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]

Part I. Financial Information [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) Presents unaudited condensed financial statements, including operations, balance sheets, equity, and cash flows, highlighting a turnaround to net income [Condensed Statements of Operations](index=4&type=section&id=Condensed%20Statements%20of%20Operations) | Metric | Three Months Ended Sep 30, 2021 (USD) | Three Months Ended Sep 30, 2020 (USD) | Nine Months Ended Sep 30, 2021 (USD) | Nine Months Ended Sep 30, 2020 (USD) | | :--------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Revenues | $6,319,044 | $4,108,738 | $17,084,913 | $11,044,448 | | Gross profit | $3,422,721 | $2,273,405 | $9,251,907 | $5,858,646 | | Operating income (loss) | $953,773 | $(3,978,122) | $2,010,118 | $(4,878,831) | | Net income (loss) | $643,626 | $(4,002,786) | $3,473,635 | $(4,861,136) | | Basic Net income (loss) per share | $0.08 | $(0.62) | $0.46 | $(0.76) | | Diluted Net income (loss) per share| $0.07 | $(0.62) | $0.37 | $(0.76) | - Revenues increased by **54%** for the three months and **55%** for the nine months ended September 30, 2021, compared to the prior year periods[9](index=9&type=chunk) - The company achieved a significant turnaround from an **operating loss of $(3,978,122)** to an **operating income of $953,773** for the three months ended September 30, 2021, and from **$(4,878,831)** to **$2,010,118** for the nine months ended September 30, 2021[9](index=9&type=chunk) [Condensed Balance Sheets](index=5&type=section&id=Condensed%20Balance%20Sheets) | Asset/Liability/Equity | September 30, 2021 (Unaudited, USD) | December 31, 2020 (USD) | | :--------------------------------- | :----------------------------- | :---------------- | | Cash and cash equivalents | $5,352,738 | $2,121,763 | | Accounts receivable, net | $2,703,127 | $2,112,514 | | Inventories, net | $4,434,536 | $3,195,842 | | Total current assets | $13,244,455 | $7,935,521 | | Intangible assets, net | $1,845,785 | $0 | | Deferred tax assets | $7,116,934 | $5,506,934 | | Total assets | $23,622,640 | $15,058,488 | | Total current liabilities | $5,076,359 | $4,149,336 | | Total liabilities | $5,344,056 | $4,436,227 | | Total stockholders' equity | $18,278,584 | $10,622,261 | - Total assets increased by approximately **56.8%** from **$15.06 million** at December 31, 2020, to **$23.62 million** at September 30, 2021[11](index=11&type=chunk) - Cash and cash equivalents more than doubled, from **$2.12 million** to **$5.35 million**, indicating improved liquidity[11](index=11&type=chunk) [Condensed Statements of Stockholders' Equity](index=7&type=section&id=Condensed%20Statements%20of%20Stockholders%27%20Equity) | Item | Balance at Dec 31, 2020 (USD) | Balance at Sep 30, 2021 (USD) | | :-------------------------- | :---------------------- | :---------------------- | | Total Stockholders' Equity | $10,622,261 | $18,278,584 | | Common Stock Shares | 6,102,630 | 7,174,363 | | Additional Paid-In Capital | $61,733,522 | $65,915,139 | | Accumulated Deficit | $(51,117,364) | $(47,643,729) | - Total stockholders' equity increased by approximately **72%** from **$10.62 million** at December 31, 2020, to **$18.28 million** at September 30, 2021[15](index=15&type=chunk)[16](index=16&type=chunk) - Key contributors to the increase in equity include net income, exercise of stock options, issuance of common stock for intangible assets, and conversion of convertible notes[15](index=15&type=chunk) [Condensed Statements of Cash Flows](index=9&type=section&id=Condensed%20Statements%20of%20Cash%20Flows) | Activity | Nine Months Ended Sep 30, 2021 (USD) | Nine Months Ended Sep 30, 2020 (USD) | | :--------------------------------- | :----------------------------- | :----------------------------- | | Net income (loss) | $3,473,635 | $(4,861,136) | | Net cash provided by operating activities | $1,183,013 | $386,745 | | Net cash used in investing activities | $(562,910) | $(374,538) | | Net cash provided by financing activities | $2,610,872 | $803,778 | | Net increase in cash and cash equivalents | $3,230,975 | $815,985 | | Cash and cash equivalents at end of period | $5,352,738 | $1,774,845 | - Net cash provided by operating activities significantly increased to **$1.18 million** in the first nine months of 2021, up from **$0.39 million** in the comparable period of 2020[18](index=18&type=chunk) - Financing activities provided **$2.61 million** in cash, primarily from stock option exercises and the CalCap Loan, contributing to a substantial increase in cash and cash equivalents[18](index=18&type=chunk)[111](index=111&type=chunk) [Notes to Condensed Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Financial%20Statements) [NOTE 1 — Basis of Presentation](index=11&type=section&id=NOTE%201%20%E2%80%94%20Basis%20of%20Presentation) - The unaudited condensed financial statements are prepared in accordance with GAAP for interim financial information and Form 10-Q instructions, not including all disclosures required for complete financial statements[21](index=21&type=chunk) - The company continues to monitor the COVID-19 pandemic, acknowledging its uncertain impact on business, operating results, cash flows, liquidity, and financial condition due to factors beyond its control[22](index=22&type=chunk) [NOTE 2 — Summary of Significant Accounting Policies](index=11&type=section&id=NOTE%202%20%E2%80%94%20Summary%20of%20Significant%20Accounting%20Policies) - Revenue from sales to distributors is recognized upon product shipment and title transfer, net of estimated returns, while SocketCare extended warranty revenue is recognized ratably over the