Socket Mobile, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 04:25 pm EDT
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Socket Mobile, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 3.21 million compared to USD 3.73 million a year ago. Net loss was USD 1.33 million compared to USD 0.874 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to USD 0.11 a year ago.
For the nine months, sales was USD 12.64 million compared to USD 16.07 million a year ago. Net loss was USD 2.83 million compared to USD 0.428 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.05 a year ago.
Socket Mobile, Inc. is a provider of data capture and delivery solutions designed to enhance workplace productivity. The Company's solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing and quality control processes, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The Company's primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. Its product categories include XtremeScan family, SocketCam family, DuraScan Family, SocketScan family, DuraSled Family, and Software Developer Kit (CaptureSDK). The Company's products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple (iOS), Google (Android) and Microsoft (Windows).