secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0000944075-21-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407521000070/0000944075-21-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407521000070/form-8k1021.htm
  HTML page:      https://secwatch.observer/filing/0000944075-21-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer