secwatch.observer — SEC 8-K summary
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Issuer:     SOCKET MOBILE, INC. (SCKT)
CIK:        0000944075
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000944075-24-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Socket Mobile reports Q1 revenue $5.0M (+15% YoY); operating loss narrows to $0.5M
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- Revenue $5.0M, up 15% YoY from $4.3M and 13% sequentially from $4.4M.
- Gross margin 50.3% vs 48.1% in prior year quarter and 52.8% in preceding quarter.
- Operating loss $0.5M, improved from $1.0M loss in prior year; expenses flat at $3.0M.
- Cash $2.8M, unchanged from Dec 31, 2023.
- New product momentum: SocketCam C860 recurring revenue model, DuraSled for iPhone 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000020/0000944075-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944075/000094407524000020/form-8k0501.htm
  HTML page:      https://secwatch.observer/filing/0000944075-24-000020

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