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Socket Mobile Inc Stock Research

SCKT

1.20USD-0.01(-0.83%)Market Closed
Watchlist

Market Summary

USD1.20-0.01
Market Closed
-0.83%

SCKT Stock Price

SCKT RSI Chart

SCKT Valuation

Market Cap

8.8M

Price/Earnings (Trailing)

-4.74

Price/Sales (Trailing)

0.48

Price/Free Cashflow

-2.98

SCKT Price/Sales (Trailing)

SCKT Profitability

Operating Margin

48.35%

Return on Equity

-6.42%

Return on Assets

-4.47%

Free Cashflow Yield

-33.53%

SCKT Fundamentals

SCKT Revenue

Revenue (TTM)

18.3M

Revenue Y/Y

-15.36%

Revenue Q/Q

18.67%

SCKT Earnings

Earnings (TTM)

-1.9M

Earnings Y/Y

-593.29%

Earnings Q/Q

48.38%

Price Action

52 Week Range

2.48
(Low)(High)

Last 7 days

-1.6%

Last 30 days

-12.2%

Last 90 days

-16.5%

Trailing 12 Months

-52.2%

SCKT Financial Health

Current Ratio

2.26

SCKT Investor Care

Shares Dilution (1Y)

1.22%

Diluted EPS (TTM)

-0.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for SCKT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-08-11
MILLS KEVIN J
gifted
-
-
-45,000
chief executive officer
2023-07-18
BASS CHARLIE
acquired
15,000
1.5
10,000
-
2023-06-19
PARNELL WILLIAM L. JR
acquired
-
-
2,000
-
2023-06-13
MARINI GIACOMO
acquired
-
-
7,000
-
2023-06-07
BASS CHARLIE
acquired
-
-
13,000
-
2023-06-07
Weinstein Laura
acquired
-
-
7,000
-
2023-06-07
Lazarev Ivan
acquired
-
-
7,000
-
2023-06-07
PARNELL WILLIAM L. JR
acquired
-
-
8,000
-
2023-05-26
MILLS KEVIN J
acquired
149,850
1.76294
85,000
president and ceo
2023-04-04
MILLS KEVIN J
gifted
-
-
-12,065
chief executive officer

1–10 of 50

Which funds bought or sold SCKT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-21
OSAIC HOLDINGS, INC.
unchanged
-
-129
432
-%
2023-08-15
WELLS FARGO & COMPANY/MN
added
5.13
-14.00
59.00
-%
2023-08-14
STATE STREET CORP
unchanged
-
-9,912
34,456
-%
2023-08-14
MORGAN STANLEY
reduced
-70.28
-31,258
9,278
-%
2023-08-14
NewEdge Advisors, LLC
unchanged
-
-15.00
50.00
-%
2023-08-14
Tower Research Capital LLC (TRC)
added
49.35
1,784
11,784
-%
2023-08-14
CITADEL ADVISORS LLC
added
21.11
-1,223
19,327
-%
2023-08-14
VANGUARD GROUP INC
reduced
-2.46
-59,202
178,671
-%
2023-08-11
GEODE CAPITAL MANAGEMENT, LLC
unchanged
-
-17,440
60,623
-%
2023-08-11
UBS Group AG
unchanged
-
-430
1,440
-%

1–10 of 22

Latest Funds Activity

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

Schedule 13G FIlings of Socket Mobile

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 05, 2023
mills kevin j
11.7%
916,806
SC 13D
Jun 05, 2023
bass charlie
31.5%
2,771,892
SC 13D/A
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

Recent SEC filings of Socket Mobile

View All Filings
Date Filed Form Type Document
Aug 14, 2023
4
Insider Trading
Aug 14, 2023
10-Q
Quarterly Report
Aug 02, 2023
8-K
Current Report
Jul 19, 2023
4
Insider Trading
Jun 21, 2023
424B4
Prospectus Filed
Jun 21, 2023
EFFECT
EFFECT
Jun 20, 2023
4
Insider Trading
Jun 14, 2023
CORRESP
CORRESP
Jun 13, 2023
4
Insider Trading
Jun 13, 2023
3
Insider Trading