contract life[27](index=27&type=chunk)[28](index=28&type=chunk) - The company performs an annual goodwill impairment test as of September 30th, with the entire goodwill of **$4.4 million** written off as of September 30, 2020[34](index=34&type=chunk) - The company adopted ASU 2016-02 (Leases) effective January 1, 2019, recognizing right-of-use assets and lease liabilities for operating leases[30](index=30&type=chunk) [NOTE 3 — Acquisition of Intangible Assets](index=13&type=section&id=NOTE%203%20%E2%80%94%20Acquisition%20of%20Intangible%20Assets) - On February 26, 2021, Socket Mobile acquired an irrevocable, perpetual, non-exclusive, transferable, worldwide, unlimited, unrestricted, royalty-free, fully paid-up right and license to SpringCard SAS's Contactless Technology Package for its D600 and S550 products[36](index=36&type=chunk)[37](index=37&type=chunk) - The consideration for the acquisition included **184,332 shares** of the Company's common stock and a 10-year warrant to purchase up to **50,000 shares**[37](index=37&type=chunk) Estimated Future Amortization (USD) | Fiscal Year | Estimated Future Amortization | | :------------------------------------ | :---------------------------- | | 2021 (Oct 1 - Dec 31) | $31,824 | | 2022 | $127,296 | | 2023 | $127,296 | | 2024 | $127,296 | | 2025 | $127,296 | | Thereafter | $1,304,777 | | **Total** | **$1,845,785** | [NOTE 4 — Inventories](index=14&type=section&id=NOTE%204%20%E2%80%94%20Inventories) Inventory Components (USD) | Inventory Component | September 30, 2021 | December 31, 2020 | | :-------------------------- | :----------------- | :---------------- | | Raw materials and sub-assemblies | $4,880,494 | $3,642,377 | | Finished goods | $359,985 | $281,104 | | Inventory reserves | $805,943 | $727,639 | | **Inventory, net** | **$4,434,536** | **$3,195,842** | - Net inventories increased by approximately **38.7%** from **$3.20 million** at December 31, 2020, to **$4.43 million** at September 30, 2021, primarily due to an increase in raw materials and sub-assemblies[41](index=41&type=chunk) [NOTE 5 — Bank Financing Arrangements](index=14&type=section&id=NOTE%205%20%E2%80%94%20Bank%20Financing%20Arrangements) - On January 29, 2021, the company amended its financing agreement with Western Alliance Bank, increasing its Domestic Line of Credit to **$3.0 million**, comprising a **$2.0 million** revolving facility and a **$1.0 million** nonformula CalCap Loan[46](index=46&type=chunk) - The maturity date for both the Domestic Line of Credit and EXIM Line of Credit was extended to January 31, 2023[46](index=46&type=chunk) CalCap Loan Components (USD) | CalCap Loan Component | September 30, 2021 | | :---------------------------- | :----------------- | | Current portion | $500,000 | | Long-term portion | $250,000 | | **Total CalCap Loan** | **$750,000** | [NOTE 6 — Secured Subordinated Convertible Notes Payable](index=15&type=section&id=NOTE%206%20%E2%80%94%20Secured%20Subordinated%20Convertible%20Notes%20Payable) - On August 31, 2020, the company completed a **$1.53 million** secured subordinated convertible note financing, with **$1.35 million** from related parties[50](index=50&type=chunk) - The notes have a three-year term, accrue interest at **10% per annum**, mature on August 30, 2023, and are convertible into common stock at **$1.46 per share**[51](index=51&type=chunk) - During the nine months ended September 30, 2021, **$130,000** of note principal was converted into common stock[55](index=55&type=chunk) [NOTE 7 — Segment Information and Concentrations](index=17&type=section&id=NOTE%207%20%E2%80%94%20Segment%20Information%20and%20Concentrations) Revenues by Geographic Area (USD) | Geographic Area | Three Months Ended Sep 30, 2021 | Three Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :---------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Americas | $4,641,767 | $3,290,992 | $12,958,256 | $8,676,626 | | Europe | $967,752 | $567,977 | $2,621,278 | $1,383,518 | | Asia Pacific | $709,525 | $249,769 | $1,505,379 | $984,304 | | **Total revenues**| **$6,319,044** | **$4,108,738** | **$17,084,913** | **$11,044,448** | Revenues by Major Customer (Percentage) | Major Customer | Three Months Ended Sep 30, 2021 | Three Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Ingram Micro Inc.| 33% | 30% | 29% | 32% | | BlueStar, Inc. | 15% | 29% | 25% | 23% | | ScanSource, Inc. | 14% | –* | 11% | –* | - The top three suppliers accounted for **56%** of inventory purchases for the three months ended September 30, 2021, indicating a concentration of supplier risk[61](index=61&type=chunk) [NOTE 8 — Stock-Based Compensation](index=19&type=section&id=NOTE%208%20%E2%80%94%20Stock-Based%20Compensation) - Total stock-based compensation expense for the nine months ended September 30, 2021, was **$504,676**, an increase from **$392,985** in the prior year period[66](index=66&type=chunk) - The company granted **182,000 stock options** and awarded **306,425 shares** of restricted stock during the nine months ended September 30, 2021[64](index=64&type=chunk)[65](index=65&type=chunk) [NOTE 9 — Net Income (Loss) Per Share](index=19&type=section&id=NOTE%209%20%E2%80%94%20Net%20Income%20%28Loss%29%20Per%20Share) Net Income (Loss) Per Share (USD) | Metric | Three Months Ended Sep 30, 2021 | Three Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2021 | Nine Months Ended Sep 30, 2020 | | :--------------------------------- | :------------------------------ | :------------------------------ | :----------------------------- | :----------------------------- | | Basic EPS | $0.08 | $(0.62) | $0.46 | $(0.76) | | Diluted EPS | $0.07 | $(0.62) | $0.37 | $(0.76) | | Basic Weighted Average