Socket Mobile Inc (OQ:SCKT)
Business Focus: Electronic Equipment & Parts
| Sector: Technology | Industry: Electronic Equipment & Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 40675 ENCYCLOPEDIA CIRCLE FREMONT CA 94538-2475 |
| Tel: | 1-510-9333016 |
| Website: | https://www.socketmobile.com |
| IR: | See website |
| Key People | ||
| Kevin J. Mills President, Chief Executive Officer, Director | Lynn Zhao Chief Financial Officer, Vice President - Finance and Administration, Company Secretary, Director | Leonard L. Ott Executive Vice President - Engineering, Chief Technology Officer | David A. Holmes Chief Business Officer |
| Business Overview |
| Socket Mobile, Inc. is a provider of data capture and delivery solutions designed to enhance workplace productivity. The Company's solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing and quality control processes, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The Company's primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. Its product categories include XtremeScan family, SocketCam family, DuraScan Family, SocketScan family, DuraSled Family, and Software Developer Kit (CaptureSDK). The Company's products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple (iOS), Google (Android) and Microsoft (Windows). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Socket Mobile Inc revenues decreased 20% to $17M. Net loss totaled $1.9M vs. income of $87K. Revenues reflect Americas segment decrease of 20% to $12.5M, Asia Pacific segment decrease of 28% to $2.1M. Net loss reflects Research and development - Balancing increase of 10% to $4.5M (expense), Sales and marketing - Balancing value increase of 10% to $3.7M (expense). |
| Employees: | 61 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $7.86M as of Dec 31, 2023 |
| Annual revenue (TTM): | $17.03M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.20M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.92M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.12M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $0.16M as of Dec 31, 2023 |
| Shares outstanding: | 7,547,327 as of Mar 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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