Socket Mobile Q1 revenue up 31% to $6.3M; EPS $0.04 vs $0.03 YoY

SOCKET MOBILE, INC.

2022-Q1 EPS reported $0.04 revenue$6,293,002

Revenue of $6.3M, up 31% YoY from $4.8M and 3% sequentially from $6.1M.
Gross margin fell to 49.7% from 53.5% YoY due to higher component and freight costs.
Operating income of $0.5M vs $0.2M in Q1 2021; diluted EPS $0.04 vs $0.03.
New SocketCam C820 software-based barcode scanner launched; free to developers.
Expects some margin recovery in Q2 by reducing discounts and shifting sales mix.

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