Shares | 7,162,924 (Shares) | 6,037,559 (Shares) | 6,927,837 (Shares) | 6,020,363 (Shares) | | Diluted Weighted Average Shares | 8,939,384 (Shares) | 6,037,559 (Shares) | 8,932,395 (Shares) | 6,020,363 (Shares) | - Diluted net income per share for the nine months ended September 30, 2021, was **$0.37**, a significant improvement from a diluted net loss per share of **$(0.76)** in the prior year, which included goodwill impairment charges[68](index=68&type=chunk) [NOTE 10 — Income Taxes](index=21&type=section&id=NOTE%2010%20%E2%80%94%20Income%20Taxes) - The company recorded a net income tax benefit of approximately **$1.61 million** for the first nine months of 2021, primarily due to a tax deduction from the disqualified disposition of incentive stock options[71](index=71&type=chunk) - As of September 30, 2021, the deferred tax asset, representing future income tax savings from net operating loss carryforwards, was valued at **$7.1 million**[105](index=105&type=chunk) [NOTE 11 — Commitments and Contingencies](index=21&type=section&id=NOTE%2011%20%E2%80%94%20Commitments%20and%20Contingencies) - The company leases office space in Newark, California, under a non-cancelable operating lease expiring on June 30, 2022[73](index=73&type=chunk) Annual Minimum Payments (USD) | Annual Minimum Payments | Amount | | :---------------------------- | :----- | | 2021 (Oct 1 - Dec 31) | $131,395 | | 2022 (through June 30) | $262,789 | | **Total minimum payments** | **$394,184** | - As of September 30, 2021, the company had non-cancelable purchase commitments for inventory totaling approximately **$9.7 million**[78](index=78&type=chunk) [NOTE 12 — Subsequent Events](index=23&type=section&id=NOTE%2012%20%E2%80%94%20Subsequent%20Events) - Subsequent to September 30, 2021, the company granted **5,687 shares** of restricted stock and issued **4,692 shares** of common stock upon the exercise of stock options[82](index=82&type=chunk)[83](index=83&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, condition, and results, highlighting revenue growth, expense changes, liquidity, and critical accounting estimates [The Company and its Products](index=24&type=section&id=The%20Company%20and%20its%20Products) - Socket Mobile is a leading innovator in data capture and delivery solutions, primarily offering cordless barcode scanning and RFID/NFC devices for mobile applications in various sectors like POS, field services, and logistics[87](index=87&type=chunk) - The product portfolio includes Companion SocketScan, DuraScan, Attachable (DuraSled, SocketScan 800 Series), and Contactless RFID/NFC reader/writer (D600, S550) families, all supported by a comprehensive Software Developer Kit (Capture SDK)[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk)[93](index=93&type=chunk) - The company distributes its products worldwide through a two-tier distribution model, leveraging application developers and resellers, and anticipates continued demand growth due to advancements in mobile technologies and business adoption of mobile applications[95](index=95&type=chunk) [Results of Operations](index=26&type=section&id=Results%20of%20Operations) - Total revenues increased by **54%** for the three months and **55%** for the nine months ended September 30, 2021, driven by the distribution channel and large customer deployments, particularly in retail as the economy re-opened[96](index=96&type=chunk) - Gross profit margins were **54.2%** for both the three and nine months ended September 30, 2021, with the three-month margin decrease due to higher component and shipping costs, and the nine-month improvement attributed to higher revenues and fixed manufacturing overhead absorption[97](index=97&type=chunk) - Research and development expenses increased by **49%** (three months) and **21%** (nine months) due to higher personnel expenses, incentive-based compensation, amortization of newly acquired intangible assets, and increased contractor fees[98](index=98&type=chunk)[100](index=100&type=chunk) - Sales and marketing expenses rose by **20%** (three months) and **2%** (nine months), primarily due to the development of a new Return Merchandise Authorization portal, additional employee hires, and increased fees for website development and upgrades[101](index=101&type=chunk) - General and administrative expenses increased by **37%** (three months) and **23%** (nine months) due to the cessation of short-term cost reduction initiatives from 2020, higher employee incentive-based compensation, increased professional fees for a shelf registration statement, and higher proxy distribution and insurance costs[102](index=102&type=chunk) - Interest expense, net, increased to approximately **$50,000** (three months) and **$150,000** (nine months) in 2021, primarily related to secured subordinated convertible notes payable and the CalCap Loan[103](index=103&type=chunk) - The company recorded a **$1.6 million** income tax benefit for the nine months ended September 30, 2021, mainly from a tax deduction related to the disqualified disposition of incentive stock options[105](index=105&type=chunk) [Liquidity and Capital Resources](index=28&type=section&id=Liquidity%20and%20Capital%20Resources) - Net cash provided by operating activities increased to approximately **$1.18 million** in the first nine months of 2021, compared to **$387,000** in the prior year, driven by net income and non-cash adjustments[107](index=107&type=chunk) - Changes in operating assets and liabilities resulted in a net cash use of approximately **$1.7 million** in 2021, primarily due to increased inventory levels to manage supply chain disruptions, higher accounts receivable from increased shipments, and