Socket Mobile Q3 revenue up 54% to $6.3M; turns to operating profit of $954k

SOCKET MOBILE, INC.

2021-Q3 EPS reported $0.37 revenue$17,084,913

Revenue $6.3M (+54% YoY, +6% sequential); gross margin 54% (down from 55%).
Operating income $954k vs loss of ($4.0M) in Q3 2020, which included a $4.4M impairment charge.
Diluted EPS $0.07 vs ($0.62) loss per share in prior year; Q2 2021 EPS was $0.27 with a tax benefit.
Generated $0.7M cash from operations; cash balance ended at $5.4M.
CEO warns component shortages and inflationary costs will persist into 2022.

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