Socket Mobile Q4 rev $4.4M (-15% YoY), EPS $0.08; FY23 rev $17M (-20%)

SOCKET MOBILE, INC.

Q4 revenue $4.4M, down 15% YoY from $5.2M; gross margin improved to 52.8% from 49.3%.
Diluted EPS $0.08 vs $0.06 in prior-year quarter; full-year diluted loss per share $0.27 vs EPS $0.01.
Full-year operating loss $3.1M vs loss $446K in 2022; revenue fell 20% to $17.0M.
Sales through distribution partners $19.1M, down 2.8% vs 2022; inventory timing impacted reported revenue.
Launched SocketCam C860, XtremeScan, DuraScan Wear, NFC readers with Apple/FeliCa certifications.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SOCKET MOBILE, INC. reported financial results for the three and twelve months ended December 31, 2023.

Period: the three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On March 5, 2024, Socket Mobile, Inc. issued a press release reporting its results for the three and twelve months ended December 31, 2023.

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SOCKET MOBILE, INC. filing history →

Source: SEC EDGAR

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