Welcome to our dedicated page for Socket Mobile New news (Ticker: SCKT), a resource for investors and traders seeking the latest updates and insights on Socket Mobile New stock.
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), a provider of data capture solutions, has appointed Laura Weinstein to its Board of Directors as of July 25, 2022. This appointment increases the board to eight members, with six being independent. Weinstein brings over 20 years of legal experience in high-growth technology firms, enhancing the board's capabilities in business strategy and regulatory compliance. The chairman, Charlie Bass, expressed confidence that her expertise will help drive growth and enhance shareholder value.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced it will release its 2022 second quarter financial results after market close on July 28, 2022. A conference call to discuss these results will be held at 5 p.m. ET (2 p.m. PT). Investors can access the conference via dial-in or a live webcast on Socket Mobile's website. The company specializes in data capture and delivery solutions, providing barcode scanners and mobile applications primarily serving retail, field service, transportation, and manufacturing markets.
Socket Mobile, Inc. (NASDAQ: SCKT) has launched the SocketScan S720, a Bluetooth barcode scanner capable of reading both 1D and 2D barcodes. Designed for general-purpose scanning, the S720 enhances mobility and productivity, reducing manual data entry errors. With the growing usage of 2D barcodes, anticipated to become standard by 2027, this device offers businesses an efficient way to track inventory and consumer data. Priced at $249 and available in August 2022, the S720 aims to facilitate a seamless transition for existing users of the S700 model to incorporate 2D barcode functionality.
Socket Mobile (NASDAQ: SCKT) announced that its SocketScan S550 has been named a finalist for the 2022 NFC Forum Innovation Awards. This mobile wallet reader combines 13.56 MHz contactless technology with Bluetooth LE integration, making it ideal for various applications such as loyalty programs, age verification, and ticket validation. The S550's certification from the NFC Forum ensures compatibility with billions of NFC tags. The awards ceremony will be held on June 22, 2022, recognizing outstanding NFC technology innovations.
Socket Mobile, Inc. (NASDAQ: SCKT) will host a free webinar on June 29 at 11:00 a.m. PDT, focusing on app development using Xamarin and data capture integration with its CaptureSDK. Software Engineer Matt Robbins will guide attendees through app creation, leveraging Xamarin's features to enhance productivity. This webinar concludes a three-part series, showcasing Socket Mobile's commitment to providing development tools adaptable to various platforms. Participants can expect an interactive session with live Q&A, with recordings of previous webinars available on the company's website.
Socket Mobile (NASDAQ: SCKT) has launched the SocketScan S370, a versatile mobile wallet reader designed to enhance workplace productivity with 1D/2D barcode scanning and NFC capabilities. This device supports both QR codes and NFC, catering to the growing demand for digital IDs and Mobile Driver's Licenses (mDLs). The S370 will start sampling to key app partners in July, with general availability from August 2022 at an MSRP of $369. This innovation aims to simplify data capture for businesses while meeting evolving market needs.
Socket Mobile, Inc. (NASDAQ: SCKT) announced it will host a free webinar on June 8 at 11:00 a.m. PDT, focusing on app development using React Native and data capture through CaptureSDK. Software Engineer Matthew Croak will guide participants in creating applications with integrated data capture capabilities. This is part of a three-part series, with the first session completed on May 18, covering Flutter development. The company emphasizes its commitment to supporting various development platforms, showcasing its tools for enhancing workplace productivity.
Socket Mobile, Inc. (NASDAQ: SCKT) is set to host a webinar on May 18 at 11:00 a.m. PDT, focusing on app development using Flutter and its CaptureSDK. The session, led by SDK Engineer Matthew Croak, will guide attendees on integrating data capture into applications. Flutter, backed by Google, is a prominent tool among developers for cross-platform applications. This webinar is the first of a three-part series aimed at enhancing developers' productivity with tools like CaptureSDK. Registration details are available on their website.
Socket Mobile, Inc. (NASDAQ: SCKT) announced its S550 NFC reader/writer has achieved CR12 certification from the NFC Forum Certification Program, marking it as the first cordless NFC reader to do so. This certification ensures compatibility with billions of NFC tags, enhancing workplace productivity. The S550 supports various NFC interactions, including electronic age verification. Available now for $269, it facilitates easy integration into applications through Socket Mobile's CaptureSDK, which offers reliable data capture performance for enhanced consumer experiences.
Socket Mobile, Inc. (NASDAQ: SCKT) reported a 31% revenue increase to $6.3 million for Q1 2022, compared to $4.8 million in Q1 2021. Gross margin fell to 49.7% from 53.5% due to rising component and freight costs. Operating income improved to $0.5 million from $0.2 million year-over-year, but declined from $0.7 million in Q4 2021. Diluted earnings per share rose to $0.04 compared to $0.03 last year. The company plans to strengthen its software development tools and adapt to evolving data capture needs.
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