UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______. Commission file number 1-13810 SOCKET MOBILE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Socket Mobile, Inc. (NASDAQ:SCKT) Q4 2022 Earnings Conference Call February 22, 2023 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO David Holmes - Chief Business Officer Conference Call Participants Chris Sakai - Singular Research Operator Welcome to the Fourth Quarter and Full Year 2022 Financial Results for Socket Mobile. My name is Darrell, and I will be your operator for today's call. Before we begin, I'd like to remind everyone that this conference call may contain forw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period ___________________ to _____________________. Commission file number 1-13810 SOCKET MOBILE, INC. (Exact name of registrant as specified in its charter) Delaware 94-3155066 (State of incorporation) (IRS Employer Identification No.) (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHA ...

Socket Mobile, Inc. (NASDAQ:SCKT) Q3 2022 Earnings Conference Call October 27, 2022 5:00 PM ET Corporate Participants Kevin Mills - President and Chief Executive Officer Lynn Zhao - Chief Financial Officer David Holmes - Chief Business Officer Conference Call Participants Chris Sakai - Singular Research John Harrington - Wells Fargo Operator Welcome to the Socket Mobile 2022 Third Quarter Financial Results Conference Call. My name is Darrell, and I will be your operator for today's call. Before we begin, I' ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2022 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period ___________________ to _____________________. Commission file number 1-13810 SOCKET MOBILE, INC. (Registrant's telephone number, including area code) Securities register ...

Socket Mobile, Inc. (NASDAQ:SCKT) Q2 2022 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO David Holmes - Chief Business Officer Conference Call Participants Charlie Chambers - C3 Steve Swanson - Private Investor Chris Sakai - Singular Research Operator Welcome to the 2022 Second Quarter Financial Results for Socket Mobile. My name is Hilda and I will be your operator for today's call. Before we begin, I'd like to remind everyone that thi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (X) QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2022 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period ___________________ to _____________________. Commission file number 1-13810 SOCKET MOBILE, INC. (Exact name of registrant as specified in its charter) Delaware 94-3155 ...

Financial Data and Key Metrics Changes - In Q1 2022, revenue increased by 31% to $6.3 million compared to $4.8 million in Q1 2021 [5] - Gross margins decreased to 49.7% from 52.1% in Q1 2021 due to higher component and freight costs [5] - Earnings per share rose to $0.04 from $0.03 in Q1 2021 [5] - Operating income was $464,000, representing a 7% operating margin [18] - Adjusted EBITDA increased to $0.9 million, up 57% from the prior quarter [18] Business Line Data and Key Metrics Changes - Significant progress was made with the Capture SDK software tools, including the announcement of Capture SDK for Flutter, which is used by over 2 million developers [9] - The launch of the SocketCam C820, a new product that turns mobile devices into high-performance barcode scanners, was highlighted [10] - The company aims to expand its offerings to serve a wider audience, from price-sensitive to performance-sensitive customers [11] Market Data and Key Metrics Changes - The company is experiencing supply chain challenges, particularly with the availability of printers and cash stores for mobile point-of-sale deployments [6] - Inventory levels increased to $5.2 million from $3.7 million a year ago, enabling the company to meet customer demand despite supply constraints [19] Company Strategy and Development Direction - The company is focused on becoming a more comprehensive data capture company and is investing in the digital ID and mobile driver's license space [13] - The strategy includes reducing discounts and increasing sales in lower discount channels to recover margin losses [15] Management's Comments on Operating Environment and Future Outlook - Management expects supply chain issues to remain challenging for most of 2022 but believes the situation is stabilizing [6] - The company is building a solid foundation for future revenue growth, with expectations for stronger performance in 2023 and beyond [8] Other Important Information - The company ended Q1 with a cash balance of $5.4 million and a current ratio of 2.8 to 1, indicating a strengthened balance sheet [19] - A share buyback program was approved, targeting the repurchase of 91,000 shares in Q2, with 71,000 shares already repurchased at an average price of $4.15 [19] Q&A Session Summary Question: How will the free C820 product help increase revenue and earnings? - Management explained that the free C820 product aims to reduce the rework cycle for application developers by allowing them to integrate both camera-based and dedicated scanning solutions [22][24] Question: What was the total units sold during Q1? - The company sold 27,700 units in Q1, which is an increase from the previous quarter [27][28] Question: What is the purpose of the share buyback program? - Management stated that the share buyback is intended to show confidence in the stock and to reduce the number of shares outstanding, as they believe the stock is undervalued [42][43]

FORM 10-K (X) ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______. Commission file number 1-13810 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Securities registered pursuant to Section 12(b) of the Exchange Act: | Title of each class | Trading | Name of each exchange ...

Financial Data and Key Metrics Changes - In 2021, the company achieved a revenue growth of 48% to $23.1 million, with a gross margin maintained in the 53% range and reported operating income of $2.7 million [4][10] - For Q4, revenue grew by 31% to $6.1 million, with gross margins slightly lower at 52.1% due to increased supply chain costs, resulting in an operating income of $700,000 for the quarter [5][10] - The net income for Q4 was $1.1 million, down from $1.9 million in the prior year, while the annual net income was $4.5 million compared to a loss of $3.3 million in 2020 [12][13] Business Line Data and Key Metrics Changes - The company focused on the data capture markets, benefiting from the success of application partners, which contributed to the revenue growth [5][10] - The introduction of the SocketCam C820 is aimed at expanding the product offerings to meet diverse data capture needs, enhancing the company's market position [7][9] Market Data and Key Metrics Changes - The company noted that approximately 70% of end-users transitioned from keyboard or camera-based scanning to Socket scanners, indicating a growing market for performance-sensitive data capture solutions [8][9] Company Strategy and Development Direction - The company aims to strengthen its position as a comprehensive data capture company, with a focus on enhancing its product offerings and go-to-market strategy [4][7] - Continued investment in technology and talent is deemed essential for developing new products and better servicing development partners [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply constraints and meeting customer needs despite ongoing industry-wide electronic component shortages [10][11] - The company plans to increase outreach to institutional investors to stabilize stock prices and enhance market perception [20] Other Important Information - The company generated a record $2.1 million in cash from operations in 2021, ending the year with a cash balance of $6.1 million [13][14] - A stock repurchase program was approved by the Board of Directors, indicating confidence in the company's financial health and future prospects [15] Q&A Session Summary Question: Consideration of listing on the New York Stock Exchange - Management acknowledged market instability and the impact of retail trading platforms on stock price volatility, indicating no immediate plans for a second exchange listing but a focus on attracting institutional investors [19][20] Question: Details on the share repurchase program - The company will enter a 10b5 plan for the share repurchase program, which will be executed by brokers following a 45-day waiting period [31]