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SCKT

2.13USD+0.12(+5.97%)Delayed

Socket Mobile Inc

Market Summary

USD2.13+0.12Delayed
5.97%

SCKT Stock Price

RSI Chart

Valuation

Market Cap

14.1M

Price/Earnings

6.75

Price/Sales

0.57

Price/Cashflow

6.13

Price/Sales

Profitability

Operating Margin

51.55%

Return on Equity

10.13%

Return on Assets

6.74%

Fundamentals

Revenue

Revenue (TTM)

22.2M

Revenue Y/Y

-41.01%

Revenue Q/Q

-38.34%

Earnings

Earnings (TTM)

564.5K

Earnings Y/Y

-235.8%

Earnings Q/Q

-940.75%

Price Action

52 Week Range

5.25
(Low)(High)

Last 7 days

5.5%

Last 30 days

14.5%

Last 90 days

-22.5%

Trailing 12 Months

-59.0%

Financial Health

Current Ratio

2.33

Investor Care

Buy Backs (1Y)

0.06%

Diluted EPS (TTM)

0.05

Peers (Alternatives to Socket Mobile)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
394.3B
2.09% -9.22%
23.61
5.98
7.79% 5.41%
28.2B
64.9B
9.86% -19.65%
4.48
0.44
4.49% 54.81%
15.1B
6.5B
-3.54% -24.31%
15.9
2.34
8.27% 56.58%
11.2B
17.5B
2.52% -37.75%
7.44
0.59
-3.17% -38.50%
10.6B
10.6B
7.03% -48.38%
9.22
1
-7.85% -28.76%
10.0B
5.2B
9.13% 6.65%
23.62
1.94
10.61% 181.21%
MID-CAP
9.1B
2.5B
-4.33% -6.30%
-633.08
3.59
39.26% 94.37%
3.6B
6.0B
7.25% 102.38%
12.61
0.69
57.15% 301.21%
2.9B
7.9B
16.45% -41.86%
34.88
0.37
16.53% 179.55%
2.2B
6.9B
13.40% -11.39%
-3.47
0.32
-3.45% -476.43%
SMALL-CAP
1.2B
556.2M
20.47% -53.89%
5.13
2.01
-12.75% -133.51%
185.0M
3.6B
-7.56% -74.76%
-0.44
0.05
-10.12% -412.98%
139.6M
386.8M
-5.22% -77.95%
-3.64
0.37
3.76% -22.37%
65.7M
71.9M
-8.03% -38.69%
43.87
0.95
23.75% -78.12%
14.1M
22.2M
14.52% -59.04%
6.75
0.57
2.03% -88.84%

Financials for Socket Mobile

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-10.5%2225252322
Cost Of Revenue-6.9%1112121110
Gross Profit-13.8%1113131212
Operating Expenses1.3%111010109
  S&GA Expenses2.2%43333
  R&D Expenses1.9%44444
Net Income-72.9%12545
Balance Sheet
(In Thousands)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-9.3%25,57528,19730,89125,89325,575
  Current Assets10.8%14,38112,98215,86014,72414,381
    Cash Equivalents43.9%6,0964,2375,5885,4236,096
  Inventory-16.2%5,1556,1505,8885,2145,155
  Net PPE-30.2%1,0691,5321,3201,0451,069
Liabilities-35.0%5,5298,50110,3355,3575,529
  Current Liabilities-20.8%5,3896,8045,3365,389-
Shareholder's Equity1.8%20,04619,69620,55620,53620,046
  Retained Earnings0.9%-46,100.35-46,528.49-45,654.46-45,758.42-46,100.35
  Additional Paid-In Capital-1.1%66,14066,87166,58166,28766,140
Accumulated Depreciation-10.9%3,2783,6803,5423,3923,278
Shares Outstanding-0.9%7,1377,2027,2737,184-
* denotes actual numbers (not divided by Thousands)
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-59.4%9312,2931,4012,1441,601
  Share Based Compensation9.0%924848768693619
Cashflow From Investing-9.7%-1,039.46-947.24-663.31-691.77-724.85
Cashflow From Financing-48.7%-1,007.01-677.17-275.502,5222,702
  Buy Backs-73.8%-866.09-498.453-721*
* denotes actual numbers (not divided by Thousands)

Risks

What is the probability of a big loss on SCKT?

