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Socket Mobile Inc Stock Research

SCKT

1.96USD+0.03(+1.55%)Delayed

Market Summary

USD1.96+0.03
Delayed
1.55%

SCKT Stock Price

SCKT RSI Chart

SCKT Valuation

Market Cap

13.9M

Price/Earnings (Trailing)

24.66

Price/Sales (Trailing)

0.63

Price/Free Cashflow

-128.4

SCKT Price/Sales (Trailing)

SCKT Profitability

Operating Margin

49.60%

Return on Equity

2.82%

Return on Assets

2.21%

Free Cashflow Yield

-0.78%

SCKT Fundamentals

SCKT Revenue

Revenue (TTM)

22.2M

Revenue Y/Y

-41.01%

Revenue Q/Q

-38.34%

SCKT Earnings

Earnings (TTM)

564.5K

Earnings Y/Y

-235.8%

Earnings Q/Q

-940.75%

Price Action

52 Week Range

1.754.75
(Low)(High)

Last 7 days

-10.2%

Last 30 days

-8.4%

Last 90 days

-3.5%

Trailing 12 Months

-46.8%

SCKT Financial Health

Current Ratio

2.67

SCKT Investor Care

Buy Backs (1Y)

0.36%

Diluted EPS (TTM)

0.01

Peers (Alternatives to Socket Mobile)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
387.5B
-0.56% -0.91%
25.94
6.37
2.44% -5.35%
27.9B
59.8B
-7.84% -19.28%
10.71
0.47
-7.84% -60.07%
13.3B
6.5B
-9.85% -24.01%
10.3
2.05
4.33% 27.27%
12.6B
9.4B
-16.09% -31.28%
20.4
1.35
-21.90% -66.38%
11.3B
15.8B
-20.10% -25.14%
-121.22
0.72
-16.84% -104.67%
MID-CAP
10.2B
5.3B
-1.89% -10.10%
21.65
1.92
11.95% 86.39%
7.3B
2.7B
-24.21% -24.75%
536.05
2.74
34.27% 106.43%
5.2B
6.6B
1.35% 119.39%
8.98
0.78
59.38% 362.85%
3.0B
7.8B
-20.01% -40.97%
49.75
0.38
9.61% -38.14%
2.4B
7.1B
-11.03% -17.78%
-7.35
0.33
0.98% 29.23%
SMALL-CAP
1.4B
556.2M
-7.29% -27.15%
-13.31
2.47
-12.75% -133.51%
181.9M
3.6B
-4.08% -66.95%
-0.39
0.05
-10.12% -413.74%
90.8M
402.6M
-36.66% -62.00%
-2.82
0.23
8.80% 23.40%
53.1M
71.9M
-19.51% -32.65%
81.84
0.74
23.75% -78.12%
13.9M
22.2M
-8.44% -46.85%
24.66
0.63
2.03% -88.84%

Financials for Socket Mobile

Income Statement (Last 12 Months)
(In Thousands)
* denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-10.5%22,18124,77224,67923,19921,741
Cost Of Revenue-6.9%11,17812,00211,68910,76310,012
Gross Profit-13.8%11,00312,77112,99012,43611,728
Operating Expenses1.3%10,61010,47710,0719,7399,190
  S&GA Expenses2.2%3,5493,4723,2423,0032,883
  R&D Expenses1.9%4,3184,2364,0873,9653,637
Interest Expenses-7.1%92.0099.0093.0019993.00
Net Income-72.9%5642,0824,6054,4665,056
Net Income Margin-69.7%0.03*0.08*0.19*0.19*-
Free Cahsflow-108.1%-1081,3457371,452-
Balance Sheet
(In Thousands)
* denotes actual numbers (not divided by 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 Liabilities6.1%5,3895,0806,8045,3365,389
Shareholder's Equity1.8%20,04619,69620,55620,53620,046
  Retained Earnings0.9%-46,100-46,528-45,654-45,758-46,100
  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-
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%-1,039-947-663-691-724
Cashflow From Financing-48.7%-1,007-677-2752,5222,702
  Buy Backs-73.8%-866-4983.0020.00-

Risks for SCKT

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

98.1%


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

79.6%


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.

