SCKT Socket Mobile

Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless reader/writers. Specifically, Socket Mobile's revenue is driven by mobile applications servicing the specialty retailer, field service, transportation, and manufacturing markets. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Newark, Calif.

Company profile

Kevin Mills
Fiscal year end
Industry (SIC)
Former names
IRS number

SCKT stock data


Investment data

Data from SEC filings
Securities sold
Number of investors


14 May 21
4 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.96M 4.96M 4.96M 4.96M 4.96M 4.96M
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) 334.81K (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a n/a 1.39M n/a n/a
Cash remaining n/a n/a n/a 3.58M n/a n/a
Runway (months of cash) n/a n/a n/a 10.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jul 21 Leonard L Ott Common Stock Sell Dispose S No Yes 14.07 274 3.86K 54,073
23 Jul 21 Leonard L Ott Common Stock Sell Dispose S No Yes 14 466 6.52K 54,347
23 Jul 21 Kevin J Mills Common Stock Sell Dispose S No Yes 14.08 12,000 168.96K 156,657
23 Jul 21 Kevin J Mills Common Stock Aquire X No Yes 2.36 10,000 23.6K 168,657
23 Jul 21 Kevin J Mills Common Stock Aquire X No Yes 1.2 2,000 2.4K 158,657
23 Jul 21 Kevin J Mills Common Stock Option Common Dispose X No No 2.36 10,000 23.6K 191,757
23 Jul 21 Kevin J Mills Common Stock Option Common Dispose X No No 1.2 2,000 2.4K 201,757
22 Jul 21 Lazarev Ivan Common Stock Option exercise Aquire M No No 2.24 5,542 12.41K 5,542
22 Jul 21 Lazarev Ivan Common Stock Option Common Dispose X No No 2.24 5,542 12.41K 4,084
1 Jun 21 David A. Holmes Common Stock Grant Aquire A No No 0 7,000 0 7,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

4.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 19 12 +58.3%
Opened positions 11 5 +120.0%
Closed positions 4 2 +100.0%
Increased positions 5 4 +25.0%
Reduced positions 2 1 +100.0%
13F shares
Current Prev Q Change
Total value 2.85M 836K +241.1%
Total shares 332.48K 351.06K -5.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 66.3K $570K -41.1%
Vanguard 60.36K $518K +34.3%
Dimensional Fund Advisors 58.02K $498K +88.2%
Geode Capital Management 31.77K $272K NEW
CSS 27.5K $237K +17.0%
Stratos Wealth Partners 20K $172K NEW
Citadel Advisors 19.78K $170K +31.1%
MS Morgan Stanley 16.05K $137K NEW
Squarepoint Ops 15K $129K NEW
Schonfeld Strategic Advisors 13.9K $119K NEW
Largest transactions
Shares Bought/sold Change
Acadian Asset Management 0 -65.62K EXIT
Renaissance Technologies 66.3K -46.3K -41.1%
Geode Capital Management 31.77K +31.77K NEW
Dimensional Fund Advisors 58.02K +27.2K +88.2%
VIRT Virtu Financial 0 -24.39K EXIT
Stratos Wealth Partners 20K +20K NEW
Two Sigma Securities 0 -16.27K EXIT
MS Morgan Stanley 16.05K +16.05K NEW
Vanguard 60.36K +15.4K +34.3%
Squarepoint Ops 15K +15K NEW

Financial report summary

Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • In light of the uncertainty in the economy during the COVID-19 global pandemic, the Company undertook several actions to strengthen its financial positions and balance sheet including issuing debt, reducing operating expenses, and prioritizing capital expenditures. While the Company has the ability to continue to take more of these actions, if needed, it also has the ability to borrow under its existing $2.5 million revolving credit facility that matures on January 31, 2023. At December 31, 2020, the Company had no outstanding drawings against the revolving credit facility and had cash of approximately $2.1 million. Overall, the Company believes that the available cash, cash flows generated from future operating activities and borrowing capacity will provide the Company with continued financial viability and adequate liquidity to fund its operations and support its growth. The Company’s cash requirements are subject to change as the business conditions change. As the COVID-19 global pandemic is complex and rapidly evolving, the Company's plans may change. Although the Company saw positive momentum and improved cash generated from operating activities over the second half of 2020, the Company is still unable to predict the duration and severity of this pandemic, which could have a material adverse impact on the Company’s future sales, results of operations, financial position and cash flows, particularly if the global pandemic continues to exist or worsens for a prolonged period of time, or if plans to administer vaccines are delayed. Any such material adverse impacts could result in the Company's inability to satisfy credit facility covenants and could limit the ability to make future borrowings under credit lines.
  • Our significant accounting policies are described in Note 1 to our financial statements for the years ended December 31, 2020 and 2019. The application of these policies requires us to make estimates and judgments that affect the reported amount of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. We base our estimates on a combination of historical experience and reasonable judgment applied to other facts. Actual results may differ from these estimates, and such differences may be material to the financial statements. In addition, the use of different assumptions or judgments may result in different estimates. We believe our critical accounting policies that are subject to these estimates are: Revenue Recognition and Accounts Receivable Reserves, Inventory Valuation, Stock-Based Compensation, Income Taxes and Valuation of Goodwill.
Content analysis
H.S. freshman Good
New words: accelerate, accidental, agreed, arisen, Arizona, black, breakage, CalCap, carefully, clerical, collar, commencing, comprehensive, core, critical, cumulative, department, deployment, deteriorate, deterioration, divided, driver, enrolled, exempt, EXIM, expiration, factor, fifteen, focused, forefront, fulfill, hardship, headcount, inability, intangible, irrevocable, LE, leader, leadership, lesser, lot, margin, MHz, minimal, multiple, nonformula, October, original, par, phone, range, ratably, resolve, rest, SAS, shopping, sled, slightly, smart, SocketCare, SpringCard, temporary, thereof, ultimate, unlimited, unpaid, unrecognized, unrestricted, virtue, warrant, website, widespread
Removed: Aid, approach, beginning, borrowing, collateralized, combined, comparative, concentration, consistent, curtailment, deductibility, deem, discounted, earliest, easy, expanded, fixed, forgiven, incurred, introduced, iPhone, iPod, measured, Paycheck, payroll, permanent, permitted, ratio, relationship, released, retrospective, SBA, state, threshold, touch, traditionally, utility, waived

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