Socket Mobile - SCKT STOCK NEWS

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.

Socket Mobile, Inc. (NASDAQ: SCKT), based in Fremont, Calif., announced the launch of its DuraSled™ Bluetooth Barcode Scanners compatible with the iPhone 14 on January 16, 2023. These new models enhance workplace productivity by integrating 1D/2D barcode scanning in a handheld sled case for iPhones. The DuraSled range includes four models (DS800, DS820, DS840, DS860), now supporting various older iPhone versions as well. The DuraSled combines iPhone versatility with robust barcode scanning capabilities, making it ideal for industries such as retail and delivery. The models will be available in February with an MSRP starting at $299.

Socket Mobile (NASDAQ: SCKT) announced the addition of .NET MAUI support in its CaptureSDK, enhancing its data capture solutions for app developers. MAUI, a replacement for Xamarin by Microsoft, allows developers to create cross-platform applications using a single codebase for iOS, Android, Windows, and macOS. This update expands Socket Mobile's development capabilities and aligns with its commitment to support app partners. The CaptureSDK is already integrated with thousands of applications, streamlining data capture processes and improving productivity.

Socket Mobile, Inc. (NASDAQ: SCKT) announced full compatibility of its CaptureSDK and barcode scanners with iPadOS 16. This ensures Apple iPad users can leverage their data capture tools effectively. The company emphasizes its commitment to maintaining OS compatibility, enabling app developers to upgrade seamlessly with every iOS update. The CaptureSDK enhances data capture reliability and productivity, making Socket Mobile's devices a preferred choice for Apple users. The strong track record of support positions Socket Mobile favorably in the market as it adapts to evolving technology.

Socket Mobile, Inc. (NASDAQ: SCKT) reported a net loss of $874,000 for Q3 2022 compared to a net income of $644,000 in Q3 2021. Revenue dropped to $3.7 million from $6.3 million year-over-year, reflecting market uncertainty. Gross margin decreased to 44.4%, down from 54.2% in the prior year. The company experienced an increase in operating expenses to $2.6 million. Despite lower reported revenue, sales through distribution partners were $4.8 million, indicating underlying demand. CEO Kevin Mills noted ongoing investments in critical projects amidst challenging conditions.