secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000944075-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000002/0000944075-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000002/form-8k0305.htm
  HTML page:      https://secwatch.observer/filing/0000944075-24-000002

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