Socket Mobile(SCKT)

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Socket Mobile(SCKT) - 2021 Q3 - Quarterly Report
2021-11-12 18:21
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 September 30, 2021 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- ...
Socket Mobile(SCKT) - 2021 Q3 - Earnings Call Transcript
2021-10-22 02:51
Socket Mobile, Inc. (NASDAQ:SCKT) Q3 2021 Earnings Conference Call October 21, 2021 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO Conference Call Participants Chris Sakai - Singular Research Robert Maltbie - Singular Research William Carroll - EMPOWER Sales Operator Welcome to the Socket Mobile Q3 2021 Management Conference Call. Today we have Kevin Mills, President and CEO; and Lynn Zhao, CFO. My name is Adrian, and I'll be your operator for today's call. Before we begin, ...
Socket Mobile(SCKT) - 2021 Q2 - Quarterly Report
2021-08-13 16:50
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, 2021 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 94-31550 ...
Socket Mobile(SCKT) - 2021 Q2 - Earnings Call Transcript
2021-07-22 22:18
Financial Data and Key Metrics Changes - The company's Q2 2021 revenue was $6 million, a 119% increase compared to $2.7 million in Q2 2020, driven by business applications in the retail industry [7] - Operating income for Q2 2021 was $814,000, compared to an operating loss of $810,000 in the prior year [8] - Q2 net income was $2.6 million, which included a $1.9 million tax benefit adjustment [8] - Gross margin increased to 55% in Q2 2021 from 50% in the same period last year and 53% sequentially from Q1 2021 [14] - Adjusted EBITDA in Q2 was $1.2 million, compared to a loss of $500,000 in Q2 2020 and earnings of $570,000 in Q1 2021 [16] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by retail-centric customers, particularly Shopify and Square [9] - The company expects continued strong demand in retail and improvements in Commercial Services, Logistics, and Healthcare segments [10] Market Data and Key Metrics Changes - The company is experiencing strong demand in the NFC market, which is currently payment-centric, with expectations for significant revenue growth from NFC-centric products in 2022 and beyond [11][12] Company Strategy and Development Direction - The company is investing in NFC-centric products and aims to provide comprehensive solutions to development partners [11][12] - The management is focused on navigating supply chain challenges through supplier diversification and inventory management [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong demand for products continuing throughout 2021, despite supply chain issues [13] - The company is pleased with its progress in the first half of the year and acknowledges the hard work of its employees [18] Other Important Information - The company has achieved operating profits for five consecutive quarters [14] - The current ratio as of June 30th was 3.2%, indicating a strong balance sheet [16] - Singular Research initiated coverage of the company's stock, promoting its app-driven business model [17] Q&A Session Summary Question: Why are there no options traded on Socket Mobile's stock? - Management clarified that they are listed on NASDAQ and are not aware of the specifics regarding options trading, which is managed by market makers and consumers [23]
Socket Mobile(SCKT) - 2021 Q1 - Quarterly Report
2021-05-14 16:49
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, 2021 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 ...
Socket Mobile(SCKT) - 2021 Q1 - Earnings Call Transcript
2021-04-23 01:10
Socket Mobile, Inc. (NASDAQ:SCKT) Q1 2021 Earnings Conference Call April 22, 2021 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO Conference Call Participants Operator Welcome to the Q1, 2021 Management Conference Call. Management is on the call from Socket Mobile. Kevin Mills, President and CEO, along with Lynn Zhao, CFO. My name is Adrianne, 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 ...
Socket Mobile(SCKT) - 2020 Q4 - Annual Report
2021-03-23 18:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 (IRS Employer Identification No.) 39700 Eureka Drive, Newark, CA 94560 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, 2020 ( ) 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 spec ...
Socket Mobile(SCKT) - 2020 Q4 - Earnings Call Transcript
2021-02-25 02:05
Socket Mobile, Inc. (NASDAQ:SCKT) Q4 2020 Results Conference Call February 24, 2021 5:00 PM ET Company Participants Kevin Mills - President and CEO Lynn Zhao - CFO Operator Welcome to the Socket Mobile Fourth Quarter and Full-Year 2020 Conference Call. My name is Adrianne, 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 forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and Se ...
Socket Mobile(SCKT) - 2020 Q3 - Quarterly Report
2020-11-16 21:08
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 September 30, 2020 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- ...
Socket Mobile(SCKT) - 2020 Q3 - Earnings Call Transcript
2020-10-23 00:55
Socket Mobile, Inc. (NASDAQ:SCKT) Q3 2020 Results Conference Call October 22, 2020 5:00 PM ET Company Participants Kevin Mills - President and Chief Executive Officer Lynn Zhao - Chief Financial Officer Operator Welcome to the Socket Mobile Q3 Management Conference Call. My name is Karen. I will be your operator for today's call. Before we begin, I'd like to remind everyone that this conference call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as a ...