increased prepaid expenses[108](index=108&type=chunk) - Net cash provided by financing activities was approximately **$2.6 million** in the first nine months of 2021, mainly from **$1.86 million** in proceeds from employee stock option exercises and a net borrowing of **$750,000** on the CalCap Loan[111](index=111&type=chunk) [Critical Accounting Estimates](index=29&type=section&id=Critical%20Accounting%20Estimates) - Critical accounting policies requiring significant estimates and judgments include Revenue Recognition and Accounts Receivable Reserves, Inventory Valuation, Stock-Based Compensation, Income Taxes, and Valuation of Goodwill[112](index=112&type=chunk) [Contractual Obligations](index=29&type=section&id=Contractual%20Obligations) Contractual Obligations (USD) | Contractual Obligations | Total | Less than 1 year | 1 to 3 years | 4 to 5 years | More than 5 years | | :---------------------------- | :------------- | :--------------- | :----------- | :----------- | :---------------- | | Unconditional purchase obligations with contract manufacturers | $9,697,000 | $9,619,000 | $78,000 | $0 | $0 | | Operating lease | $394,000 | $394,000 | $0 | $0 | $0 | | **Total contractual obligations** | **$10,091,000**| **$10,013,000** | **$78,000** | **$0** | **$0** | [Off-Balance Sheet Arrangements](index=30&type=section&id=Off-Balance%20Sheet%20Arrangements) - As of September 30, 2021, the company had no off-balance sheet arrangements as defined in Item 303 of Regulation S-K[115](index=115&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=31&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) Details the company's exposure to market risks, specifically interest rate risk on bank loans and foreign currency risk on European receivables [Interest Rate Risk](index=31&type=section&id=Interest%20Rate%20Risk) - The company's exposure to interest rate risk primarily relates to its bank term loan and credit line facilities, which have variable interest rates based on the lender's prime rate[117](index=117&type=chunk) - Increases in interest rates could lead to higher interest expense on outstanding term loan and credit line balances[117](index=117&type=chunk) [Foreign Currency Risk](index=31&type=section&id=Foreign%20Currency%20Risk) - The company hedges a significant portion of its European receivables denominated in Euros to reduce foreign currency risk[118](index=118&type=chunk) - A **10%** adverse change in exchange rates would have resulted in an approximate **$49,000** decrease in net income for the third quarter of 2021 if left unprotected[118](index=118&type=chunk) - The total net adjustment for foreign currency effects on cash balances, collections, payables, and derivatives was approximately **$(15,000)** for the third quarter of 2021[118](index=118&type=chunk) [Item 4. Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) Confirms the effectiveness of disclosure controls and procedures as of September 30, 2021, with no material changes in internal control over financial reporting [Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures](index=32&type=section&id=Conclusion%20Regarding%20the%20Effectiveness%20of%20Disclosure%20Controls%20and%20Procedures) - Management, with the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of September 30, 2021[120](index=120&type=chunk) - These controls ensure that required information is recorded, processed, summarized, and reported within specified time periods and communicated to management for timely disclosure decisions[120](index=120&type=chunk) [Changes in Internal Control Over Financial Reporting](index=32&type=section&id=Changes%20in%20Internal%20Control%20Over%20Financial%20Reporting) - There were no changes in internal control over financial reporting during the quarter ended September 30, 2021, that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[121](index=121&type=chunk) Part II. Other Information [Item 1A. Risk Factors](index=33&type=section&id=Item%201A.%20Risk%20Factors) Outlines various risks and uncertainties, including COVID-19 impacts, operational challenges, profitability, capital needs, supply chain, competition, and intellectual property [COVID-19 Pandemic and Economic Conditions](index=33&type=section&id=COVID-19%20Pandemic%20and%20Economic%20Conditions) - The ongoing COVID-19 pandemic, including new variants, poses significant uncertainty regarding its extent and duration, potentially causing reductions or volatility in product demand, disruptions in manufacturing, and failures of third-party partners[125](index=125&type=chunk)[126](index=126&type=chunk) - A deterioration in global economic conditions could negatively impact the business and financial condition, limiting the ability to raise additional funds and affecting results of operations, financial position, and cash flows[127](index=127&type=chunk) [Profitability and Capital Needs](index=34&type=section&id=Profitability%20and%20Capital%20Needs) - The company may not maintain ongoing profitability due to challenges in achieving continued business growth, supporting registered developers, and developing successful new products[128](index=128&type=chunk) - Additional capital may be required in the future to fund growth or operating losses, but such capital may not be available on reasonable terms or without substantial dilution to investors' stock holdings[129](index=129&type=chunk) [Dependency on Application Developers](index=34&type=section&id=Dependency%20on%20Application%20Developers) - The company's sales projections are dependent on application developers successfully integrating, marketing, and selling their applications that incorporate Socket Mobile's