Socket Mobile Q2 revenue flat at $6.05M; operating income falls 77% to $189K

SOCKET MOBILE, INC.

2022-Q2 EPS reported $0.05 revenue$12,338,984

Revenue $6.05M (+2% YoY, -4% sequentially); gross margin 50.2% vs 54.7% a year ago.
Operating expenses rose 17% YoY to $2.8M; operating income dropped to $189K from $814K.
Supply chain shortages of printers and cash drawers hurt mPOS deployments; upgrade business remained strong.
New products: SocketScan S720 (QR), S370 (barcode+NFC), and free camera scanner C820 via CaptureSDK.

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