Socket Mobile Q1 net loss $993K; revenue $4.3M down 32% YoY

SOCKET MOBILE, INC.

2023-Q1 EPS reported -$0.12 revenue$4,312,178

Revenue $4.3M, down from $6.3M in Q1 2022 and $5.2M in Q4 2022.
GAAP net loss $993K vs net income $342K in prior-year quarter.
Gross margin 48.1% vs 49.7% a year ago; cash $2.96M (down from $3.62M).
Distribution inventory adjustments expected to continue through Q2 2023.
Launched SocketCam C860 (paid upgrade, recurring revenue) and DuraSled for iPhone 14.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOCKET MOBILE, INC. reported the three months ended March 31, 2023 results: revenue $4.3 million, net income GAAP net loss of $993,000.

Period: the three months ended March 31, 2023
Revenue: $4.3 million
Net income: GAAP net loss of $993,000
Result: reported results

Exact text from the filing

of $4.3 million versus $6.3 million for the prior-year quarter and $5.2 million for the preceding

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SOCKET MOBILE, INC. filing history →

Source: SEC EDGAR

accession 0000944075-23-000030

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