Peers (Alternatives to Socket Mobile)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.7T
383.9B
-0.20% 12.03%
28.98
7.15
-0.93% -4.89%
26.7B
54.7B
-13.52% 2.31%
11.54
0.49
-15.60% -63.25%
15.9B
6.2B
-0.50% 15.61%
13.15
2.56
-3.87% 27.40%
14.7B
12.3B
13.00% 28.45%
-8.62
1.19
-34.45% -213.73%
13.6B
7.4B
0.20% 9.51%
-25.73
1.84
-36.68% -132.08%
MID-CAP
12.9B
7.1B
-3.79% 335.61%
20.09
1.81
37.09% 124.43%
10.9B
2.8B
-4.31% 27.49%
-13.1K
3.95
8.89% 94.22%
9.0B
5.7B
0.79% 4.99%
21.78
1.58
15.00% 5.32%
3.9B
7.9B
-7.54% 23.63%
47.61
0.49
0.77% -2.41%
2.5B
7.2B
5.19% 2.01%
-10.11
0.36
3.04% 60.93%
SMALL-CAP
1.4B
3.6B
-66.42% 407.18%
-1.43
0.4
-3.78% -133.22%
630.0M
514.4M
-22.77% -44.89%
-5.2
1.22
-11.31% -153.49%
67.6M
407.5M
15.92% -48.87%
-1.77
0.17
7.00% 0.29%
33.3M
71.1M
-5.81% -53.04%
-5.61
0.47
2.81% -496.33%
8.8M
18.3M
-12.20% -52.17%
-4.74
0.48
-26.01% -189.58%

Socket Mobile News

InvestorsObserver
Premarket Mover: Socket Mobile Inc (SCKT) Down 2.50%.
InvestorsObserver,
35 hours ago
Scenari Economici
Benzinga
Best Cheap Tech Stocks Under $5.
Benzinga,
14 months ago
Seeking Alpha

Returns for SCKT

Cumulative Returns on SCKT

0.1%


10-Year Cumulative Returns

-11.3%


7-Year Cumulative Returns

-13.5%


5-Year Cumulative Returns

-2.6%


3-Year Cumulative Returns

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

98.5%


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

82.3%


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

Financials for Socket Mobile

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Last 12 Months)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-4.8%18,32819,25721,23822,18124,77224,67923,19921,74119,53016,29215,70015,62916,50018,84519,25318,81317,97017,10216,454-1,946-607
Cost Of Revenue-5.5%9,4019,94610,87111,17812,00211,68910,76310,0128,9517,6077,3657,3357,8448,9219,1529,0648,6808,3107,9987,9988,468
Gross Profit-4.1%8,9279,31110,36611,00312,77112,99012,43611,72810,5798,6858,3358,2948,6569,92510,1019,7499,2908,7928,4568,6949,564
Operating Expenses0.9%11,27311,17610,81210,61010,47710,0719,7399,19012,97212,70312,68512,9609,2169,4569,4949,4819,1829,0469,0429,0889,151
  S&GA Expenses1.1%3,7853,7453,6383,5493,4723,2423,0032,8832,7532,7412,8492,8512,9783,0273,0153,0843,0373,0002,9822,9252,924
  R&D Expenses1.5%4,6244,5564,3624,3184,2364,0873,9653,6373,3033,1913,1403,4083,7423,8803,8943,7983,6683,5873,6403,6933,682
Interest Expenses6.1%17816717518218993.0019993.0067.0012797.0069.0070.0092.0010111211913712998.0087.00
Net Income-49.4%-1,865-1,24887.005642,0824,6054,4665,056410-2,985-3,278-4,800-70318428763.00-76.24-334-571-3,129-2,669
Net Income Margin100.0%--0.06*0.00*0.03*0.08*0.19*0.19*0.23*0.02*-0.18*-0.21*-0.31*-0.04*0.01*0.01*0.00*0.00*----
Free Cashflow100.0%--1,067-1,294-1081,3457371,452876426601268221591579278173-136----
Balance Sheet
(In Thousands)
Balance Sheet
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets5.0%29,31127,92828,59828,19730,89125,89325,57523,62323,02120,59515,60915,20818,12119,63519,45819,28219,29419,26518,59717,48317,501
  Current Assets10.2%13,17111,94812,76912,98215,86014,72414,38113,24412,36211,6607,9367,9926,3607,7767,5217,1347,1516,9536,1976,2596,296
    Cash Equivalents15.8%3,4312,9633,6234,2375,5885,4236,0965,3534,9204,9612,1221,7759271,1439598811,0169291,0851,3241,296
  Inventory-2.7%5,5095,6605,6026,1505,8885,2145,1554,4354,0203,7253,1963,3623,2543,2953,1792,5282,3952,4962,2721,8932,213
  Net PPE23.0%2,4131,9621,6571,5321,3201,0451,069951855858848835852883865817680699689761749
  Goodwill-------------4,4274,4274,4274,4274,4274,4274,4274,4274,427
Liabilities16.9%9,9118,4788,2768,50110,3355,3575,5295,3445,6546,0934,4366,3775,4906,3676,2246,2596,4996,7276,1925,0425,145
  Current Liabilities29.4%6,8445,2904,9725,0806,8045,3365,3895,0765,2585,4384,1495,5874,2355,7285,4685,3895,4345,4304,6854,3324,420
Shareholder's Equity-0.3%19,40019,44920,32219,69620,55620,53620,04618,27917,36814,50311,1738,83212,63113,26713,78513,02312,79512,53812,40412,44112,355
  Retained Earnings-1.1%-47,519-47,006-46,013-46,528-45,654-45,758-46,100-47,643-48,287-50,914-50,566-52,699-48,697-47,929-47,838-47,899-47,993-48,113-48,125-47,962-47,917
  Additional Paid-In Capital0.7%67,95067,48767,15866,87166,58166,28766,14065,91565,64865,41061,73461,52661,32261,19161,06760,91660,78360,64660,52460,39860,267
Accumulated Depreciation6.8%2,9392,7522,5913,6803,5423,3923,2783,2963,1382,9942,8512,8352,6992,6312,6672,6272,5562,4502,4922,4852,400
Shares Outstanding2.5%7,3087,1307,0907,1377,2207,2347,1847,1637,1297,1256,1036,0516,0096,0146,0185,9995,9995,9405,8835,8835,880
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Last 12 Months)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-377.2%-1,238447-1119312,2931,4012,1441,6011,0111,1468047531,2551,2298746452047337501,5072,082
  Share Based Compensation5.1%1,1261,071999924848768693619564524507521524530520523520495488482462
Cashflow From Investing-14.0%-1,726-1,514-1,183-1,039-947-663-691-724-584-545-536-540-671-657-602-471-341-359-423-813-802
Cashflow From Financing158.0%808-1,392-1,177-1,007-677-2752,5222,7023,5673,217895681-672-357-396-616-143-1,518-2,620-2,237-2,117
  Buy Backs60.8%999621830-866-498-3.0020.0020.00-8.00-10.70-16.05-33.98----5,0226,69610,044