products[130](index=130&type=chunk) - Delays in application development, competing applications, or unsuccessful marketing by developers could adversely affect revenue[130](index=130&type=chunk) [Internal Controls and Security](index=35&type=section&id=Internal%20Controls%20and%20Security) - Failure to maintain effective internal controls could materially harm the business, operating results, and stock price, potentially leading to unreliable financial reports or fraud[131](index=131&type=chunk) - Despite security protections, business records and information could be vulnerable to unauthorized access or hacking, which could bypass existing controls and procedures[132](index=132&type=chunk) [Operational and Market Fluctuations](index=35&type=section&id=Operational%20and%20Market%20Fluctuations) - Quarterly operating results are expected to fluctuate due to factors such as demand for products, timing of customer orders, delays in new product introductions, competitive pressures, and general economic conditions[133](index=133&type=chunk)[134](index=134&type=chunk)[139](index=139&type=chunk) - Unanticipated declines or delays in orders can cause significant variations in operating results, potentially leading to a decline in the common stock price[136](index=136&type=chunk) [Compliance with Bank Covenants and Deferred Tax Assets](index=36&type=section&id=Compliance%20with%20Bank%20Covenants%20and%20Deferred%20Tax%20Assets) - Maintaining bank lines of credit requires compliance with specified covenants, and the bank retains discretion in making advances, with potential for immediate repayment upon an event of default[137](index=137&type=chunk) - The realization of deferred tax assets, which comprise a significant portion of assets, is dependent on future tax profitability; failure to achieve this could result in recognizing a loss for these assets[138](index=138&type=chunk) [Supply Chain and Product Development](index=37&type=section&id=Supply%20Chain%20and%20Product%20Development) - Dependency on a limited number of qualified suppliers for component parts creates a risk of shortages or delays, which could disrupt manufacturing and materially affect financial results[140](index=140&type=chunk) - Failure to rapidly and successfully develop and introduce new products that incorporate the latest technologies and conform to evolving industry standards would hinder competitive effectiveness and revenue generation[141](index=141&type=chunk)[142](index=142&type=chunk) [Customer Receivables and Competition](index=37&type=section&id=Customer%20Receivables%20and%20Competition) - The company faces risks in collecting receivables from customers, primarily distributors, who may experience financial difficulties, potentially leading to increased uncollectible accounts[143](index=143&type=chunk) - Increased competition, including from competitors with greater resources and products with built-in functions, could result in price reductions, fewer orders, reduced margins, and loss of market share[144](index=144&type=chunk)[147](index=147&type=chunk) - Inaccurate forecasting of product demand could lead to excess inventory and write-offs if demand is lower, or higher costs and declining yields if production must rapidly increase to meet unexpected demand[145](index=145&type=chunk)[146](index=146&type=chunk) [Distribution Channels and Strategic Alliances](index=39&type=section&id=Distribution%20Channels%20and%20Strategic%20Alliances) - Reliance on distributors for product distribution exposes the company to risks such as inventory build-up, product returns, and price protection, which can adversely affect operating results and working capital[148](index=148&type=chunk)[150](index=150&type=chunk) - The company's sales growth is contingent on maintaining existing and establishing new distribution relationships, as current agreements are generally nonexclusive and terminable on short notice[149](index=149&type=chunk) - Disruptions in strategic alliances with third parties, particularly those providing operating systems for mobile devices (Apple, Google, Microsoft), could hinder product development and sales, as these collaborations are not guaranteed[151](index=151&type=chunk)[152](index=152&type=chunk) [Intellectual Property and Industry Standards](index=40&type=section&id=Intellectual%20Property%20and%20Industry%20Standards) - The company's competitive position relies on intellectual property protection (patents, copyrights, trademarks, trade secrets), but these measures may not provide meaningful protection against unauthorized use or independent development by competitors[153](index=153&type=chunk)[154](index=154&type=chunk)[155](index=155&type=chunk) - The company may face claims of intellectual property infringement, which could result in substantial liability, costly litigation, and disruption to business operations[156](index=156&type=chunk)[158](index=158&type=chunk) - New industry standards may necessitate product redesigns, requiring significant time and resources, and failure to comply could render products incompatible and affect sales opportunities[160](index=160&type=chunk) [Personnel and Export Sales Risks](index=41&type=section&id=Personnel%20and%20Export%20Sales%20Risks) - The loss of senior personnel could harm existing business operations, as the company's future success depends on their continued service and the ability to attract and retain highly skilled sales, marketing, and product development personnel[162](index=162&type=chunk)[165](index=165&type=chunk) - The expensing of stock options and restricted stocks adversely affects net income and EPS, potentially requiring changes in compensation practices to