includes the buyback of $5.0 million in common stock (18%) in Q1 2018.

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

 
 

Description

2019

2018

2017

2016

Revenue

$19,253

$16,454 

$21,286

$20,788 

Gross Margin

10,101

8,456

11,390

10,434

Gross Margin Percent

52.5%

51.4%

53.5%

50.2%

Operating Expenses

9,494

9,042

8,973

7,871

Operating Income (loss)

607

(586)

2,417

2,563

Interest and other expense

(101)

(129)

(80)

(163)

Current income taxes payable

--

--

(51)

(50)

Net Income (loss) before deferred taxes

506

(715)

2,286

2,350

Deferred income taxes**

(219)

144

(1,071)

--

Net income (loss)**

$287

($571)

$1,215

$2,350

EBITDA*

$1,590

$334

$3,159

$3,195

Net income (loss) per share primary

$0.05

($0.09)

$0.19

$0.41

Earnings (loss) per share fully diluted

$0.05

($0.09)

$0.17

$0.34

Weighted Average Shares o/s Primary

Weighted Average Shares o/s Fully Diluted

5,985

6,208

6,098

6,098

6,293

7,136

5,793

6,892



*EBITDA = Earnings before interest, taxes, depreciation and amortization
**Net income in 2016 excludes setup of deferred tax assets of a gain of $9.7 million ($1.91 per share). Previously income taxes were accounted for with a valuation allowance and did not impact the income statement. Deferred income taxes and net income in 2017 exclude a deferred tax revaluation charge of $2.6 million ($0.17 per share) reflecting lower corporate tax rates on which deferred tax assets were based.  

 

Executive Management

Kevin Mills  President and Chief Executive Officer 
Len Ott Chief Technical Officer and Executive Vice President of Engineering
Lynn Zhao Vice President of Finance and Administration, and Chief Financial Officer
Lee Baillif 
Vice President of Customer Experience & Quality Systems
 

Company Contact Information

Socket Mobile, Inc.
Lynn Zhao
Chief Financial Officer
510-933-3016
lynn@socketmobile.com




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