SCKT Income Statement

2023-06-30
Condensed Statements of Operations - USD ($)
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Revenues$ 5,117,157$ 6,045,982$ 9,429,335$ 12,338,984
Cost of revenues2,465,5943,010,3004,705,2856,175,640
Gross profit2,651,5633,035,6824,724,0506,163,344
Operating expenses:    
   Research and development1,189,9301,121,1162,437,0492,174,722
   Sales and marketing1,004,579964,4342,011,3711,864,314
   General and administrative748,609760,8481,522,5971,471,320
      Total operating expenses2,943,1182,846,3985,971,0175,510,356
Operating income (loss)(291,555)189,284(1,246,967)652,988
Interest expense, net(55,261)(45,005)(93,269)(90,611)
Net income (loss) before income taxes(346,816)144,279(1,340,236)562,377
Income tax benefit (expense)(166,000)(40,320)(166,000)(116,485)
Net income (loss)$ (512,816)$ 103,959$ (1,506,236)$ 445,892
Net income (loss) per share:    
   Basic$ (0.06)$ 0.01$ (0.18)$ 0.06
   Diluted$ (0.06)$ 0.01$ (0.18)$ 0.05
Weighted average shares outstanding:    
   Basic7,163,6087,219,6467,135,1497,225,641
   Diluted7,163,6087,643,3157,135,1497,687,980

SCKT Balance Sheet

2023-06-30
Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
   Cash and cash equivalents$ 3,431,037$ 3,623,469
   Accounts receivable, net3,200,4222,659,861
   Inventories, net5,509,1505,601,691
   Prepaid expenses and other current assets617,734617,188
   Deferred cost on shipments to distributors412,490266,327
      Total current assets13,170,83312,768,536
Property and equipment:  
   Machinery and office equipment2,194,5211,533,087
   Computer equipment3,157,2782,715,121
  5,351,7994,248,208
   Accumulated depreciation(2,938,637)(2,590,999)
      Property and equipment, net2,413,1621,657,209
Intangible assets, net1,623,0171,693,927
Other long-term assets274,528250,239
Deferred tax assets8,502,4198,668,419
Operating lease right-of-use asset3,326,6553,559,658
      Total assets29,310,61428,597,988
Current liabilities:  
   Accounts payable and accrued expenses1,838,4291,665,028
   Accrued payroll and related expenses600,297742,541
   Deferred revenue on shipments to distributors942,170594,793
   Short term portion of deferred service revenue20,50822,599
   Note Payable – current portion125,000
   Subordinated convertible notes payable, net of discount149,356147,409
   Subordinated convertible notes payable, net of discount-related party2,828,0681,230,530
   Operating lease – current portion465,009444,529
      Total current liabilities6,843,8374,972,429
Long-term portion of deferred service revenue12,02911,767
Long-term portion of operating lease3,055,0883,292,035
   Total liabilities9,910,9548,276,231
Commitments and contingencies
Stockholders’ equity:  
Common Stock, Value, Issued7,3087,090
   Additional paid-in capital67,949,99667,157,650
   Treasury stock(1,037,988)(829,563)
   Accumulated deficit(47,519,656)(46,013,420)
      Total stockholders’ equity19,399,66020,321,757
         Total liabilities and stockholders’ equity$ 29,310,614$ 28,597,988
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.