Drawdowns

Returns for SCKT

Cumulative Returns on SCKT

6.9%


10-Year Cumulative Returns

-12.3%


5-Year Cumulative Returns

15.9%


3-Year Cumulative Returns

What are the long-term rolling returns for SCKT?

FIve years rolling returns for Socket Mobile.

Annualized Returns

Which funds bought or sold SCKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-02-14
STATE STREET CORP
unchanged
-
-4,216
45,784
-%
2023-02-14
ACADIAN ASSET MANAGEMENT LLC
unchanged
-
-10,000
96,000
-%
2023-02-14
MORGAN STANLEY
added
11.75
1,764
114,764
-%
2023-02-14
NewEdge Advisors, LLC
new
-
-
-
-%
2023-02-14
BNP PARIBAS ARBITRAGE, SNC
new
-
19,300
19,300
-%
2023-02-13
BlackRock Inc.
unchanged
-
-311
689
-%
2023-02-13
WELLS FARGO & COMPANY/MN
unchanged
-
73.00
73.00
-%
2023-02-13
BARCLAYS PLC
unchanged
-
-
-
-%
2023-02-13
AVANTAX ADVISORY SERVICES, INC.
unchanged
-
-3,050
28,950
-%
2023-02-13
GEODE CAPITAL MANAGEMENT, LLC
reduced
-0.29
-8,000
80,000
-%

1–10 of 21

Latest Funds Activity

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

Socket Mobile News

Stocks Register

New Insight On Impinj Inc. (PI) – Stocks Register.

Stocks Register,
12 days ago

Marketscreener.com

Scenari Economici

Frisco Reports

Frisco Reports

Schedule 13G FIlings of Socket Mobile

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 16, 2021
manatuck hill partners, llc
0%
0
SC 13G/A
Sep 29, 2020
socket mobile, inc.
28.6%
1,988,582
SC 13D/A
Sep 29, 2020
bass charlie
28.6%
1,988,582
SC 13D/A
Feb 12, 2020
manatuck hill partners, llc
5.11%
306,430
SC 13G/A

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

16.33%

2.90

47.96%

4.00

104.08%

5.95

203.57%

9.11

364.80%
Current Inflation

3.21

63.78%

3.90

98.98%

5.50

180.61%

7.28

271.43%

8.47

332.14%
Very High Inflation

2.10

7.14%

2.62

33.67%

3.32

69.39%

4.70

139.80%

6.90

252.04%

Historical Socket Mobile Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Socket Mobile

View All Filings
Date Filed Form Type Document
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 22, 2023
8-K
Current Report
Feb 03, 2023
4
Insider Trading

Latest Insider Trading transactions for SCKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Zhao Lynn
sold (taxes)
-3,156
2.11
-1,496
chief financial officer
2023-03-01
OTT LEONARD L
sold (taxes)
-3,156
2.11
-1,496
evp engineering and cto
2023-03-01
MILLS KEVIN J
gifted
-
-
-2,900
chief executive officer
2023-02-28
Zhao Lynn
acquired
6,398
1.04
6,152
chief financial officer
2023-02-21
OTT LEONARD L
acquired
-
-
22,326
evp engineering and cto
2023-02-21
MILLS KEVIN J
acquired
-
-
29,767
chief executive officer
2023-02-21
Zhao Lynn
acquired
-
-
22,326
chief financial officer
2023-02-21
Holmes David A.
acquired
-
-
24,651
chief business officer
2023-02-01
Zhao Lynn
sold (taxes)
-4,991
2.37
-2,106
chief financial officer
2023-02-01
OTT LEONARD L
sold (taxes)
-4,991
2.37
-2,106
evp engineering and cto

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