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Socket Mobile, Inc. (NASDAQ: SCKT) is a pioneering company founded in 1992, specializing in data capture and delivery solutions aimed at boosting productivity across various mobile markets. Headquartered in Newark, California, Socket Mobile is renowned for its innovative cordless barcode scanners and contactless readers/writers, which are seamlessly integrated into third-party mobile applications. These applications are predominantly used in sectors such as retail point of sale (mPOS), field services, healthcare, asset tracking, manufacturing, transportation, event management, and education.
One of Socket Mobile's core strengths is its extensive network of application developers who utilize the company’s software development kit (SDK) to incorporate advanced barcode scanning capabilities into their mobile apps. The company boasts a robust presence in the Americas, Europe, Asia Pacific, and Africa, with the United States being its primary revenue generator.
Recently, Socket Mobile made headlines with the launch of their Apple VAS Certified SocketScan S550 NFC Mobile Wallet Reader. This innovative product interacts with Apple Wallet's digital passes, enhancing user experiences for loyalty programs, event tickets, and more. The S550's certification ensures consistent performance across all iOS platforms, making it a versatile choice for businesses looking to leverage Apple’s VAS infrastructure.
In addition to the S550, Socket Mobile has introduced other notable products such as the SocketCam C860, XtremeScan, DuraScan Wear, and the DuraSled™ Bluetooth Barcode Scanners for iPhone 15. These products are designed to meet a wide range of data capture needs, from basic scanning in good conditions to rugged industrial environments. The company also supports Flutter and React Native developers by integrating advanced camera scanning solutions into their CaptureSDK, simplifying the development process and enhancing app performance.
Financially, Socket Mobile reported $17 million in revenue for 2023, with a slight decline compared to the previous year due to various market dynamics. Despite these challenges, the company saw a significant 37% increase in Q4 revenue compared to Q3, along with improved gross margins. Looking ahead, Socket Mobile remains committed to driving growth through continuous innovation and by supporting its developers and partners with high-quality data capture solutions.
For more information, visit socketmobile.com or follow them on social media platforms: Twitter, YouTube, Facebook, and Blog.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced the release date for its first quarter 2023 financial results, set for April 27, 2023, after market close. Following the release, management will host a conference call at 5 p.m. Eastern Time to discuss the results. Investors can participate by dialing (800) 237-1091 within the U.S. or (848) 488-9280 toll. A transcript of the call will be made available on the company's website shortly after. Socket Mobile specializes in data capture and delivery solutions, primarily serving industries such as retail, field service, and manufacturing. The company’s revenue largely comes from third-party barcode-enabled mobile applications that incorporate its cordless scanners.
Socket Mobile, Inc. (NASDAQ: SCKT) announced its financial results for Q4 2022 and the full year. Q4 revenue reached $5.2 million, down 15% year-over-year but up 39% sequentially. The gross margin was 49.3%, a decline from 52.1% in the prior year. The company reported an operating loss of $152,000, contrasting with a profit of $0.7 million a year earlier. For 2022, total revenue was $21.2 million, a decrease of 8%. The net income per share was $0.01, including a tax benefit of $0.09. Despite challenges, Socket Mobile emphasized its commitment to innovation, launching several new products.
Socket Mobile (NASDAQ: SCKT) will release its fourth quarter 2022 and annual financial results on February 22, 2023, after market close. A conference call to discuss these results will take place at 5 p.m. ET (2 p.m. PT). Investors can access the live call by dialing (866) 374-5140 (U.S. toll-free) or (404) 400-0571 (toll), with the PIN 43948657. The call will also be available via audio webcast, and a transcript will be posted on their website shortly after.
Socket Mobile specializes in data capture and delivery solutions to boost productivity across various sectors, driven primarily by barcode-enabled mobile applications.
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