100%


Probability that Socket Mobile stock will be more than 20% underwater in next one year

96.2%


Probability that Socket Mobile stock will be more than 30% underwater in next one year.

73.8%


Probability that Socket Mobile stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SCKT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Socket Mobile was unfortunately bought at previous high price.

Returns

Cumulative Returns on SCKT

7.3%


10-Year Cumulative Returns

-9.5%


5-Year Cumulative Returns

10.5%


3-Year Cumulative Returns

What are the long-term rolling returns for SCKT?

FIve years rolling returns for Socket Mobile.

Which funds bought or sold SCKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
STATE STREET CORP
UNCHANGED
-
-22,000
50,000
-%
2022-11-14
VANGUARD GROUP INC
-
-
-120,000
269,000
-%
2022-11-14
RENAISSANCE TECHNOLOGIES LLC
-
-
-3,000
38,000
-%
2022-11-14
GEODE CAPITAL MANAGEMENT, LLC
-
-
-38,000
88,000
-%
2022-11-14
BlackRock Inc.
-
-
-
1,000
-%
2022-11-14
ADVISOR GROUP HOLDINGS, INC.
UNCHANGED
-
-
1,000
-%
2022-11-14
Geneos Wealth Management Inc.
UNCHANGED
-
-
2,000
-%
2022-11-14
WELLS FARGO & COMPANY/MN
REDUCED
-2.56
-
-
-%
2022-11-14
MORGAN STANLEY
ADDED
8.33
-36,000
113,000
-%

1–10 of 18

Latest Funds Activity

Are funds buying SCKT calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own SCKT

Socket Mobile News

GuruFocus.com

Socket Mobile, Inc. to Partici.6 days ago

SCKT Fair Value

Socket Mobile fair value in different scenarios

The table shows the Fair Value estimates for Socket Mobile for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

2.28

7.04%

2.90

36.15%

4.00

87.79%

5.95

179.34%

9.11

327.70%

Current Inflation

2.20

3.29%

2.78

30.52%

3.69

73.24%

5.38

152.58%

8.09

279.81%

Very High Inflation

2.10

-1.41%

2.62

23.00%

3.32

55.87%

4.70

120.66%

6.90

223.94%

Historical Socket Mobile Fair Value Estimates


Recent SEC filings of Socket Mobile

View All Filings
Date Filed Form Type Document
Nov 17, 2022
8-K
Current Report
Nov 14, 2022
10-Q
Quarterly Report
Nov 07, 2022
4
Insider Trading
Oct 27, 2022
8-K
Current Report

Latest Insider Trading transactions for SCKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-04
BASS CHARLIE
ACQUIRED
37,800
1.08
35,000
-
2022-07-29
BASS CHARLIE
ACQUIRED
21,600
1.08
20,000
-
2022-05-03
MILLS KEVIN J
ACQUIRED
-
-
30,000
Chief Executive Officer
2022-05-03
Zhao Lynn
ACQUIRED
-
-
20,000
Chief Financial Officer
2022-05-03
Holmes David A.
ACQUIRED
-
-
20,000
Chief Business Officer
2022-05-03
OTT LEONARD L
ACQUIRED
-
-
20,000
EVP of Engineering & CTO
2022-04-22
BASS CHARLIE
ACQUIRED
22,200
2.22
10,000
-
2022-03-01
Zhao Lynn
SOLD (Taxes)
-3,800.31
3.93
-967
Chief Financial Officer
2022-03-01
OTT LEONARD L
SOLD (Taxes)
-3,800.31
3.93
-967
EVP of Engineering and CTO
2022-02-25
BASS CHARLIE
BOUGHT
281.408
3.6078
78
-

