Socket Mobile Inc Stock Research

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

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.5T	387.5B	-0.56%	-0.91%	25.94	6.37	2.44%	-5.35%
HPQ	27.9B	59.8B	-7.84%	-19.28%	10.71	0.47	-7.84%	-60.07%
NTAP	13.3B	6.5B	-9.85%	-24.01%	10.3	2.05	4.33%	27.27%
STX	12.6B	9.4B	-16.09%	-31.28%	20.4	1.35	-21.90%	-66.38%
WDC	11.3B	15.8B	-20.10%	-25.14%	-121.22	0.72	-16.84%	-104.67%
MID-CAP
JNPR	10.2B	5.3B	-1.89%	-10.10%	21.65	1.92	11.95%	86.39%
PSTG	7.3B	2.7B	-24.21%	-24.75%	536.05	2.74	34.27%	106.43%
SMCI	5.2B	6.6B	1.35%	119.39%	8.98	0.78	59.38%	362.85%
NCR	3.0B	7.8B	-20.01%	-40.97%	49.75	0.38	9.61%	-38.14%
XRX	2.4B	7.1B	-11.03%	-17.78%	-7.35	0.33	0.98%	29.23%
SMALL-CAP
DDD	1.4B	556.2M	-7.29%	-27.15%	-13.31	2.47	-12.75%	-133.51%
DBD	181.9M	3.6B	-4.08%	-66.95%	-0.39	0.05	-10.12%	-413.74%
QMCO	90.8M	402.6M	-36.66%	-62.00%	-2.82	0.23	8.80%	23.40%
OSS	53.1M	71.9M	-19.51%	-32.65%	81.84	0.74	23.75%	-78.12%
SCKT	13.9M	22.2M	-8.44%	-46.85%	24.66	0.63	2.03%	-88.84%

Financials for Socket Mobile

* denotes actual numbers (not divided by Thousands)
Income Statement (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Revenue	-10.5%	22,181	24,772	24,679	23,199	21,741
Cost Of Revenue	-6.9%	11,178	12,002	11,689	10,763	10,012
Gross Profit	-13.8%	11,003	12,771	12,990	12,436	11,728
Operating Expenses	1.3%	10,610	10,477	10,071	9,739	9,190
S&GA Expenses	2.2%	3,549	3,472	3,242	3,003	2,883
R&D Expenses	1.9%	4,318	4,236	4,087	3,965	3,637
Interest Expenses	-7.1%	92.00	99.00	93.00	199	93.00
Net Income	-72.9%	564	2,082	4,605	4,466	5,056
Net Income Margin	-69.7%	0.03*	0.08*	0.19*	0.19*	-
Free Cahsflow	-108.1%	-108	1,345	737	1,452	-

* denotes actual numbers (not divided by Thousands)
Balance Sheet					(In Thousands)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-9.3%	25,575	28,197	30,891	25,893	25,575
Current Assets	10.8%	14,381	12,982	15,860	14,724	14,381
Cash Equivalents	43.9%	6,096	4,237	5,588	5,423	6,096
Inventory	-16.2%	5,155	6,150	5,888	5,214	5,155
Net PPE	-30.2%	1,069	1,532	1,320	1,045	1,069
Liabilities	-35.0%	5,529	8,501	10,335	5,357	5,529
Current Liabilities	6.1%	5,389	5,080	6,804	5,336	5,389
Shareholder's Equity	1.8%	20,046	19,696	20,556	20,536	20,046
Retained Earnings	0.9%	-46,100	-46,528	-45,654	-45,758	-46,100
Additional Paid-In Capital	-1.1%	66,140	66,871	66,581	66,287	66,140
Accumulated Depreciation	-10.9%	3,278	3,680	3,542	3,392	3,278
Shares Outstanding	-0.9%	7,137	7,202	7,273	7,184	-

Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3
Cashflow From Operations	-59.4%	931	2,293	1,401	2,144	1,601
Share Based Compensation	9.0%	924	848	768	693	619
Cashflow From Investing	-9.7%	-1,039	-947	-663	-691	-724
Cashflow From Financing	-48.7%	-1,007	-677	-275	2,522	2,702
Buy Backs	-73.8%	-866	-498	3.00	20.00	-

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 ascending	Fund Name	Type	% 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	-%

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

Schedule 13G FIlings of Socket Mobile

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very 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 ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

About Socket Mobile

Kevin J. Mills

www.socketmobile.com

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 ($)	3 Months Ended		9 Months Ended
Condensed Statements of Operations - USD ($)	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 revenues	2,073,012	2,896,323	8,248,652	7,833,006
Gross profit	1,654,859	3,422,721	7,818,203	9,251,907
Operating expenses:
Research and development	1,096,400	1,014,175	3,271,122	2,917,501
Sales and marketing	864,702	787,889	2,729,016	2,182,377
General and administrative	641,184	666,884	2,112,504	2,141,911
Total operating expenses	2,602,286	2,468,948	8,112,642	7,241,789
Operating income (loss)	(947,427)	953,773	(294,439)	2,010,118
Interest expense, net	(43,092)	(50,147)	(133,703)	(150,276)
Other income				10,082
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:
Basic	7,153,210	7,162,924	7,202,239	6,927,837
Diluted	7,153,210	8,939,384	7,202,239	8,932,395

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, net	1,812,193	2,576,240
Inventories, net	6,149,927	5,154,524
Prepaid expenses and other current assets	576,185	395,161
Deferred cost on shipments to distributors	206,206	158,977
Total current assets	12,981,853	14,380,788
Property and equipment:
Machinery and office equipment	2,530,275	2,436,897
Computer equipment, software, and website development	2,682,185	1,909,895
Property, plant, and equipment, gross	5,212,460	4,346,792
Accumulated depreciation	(3,680,222)	(3,277,979)
Property and equipment, net	1,532,238	1,068,813
Intangible assets, net	1,736,644	1,864,794
Other long-term assets	311,696	89,448
Deferred tax assets	7,960,419	7,960,419
Operating lease right-of-use asset	3,674,173	210,839
Total assets	28,197,023	25,575,101
Current liabilities:
Accounts payable and accrued expenses	1,717,113	2,169,055
Accrued payroll and related expenses	761,478	692,994
Deferred revenue on shipments to distributors	524,172	407,235
Short term portion of deferred service revenue	23,363	17,128
Note Payable – current portion	250,000	500,000
Subordinated convertible notes payable, net of discount	146,435	143,514
Subordinated convertible notes payable, net of discount-related party	1,223,232	1,201,334
Operating lease – current portion	434,524	258,097
Total current liabilities	5,080,317	5,389,357
Long-term portion of deferred service revenue	14,173	14,281
Operating lease - long-term portion	3,406,778
Long-term portion of note payable		125,000
Total liabilities	8,501,268	5,528,638
Commitments and contingencies
Stockholders’ equity:
Common Stock, Value, Issued	7,137	7,184
Additional paid-in capital	66,870,795	66,139,630
Treasury stock	(653,684)
Accumulated deficit	(46,528,493)	(46,100,351)
Total stockholders’ equity	19,695,755	20,046,463
Total liabilities and stockholders’ equity	$ 28,197,023	$ 25,575,101