attract and retain employees[164](index=164&type=chunk) - Export sales are subject to various risks, including longer payment cycles, unexpected regulatory changes, difficulties in managing foreign operations, adverse tax consequences, and political/economic instability[166](index=166&type=chunk) [External Events and Stock Volatility](index=43&type=section&id=External%20Events%20and%20Stock%20Volatility) - Facilities and operations could be adversely affected by events outside the company's control, such as natural disasters (e.g., earthquakes in Northern California) or health epidemics[167](index=167&type=chunk) - The sale of a substantial number of common stock shares, including those from outstanding options and restricted stock, could cause the market price of the common stock to decline[168](index=168&type=chunk)[169](index=169&type=chunk)[170](index=170&type=chunk) - The trading price of the common stock is subject to wide fluctuations due to general economic conditions, investor outlook, and low trading volumes, which can be unrelated to operating performance[171](index=171&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) Reports no unregistered sales of equity securities or use of proceeds for the period - No unregistered sales of equity securities or use of proceeds were reported[172](index=172&type=chunk) [Item 6. Exhibits](index=36&type=section&id=Item%206.%20Exhibits) Lists exhibits filed with the Quarterly Report on Form 10-Q, including CEO and CFO certifications and the XBRL Document Exhibits Filed | Exhibit Number | Exhibit Description | | :------------- | :------------------------------------------------------------------------------- | | 31.1 | Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | | 31.2 | Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | | 32.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | | 101 | XBRL Document | [Signatures](index=37&type=section&id=Signatures) Contains duly authorized signatures of Socket Mobile, Inc.'s CEO and CFO, certifying the report filing on November 12, 2021 - The report was signed on November 12, 2021, by Kevin J. Mills, President and Chief Executive Officer, and Lynn Zhao, Vice President of Finance and Administration and Chief Financial Officer[177](index=177&type=chunk)

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, ...

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 ...

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]

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 ...

Financial Data and Key Metrics Changes - The company's Q1 2021 revenue was $4.8 million, representing a 14% increase from $4.2 million in Q1 2020 [6] - Net income for Q1 2021 was $203,000, or $0.03 per fully diluted share, compared to a net loss of $90,000, or a loss of $0.01 per fully diluted share in Q1 2020 [6] - Gross profit margin increased to 53.5%, up 2.8% from the first quarter of 2020 [13] Business Line Data and Key Metrics Changes - Revenue growth was driven by retail-centric customers, particularly Shopify and Square, benefiting from the easing of COVID restrictions [6] - There is a growing demand for mobile systems that support both indoor and outdoor operations, especially in hospitality [7] - The commercial services segment is expected to continue strong growth throughout the year [7] Market Data and Key Metrics Changes - The company is experiencing significant demand for contactless readers, particularly in the context of COVID health passports [10] - The S550 contactless reader has been successfully used in several COVID bubble trials, indicating its effectiveness [11] Company Strategy and Development Direction - The company entered into a technology transfer agreement with SpringCard SAS to acquire a perpetual royalty-free license for core technology in contactless products [10] - The focus is on completing development tools to support scanners and contactless readers, aiming to integrate these into partner solutions [11] - The company is working to mitigate supply chain issues that could impact product delivery [8][9] Management's Comments on Operating Environment and Future Outlook - Management expects strong demand for products as the world reopens, despite ongoing supply chain challenges [12] - The company is confident in having sufficient supply commitments for Q2 and is actively working to address potential issues for Q3 and Q4 [9] Other Important Information - The cash balance as of March 31 was $5 million, up from $2.8 million on December 31, 2020, attributed to profitable operations and other financial activities [13] - The acquisition of SpringCard technology is reported as an intangible asset valued at $1.9 million [14] - The company renewed its credit facilities, increasing the domestic line of credit to $3 million [14] Q&A Session Summary - There were no questions from participants during the Q&A session [17]

