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  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 700 Series: linear (S700); laser (S730); 2D (S740 & S760)) and durable (rated IP54, dust and water resistant, DuraScan 700 Series: linear (D700), laser (D730), 2D (D740, D750, D760 & D790)). The attachable models (SocketScan 800 Series: linear (S800) and 2D (S840 & S860) attach to a smartphone with a clip or DuraSled creating a one-handed solution. In addition, S760, D760 and S860 scan DotCode and passports, and D790 reads DPM codes. The Company also offers Contactless RFID/NFC reader writer (Contactless Reader/Writer (D600) and Token Exchange (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 Sept. 30, 2019)

 

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

$18.8M
$0.2M
  51.8%
$0.9M
$19.3M
1.32
$13.0M


 

Key Metrics

Description

Quarterly

Annual

Period

Q3 2019

Q3 2018

2018

2017

2016 

Profitable

Yes

No

No

Yes

 Yes

Positive Cash Flow

Yes

Yes

Yes

Yes

 Yes

Positive EBITDA

Yes

Yes

Yes

Yes

 Yes

Cash, end of period ($’000’s)

$881

$1,324

$1,085

$3,380

 $1,319

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

$13,023

$12,441

$12,406

$17,231

 $16,170

Cordless Barcode Scanning – units sold

20,891

17,120

69,850

93,394

 78,590

*** 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

2018

2017

2016

2015

Revenue

$16,454

$21,286

$20,788

$18,400

Gross Margin

8,456

11,390

10,434

8,935

Gross Margin Percent

51.4%

53.5%

50.2%

48.6%

Operating Expenses

9,042

8,973

7,871

6,806

Operating Income (loss)

(586)

2,417

2,563

2,129

Interest and other expense

(129)

(80)

(163)

(279)

Current income taxes payable

--

(51)

(50)

(32)

Net Income (loss) before deferred taxes

(715)

2,286

2,350

1,818

Deferred income taxes**

144

(1,071)

--

--

Net income (loss)**

($571)

$1,215

$2,350

$1,818

EBITDA*

$334

$3,159

$3,195

$2,534

Net income (loss) per share primary

($0.09)

$0.19

$0.41

$0.33

Earnings (loss) per share fully diluted

($0.09)

$0.17

$0.34

$0.30

Weighted Average Shares o/s Primary

Weighted Average Shares o/s Fully Diluted

6,098

6,098

6,293

7,136

5,793

6,892

5,555

5,975



*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, Secretary 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