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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) will release its 2022 first-quarter financial results on April 28, 2022, 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 call by dialing (866) 374-5140 (U.S.) or (404) 400-0571 (toll), with passcode 11783511. A transcript will be available on the company’s website a few days post-call. Socket Mobile specializes in data capture solutions, primarily serving markets like retail and manufacturing.
Socket Mobile (NASDAQ: SCKT) announced the shipment of its millionth scanner in Q1 2022, marking a significant milestone in the company's history. Having shipped over 100,000 scanners in 2021, the company credits its success to robust partnerships with application providers like Shopify and Block. As businesses increasingly rely on mobile applications, Socket Mobile continues to adapt, providing innovative data capture tools through products like DuraScan, SocketScan, and DuraSled. The company remains committed to enhancing workplace productivity through high-quality solutions.
Socket Mobile (NASDAQ: SCKT) announced that President and CEO Kevin Mills will present at the 2022 Virtual Growth Conference, hosted by Maxim Group LLC on March 28-30, from 9:00 a.m. to 5:00 p.m. EDT. This virtual event will feature a range of company presentations and live Q&A sessions, connecting investors with executives from various sectors including Technology and Healthcare. Interested attendees can register as M-Vest members to access the conference.
Socket Mobile (NASDAQ: SCKT) has announced that its CaptureSDK and all barcode scanners and NFC reader/writers are fully compatible with iOS 15 and iPadOS 15, including the recent updates 15.4. This compatibility ensures Apple device users can maximize their productivity using Socket's products, maintaining a strong track record of OS compatibility. The CaptureSDK allows seamless integration of Socket's data capture devices, enhancing efficiency for app developers and end-users alike.
Socket Mobile, Inc. (NASDAQ: SCKT) has launched CaptureSDK support for Flutter, expanding its data capture solutions. Flutter is an open-source framework by Google, popular among developers for multi-platform applications. CaptureSDK now supports iOS, Android, Windows, C#, React Native, Java, and JavaScript, enabling developers to maintain a single-codebase. The integration aims to simplify data capture for app providers, enhancing productivity and user experience. This strategic move is expected to bolster Socket Mobile's partnerships with app developers.
Socket Mobile, Inc. (SCKT) announced its financial results for Q4 and the full year of 2021. Q4 revenue grew 31% year-over-year to $6.1 million, while full-year revenue increased 48% to $23.2 million. Despite a strong revenue performance, Q4 gross margin decreased to 52.1%. Operating income for Q4 was $0.7 million, down from $1.0 million in Q3. The company reported diluted earnings per share of $0.11, down from $0.22 a year prior. The cash balance improved to $6.1 million at year-end. The Board approved a $1.8 million share repurchase program, expiring in March 2023.
Socket Mobile has launched the SocketCam C820, a free software-based barcode scanner that turns mobile devices into high-performance scanners. This innovation enhances accessibility to Socket's CaptureSDK, which previously required a physical scanner. The C820 supports diverse user needs, from low-volume to high-performance data capture, facilitating broader market reach. A preview version for developers is available, with plans for an advanced model, the C860, later in the year.
Socket Mobile, Inc. (NASDAQ: SCKT) has announced the release date for its 2021 fourth quarter and annual financial results, scheduled for February 16, 2022, after market close. The company will host a conference call at 5 p.m. ET to discuss these results. Interested parties can access the call via dial-in or through a live audio webcast, with details provided on their website. Socket Mobile specializes in data capture solutions, primarily via mobile applications for various sectors including retail and transportation.
Socket Mobile, Inc. (NASDAQ: SCKT) reported a 54% increase in revenue to $6.3 million for Q3 2021, compared to $4.1 million in Q3 2020. Operating income reached $954,000, a significant improvement over a loss of $4.0 million in the previous year. Gross margin decreased slightly to 54%. Net income was $644,000 or $0.07 per diluted share. Cash generated from operations was $0.7 million, with a cash balance of $5.4 million. Despite ongoing component shortages impacting supply chain, the company is investing in growth and developing new NFC products.
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