Part I [Business](index=4&type=section&id=Item%201.%20Business) Socket Mobile, Inc. develops Bluetooth-connected barcode scanners and RFID/NFC readers, integrating them into mobile applications for diverse sectors - The company's primary products are **cordless data capture devices** (barcode scanners, RFID/NFC readers) connecting via Bluetooth to mobile devices[17](index=17&type=chunk) Key Product Families | Product Family | Description | Models | | :--- | :--- | :--- | | **Companion SocketScan** | Ergonomic, independent scanners available in multiple colors | S700, S730, S740, S760 | | **Companion DuraScan** | Durable, IP54-rated scanners for tougher environments, including medical-grade options | D700, D730, D740, D745, D750, D755, D760 | | **Attachable Scanners** | Scanners that attach to mobile devices to create a one-handed solution | DuraSled, SocketScan 800 Series (S800, S840, S860) | | **Contactless RFID/NFC** | Handheld and membership card reader/writers for tap-and-go applications | D600, S550 | - The business strategy relies on a **registered developer program** and **Capture SDK** for easy integration into third-party mobile applications[17](index=17&type=chunk)[32](index=32&type=chunk) - Products are manufactured by **third-party contractors** globally, with final assembly and distribution in Newark, CA[24](index=24&type=chunk)[30](index=30&type=chunk) - In 2020, **cost-containment measures** were implemented due to COVID-19, including hiring freezes and reduced spending[14](index=14&type=chunk) - Total employee headcount **decreased from 56 to 48** from 2019 to 2020[30](index=30&type=chunk)[47](index=47&type=chunk) [Risk Factors](index=11&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from the COVID-19 pandemic, profitability challenges, capital needs, and dependence on application developers - The **COVID-19 pandemic** poses significant risks, including demand volatility and supply chain disruptions[49](index=49&type=chunk)[51](index=51&type=chunk) - Dependence on **application developers** for product integration and sales poses a risk to revenue projections[54](index=54&type=chunk) - A **limited number of distributors** account for a significant portion of revenue, with Ingram Micro and BlueStar representing **54% in 2020**[65](index=65&type=chunk) - Competition from **larger firms** and devices with **built-in scanning functions** presents a challenge[68](index=68&type=chunk)[72](index=72&type=chunk) - Reliance on a **limited number of component suppliers** creates risk of shortages or delays impacting financial results[62](index=62&type=chunk) - The market's **rapidly changing technology** and **short product life cycles** necessitate timely new product introductions[63](index=63&type=chunk) [Unresolved Staff Comments](index=21&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments - None[97](index=97&type=chunk) [Properties](index=21&type=section&id=Item%202.%20Properties) The company leases a 37,100 square-foot facility in Newark, California, serving as its headquarters - The company leases a **37,100 square-foot facility** in Newark, California, with the lease expiring in June 2022[98](index=98&type=chunk) [Legal Proceedings](index=21&type=section&id=Item%203.%20Legal%20Proceedings) The company is not currently a party to any material legal proceedings - The company is **not currently a party to any material legal proceedings**[99](index=99&type=chunk) [Mine Safety Disclosures](index=21&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[100](index=100&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=22&type=section&id=Item%205.%20Market%20for%20Registrant%27s%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on NASDAQ under 'SCKT,' with approximately 15,000 beneficial stockholders, and no dividends are anticipated - The company's common stock trades on **NASDAQ** under the symbol **"SCKT"**[103](index=103&type=chunk) - As of March 19, 2021, there were approximately **15,000 beneficial stockholders**[103](index=103&type=chunk) - The company has **not paid dividends** and does not anticipate paying them in the foreseeable future[103](index=103&type=chunk) [Selected Financial Data](index=24&type=section&id=Item%206.%20Selected%20Financial%20Data) This section summarizes five years of key financial data, showing 2020 revenues of $15.7 million and a net loss of $3.3 million Selected Financial Data (2016-2020) | (Amounts in thousands except per share) | 2018 | 2019 | 2020 | | :--- | :--- | :--- | :--- | | **Revenues** | $16,454 | $19,253 | $15,700 | | **Gross profit** | $8,456 | $10,101 | $8,335 | | **Operating expenses** | $9,042 | $9,494 | $12,686* | | **Net income (loss)** | $(571) | $287 | $(3,279) | | **Basic EPS** | $(0.09) | $0.05 | $(0.51) | | **Diluted EPS** | $(0.09) | $0.05 | $(0.51) | | **Total assets** | $18,597 | $19,458 | $15,059 | | **Total stockholders' equity** | $12,405 | $13,234 | $10,623 | *Included a $4.4 million goodwill impairment charge [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=25&type=section&id=Item%207.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) In 2020, revenue decreased to $15.7 million, resulting in a $3.3 million net loss primarily from a goodwill impairment, while liquidity improved [Results of Operations](index=28&type=section&id=Results%20of%20Operations%20for%20Years%20Ended%20December%2031%2C%202020%20and%202019) Revenue decreased 19% to $15.7 million in 2020, leading to a $3.3 million net loss primarily due to a $4.4 million goodwill impairment Comparison of Operations (2020 vs. 2019) | (Amounts in millions) | 2020 | 2019 | % Change | | :--- | :--- | :--- | :--- | | **Revenues** | $15.7 | $19.3 | -19% | | **Gross Profit** | $8.3 | $10.1 | -18% | | **Gross Margin** | 53.1% | 52.5% | +0.6 p.p. | | **R&D Expense** | $3.1 | $3.9 | -19% | | **Sales & Marketing Expense** | $2.8 | $3.0 | -6% | | **General & Admin Expense** | $2.3 | $2.6 | -12% | | **Goodwill Impairment** | $4.4 | $0.0 | N/A | | **Net Income (Loss)** | ($3.3) | $0.3 | N/A | - Operating expense reductions across R&D, Sales & Marketing, and G&A were due to **employee compensation cuts** from COVID-19 cost-saving initiatives[127](index=127&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk) - A **$4.47 million goodwill impairment charge** in 2020 was the primary driver of the net loss[134](index=134&type=chunk) [Liquidity and Capital Resources](index=25&type=section&id=Liquidity%20and%20Capital%20Resources) The company strengthened