1–10 of 50

Kevin J. Mills
50
Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are incorporated into mobile applications used in point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education. It provides cordless data capture devices that connect over Bluetooth and work with applications running on smartphones, mobile computers, and tablets; and software developer kits to application developers to enable them to provide their users with its advanced barcode scanning features. The company's cordless data capture devices include DuraScan 700 series, including D700 1D linear imaging scanner; D730 1D laser barcode scanner; D740, D745, D750, D755, and D760 universal barcode scanners that reads all common 1D, stacked, 2D, and postal codes; and SocketScan 800 series cordless barcode scanners, including S800, a 1D linear imaging scanner, and S840 and S860 2D scanner that are attachable to smartphones, tablets, and other mobile devices. It also provides D600 contactless RFID/Near Field Communications reader writer that can read and write various types of electronic SmartTags or transfer data with near field communication; and S550, a contactless membership card reader/writer. The company offers SocketCare services program, which provides extended warranty and accidental breakage coverage for various products. It serves retail, commercial, industrial and manufacturing, transportation and logistics, healthcare, government, travel and hospitality, education, and agriculture and farming industries through a network of distributors, online resellers, and application providers, as well as online stores. The company was formerly known as Socket Communications, Inc. and changed its name to Socket Mobile, Inc. in April 2008. Socket Mobile, Inc. was incorporated in 1992 and is headquartered in Newark, California.

SCKT Income Statement

2022-09-30
Condensed Statements of Operations - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues$ 3,727,871$ 6,319,044$ 16,066,855$ 17,084,913
Cost of revenues2,073,0122,896,3238,248,6527,833,006
Gross profit1,654,8593,422,7217,818,2039,251,907
Operating expenses:    
   Research and development1,096,4001,014,1753,271,1222,917,501
   Sales and marketing864,702787,8892,729,0162,182,377
   General and administrative641,184666,8842,112,5042,141,911
      Total operating expenses2,602,2862,468,9488,112,6427,241,789
Operating income (loss)(947,427)953,773(294,439)2,010,118
Interest expense, net(43,092)(50,147)(133,703)(150,276)
Other income10,082
Net income (loss) before income taxes(990,519)903,626(428,142)1,869,924
Income tax (benefit) expense(116,485)260,000(1,603,711)
Net income (loss)$ (874,034)$ 643,626$ (428,142)$ 3,473,635
Net income (loss) per share:    
   Basic$ (0.11)$ 0.08$ (0.05)$ 0.46
   Diluted$ (0.11)$ 0.07$ (0.05)$ 0.37
Weighted average shares outstanding:    
   Basic7,153,2107,162,9247,202,2396,927,837
   Diluted7,153,2108,939,3847,202,2398,932,395

SCKT Balance Sheet

2022-09-30
Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
   Cash and cash equivalents$ 4,237,342$ 6,095,886
   Accounts receivable, net1,812,1932,576,240
   Inventories, net6,149,9275,154,524
   Prepaid expenses and other current assets576,185395,161
   Deferred cost on shipments to distributors206,206158,977
      Total current assets12,981,85314,380,788
Property and equipment:  
   Machinery and office equipment2,530,2752,436,897
   Computer equipment, software, and website development2,682,1851,909,895
      Property, plant, and equipment, gross5,212,4604,346,792
   Accumulated depreciation(3,680,222)(3,277,979)
      Property and equipment, net1,532,2381,068,813
Intangible assets, net1,736,6441,864,794
Other long-term assets311,69689,448
Deferred tax assets7,960,4197,960,419
Operating lease right-of-use asset3,674,173210,839
      Total assets28,197,02325,575,101
Current liabilities:  
   Accounts payable and accrued expenses1,717,1132,169,055
   Accrued payroll and related expenses761,478692,994
   Deferred revenue on shipments to distributors524,172407,235
   Short term portion of deferred service revenue23,36317,128
   Note Payable – current portion250,000500,000
   Subordinated convertible notes payable, net of discount146,435143,514
   Subordinated convertible notes payable, net of discount-related party1,223,2321,201,334
   Operating lease – current portion434,524258,097
      Total current liabilities5,080,3175,389,357
Long-term portion of deferred service revenue14,17314,281
Operating lease - long-term portion3,406,778
Long-term portion of note payable125,000
   Total liabilities8,501,2685,528,638
Commitments and contingencies
Stockholders’ equity:  
Common Stock, Value, Issued7,1377,184
   Additional paid-in capital66,870,79566,139,630
   Treasury stock(653,684)
   Accumulated deficit(46,528,493)(46,100,351)
      Total stockholders’ equity19,695,75520,046,463
         Total liabilities and stockholders’ equity$ 28,197,023$ 25,575,101