its financial position, ending 2020 with **$2.1 million cash** and an **undrawn $2.5 million credit facility** to fund operations - As of December 31, 2020, the company held approximately **$2.1 million in cash**[109](index=109&type=chunk) - A **$2.5 million revolving credit facility**, maturing January 31, 2023, was undrawn at year-end 2020[109](index=109&type=chunk) [Cash Flows and Contractual Obligations](index=31&type=section&id=Cash%20Flows%20and%20Contractual%20Obligations) In 2020, operating activities provided $0.80 million cash, while financing activities provided $0.89 million, resulting in total contractual obligations of $7.0 million Summary of Cash Flows (2020 vs. 2019) | (Amounts in millions) | 2020 | 2019 | | :--- | :--- | :--- | | Net cash provided by operating activities | $0.80 | $0.87 | | Net cash used in investing activities | ($0.5) | ($0.6) | | Net cash provided by (used in) financing activities | $0.89 | ($0.40) | Contractual Obligations as of Dec 31, 2020 | Contractual Obligations | Total | Due within 1 year | | :--- | :--- | :--- | | Unconditional purchase obligations | $6,256,000 | $6,256,000 | | Operating leases | $779,000 | $516,000 | | **Total** | **$7,035,000** | **$6,772,000** | [Quantitative and Qualitative Disclosures about Market Risk](index=32&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risks are interest rate risk from variable-rate debt and foreign currency risk from Euro and British pound sales - **Interest rate risk** stems from variable-rate bank term loans and credit line facilities[145](index=145&type=chunk) - **Foreign currency risk** arises from Euro and British pound sales to European distributors, with Euro receivables partially hedged[146](index=146&type=chunk) [Financial Statements and Supplementary Data](index=32&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents audited financial statements for 2020 and 2019, including balance sheets, statements of operations, cash flows, and detailed notes [Financial Statements](index=36&type=section&id=Financial%20Statements) Audited financial statements show total assets decreased to $15.1 million in 2020 due to a goodwill impairment, resulting in a $3.3 million net loss Balance Sheet Highlights (As of Dec 31) | (Amounts in thousands) | 2020 | 2019 | | :--- | :--- | :--- | | Cash and cash equivalents | $2,122 | $959 | | Total current assets | $7,936 | $7,521 | | Goodwill | $0 | $4,427 | | Total assets | $15,058 | $19,458 | | Total current liabilities | $4,149 | $5,468 | | Total liabilities | $4,436 | $6,224 | | Total stockholders' equity | $10,622 | $13,234 | Statement of Operations Highlights (Year Ended Dec 31) | (Amounts in thousands) | 2020 | 2019 | | :--- | :--- | :--- | | Revenues | $15,700 | $19,253 | | Gross profit | $8,335 | $10,101 | | Total operating expenses | $12,685 | $9,494 | | Net income (loss) | $(3,279) | $287 | | Basic EPS | $(0.51) | $0.05 | [Notes to Financial Statements](index=41&type=section&id=Notes%20to%20Financial%20Statements) Notes detail a $4.4 million goodwill impairment, revenue concentration with two major customers, PPP loan forgiveness, and new convertible note financing - A **$4.427 million non-cash goodwill impairment charge** was recorded in 2020 due to a stock price drop[193](index=193&type=chunk) - **Revenue concentration** remains, with Ingram Micro and BlueStar accounting for **31% and 23%** of 2020 revenues, respectively[222](index=222&type=chunk) - A **$1.0587 million PPP loan** received in April 2020 was **fully forgiven** in December 2020, recorded as debt extinguishment income[234](index=234&type=chunk) - In August 2020, the company raised **$1.53 million** through **secured subordinated convertible notes** with a 10% annual interest rate[238](index=238&type=chunk)[239](index=239&type=chunk) - Post-year-end, a **technology license from SpringCard SAS** was acquired for **184,332 shares of common stock** (valued at $2 million) and a warrant[279](index=279&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=60&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) This item is not applicable as there were no changes or disagreements with accountants - Not Applicable[282](index=282&type=chunk) [Controls and Procedures](index=60&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2020 - Management concluded that **disclosure controls and procedures were effective** as of the report period end[283](index=283&type=chunk) - Internal control over financial reporting was deemed **effective** as of December 31, 2020, based on the COSO framework assessment[286](index=286&type=chunk) [Other Information](index=61&type=section&id=Item%209B.%20Other%20Information) There is no other information to report for this item - None[289](index=289&type=chunk) Part III [Directors, Executive Officers, Corporate Governance, Executive Compensation, and Other Matters](index=62&type=section&id=Item%2010-14) Information for Items 10 through 14 is incorporated by reference from the company's Proxy Statement for the May 26, 2021 annual meeting - Information for Items 10-14 is **incorporated by reference** from the Proxy Statement for the May 13, 2021 Annual Meeting[8](index=8&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=63&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all financial statements and an index to exhibits filed with or incorporated by reference into the Form 10-K - This section includes **financial statements** and an **index to all exhibits** filed with or incorporated into the Form 10-K[301](index=301&type=chunk)[304](index=304&type=chunk)

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 ...

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- ...