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Socket Mobile (SCKT)

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

Ticker
SCKT
Exchange
NASDAQ
Website
www.socketmobile.com
CEO
Kevin Mills
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Manufacturing > Electronic Computer Manufacturing
Industry (SIC)
Electronic Computers
Apple • Dell • Super Micro Computer • Omnicell • Fitbit • Zepp Health • One Stop Systems • First Capital International • Sector 5 • Helo ...
Former names
SOCKET COMMUNICATIONS INC
SEC CIK
0000944075
Corporate docs
IRS number
943155066

SCKT stock data

News

From Benzinga Pro
Socket Mobile Receives Notice Of Allowance For U.S. Patent 'APPLICATION-ASSISTED FRIENDLY PAIRING'
11 Aug 22
https://patentcenter.uspto.gov/#!/applications/17077904/ifw/docs
Socket Mobile: Q2 Earnings Insights
28 Jul 22
Socket Mobile (NASDAQ:SCKT) reported its Q2 earnings results on Thursday, July 28, 2022 at 04:01 PM. Here's what investors need to know about the announcement.
Socket Mobile Q2 EPS $0.01 Misses $0.08 Estimate, Sales $6.05M Miss $7.44M Estimate
28 Jul 22
Socket Mobile (NASDAQ:SCKT) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.08 by 87.5 percent. This is a 96.3 percent decrease over earnings of $0.27 per share from the
Earnings Scheduled For July 28, 2022
28 Jul 22
Socket Mobile Earnings Preview
27 Jul 22

Press releases

From Benzinga Pro
Socket Mobile Reports Second Quarter and Six-Months 2022 Results
28 Jul 22
FREMONT, Calif., July 28, 2022 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ:SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are
Socket Mobile Appoints Laura Weinstein to Board of Directors
26 Jul 22
FREMONT, Calif., July 26, 2022 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ:SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced the appointment of Laura Weinstein to
Socket Mobile Announces 2022 Second Quarter Results Release Date and Conference Call
20 Jul 22
FREMONT, Calif., July 20, 2022 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ:SCKT), a leading provider of data capture and delivery solutions for enhanced productivity, today announced that it will release its 2022 second
Socket Mobile Announces SocketScan S720, Linear Barcode Plus QR Code Reader
19 Jul 22
Socket Mobile's S550 Mobile Wallet Reader is a Finalist in 2022 NFC Forum Awards
21 Jun 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 May 22
11 Aug 22
31 Dec 22

Financial summary

Financial statements Chart SCKT financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.42M 5.42M 5.42M 5.42M 5.42M 5.42M
Cash burn (monthly) 224.27K (no burn) (no burn) (no burn) 150.8K (no burn)
Cash used (since last report) 981.37K n/a n/a n/a 659.91K n/a
Cash remaining 4.44M n/a n/a n/a 4.76M n/a
Runway (months of cash) 19.8 n/a n/a n/a 31.6 n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SCKT insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Laura Weinstein Common stock option Common Grant Acquire A No No 2.95 7,000 20.65K 7,000
3 Aug 22 Dunlap David W Common stock option Common Grant Acquire A No No 2.95 2,000 5.9K 111,500
29 Jul 22 Bass Charlie Common Stock Option exercise Acquire M No No 1.08 20,000 21.6K 1,158,751
29 Jul 22 Bass Charlie Common stock option Common Option exercise Dispose M No No 1.08 20,000 21.6K 188,500
15 Jun 22 Dunlap David W Common stock option Common Grant Acquire A No No 3.05 5,000 15.25K 109,500
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

SCKT institutional ownership history Ownership history
2.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 20 25 -20.0%
Opened positions 3 8 -62.5%
Closed positions 8 1 +700.0%
Increased positions 2 5 -60.0%
Reduced positions 8 3 +166.7%
13F shares Current Prev Q Change
Total value 41.88M 2.25M +1759.9%
Total shares 686.19K 782.5K -12.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Rogers Roy L 229.89K $0 0.0%
Vanguard 121.43K $487K 0.0%
Dimensional Fund Advisors 77.35K $310K -2.7%
Acadian Asset Management 55.18K $219K -4.6%
MS Morgan Stanley 46.43K $186K +1327.4%
Geode Capital Management 39.78K $159K 0.0%
Renaissance Technologies 38.29K $154K -57.9%
STT State Street 22.9K $92K +1.8%
BLK Blackrock 15.97K $64K -4.6%
Avantax Advisory Services 15K $60K NEW
Largest transactions Shares Bought/sold Change
Renaissance Technologies 38.29K -52.61K -57.9%
MS Morgan Stanley 46.43K +43.18K +1327.4%
Two Sigma Securities 0 -22.8K EXIT
VIRT Virtu Financial 0 -22.73K EXIT
CSS 0 -21.5K EXIT
Stratos Wealth Partners 0 -20K EXIT
Two Sigma Investments 0 -15.16K EXIT
Avantax Advisory Services 15K +15K NEW
Exane Derivatives 10K +10K NEW
UBS UBS Group AG - Registered Shares 2.53K -3.19K -55.8%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Sonim

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
New words: announced, CA, CaptureSDK, challenged, choice, device, diverse, flexible, free, freight, Fremont, geopolitical, member, military, quick, retired, Russia, seamlessly, SocketCam, stay, Ukraine, version, withholding
Removed: administration, annually, attributed, charge, comparing, convert, cumulative, drawn, eliminate, exist, impairment, improvement, improving, innovator, leadership, measuring, overhead, percent, professional, registration, rent, shelf, Simplifying, Step, unit, website
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
16 May 22
10-K
2021 FY
Annual report
31 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
13 Aug 21
10-Q
2021 Q1
Quarterly report
14 May 21
10-K
2020 FY
Annual report
23 Mar 21
10-Q
2020 Q3
Quarterly report
16 Nov 20
10-Q
2020 Q2
Quarterly report
12 Aug 20
10-Q
2020 Q1
Quarterly report
15 May 20
10-K
2019 FY
Annual report
26 Mar 20
Current reports
View all
8-K
Results of Operations and Financial Condition
28 Jul 22
8-K
Departure of Directors or Certain Officers
26 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 22
8-K
Results of Operations and Financial Condition
28 Apr 22
8-K
Results of Operations and Financial Condition
16 Feb 22
8-K
Results of Operations and Financial Condition
21 Oct 21
8-K
Results of Operations and Financial Condition
22 Jul 21
8-K
DAVE hOLMES JOINS SOCKET MOBILE AS CHIEF BUSINESS OFFICER
18 May 21
8-K
Submission of Matters to a Vote of Security Holders
14 May 21
8-K
Results of Operations and Financial Condition
22 Apr 21
Registration and prospectus
View all
S-8
Registration of securities for employees
8 Jun 21
S-3
Shelf registration
12 Apr 21
424B4
Prospectus supplement with pricing info
31 Mar 21
S-3/A
Shelf registration (amended)
23 Mar 21
S-3
Shelf registration
8 Mar 21
424B4
Prospectus supplement with pricing info
12 Nov 20
S-3/A
Shelf registration (amended)
11 Nov 20
S-3
Shelf registration
5 Nov 20
D
$1.53M in debt, sold $1.53M, 8 investors
10 Sep 20
SC TO-I/A
Issuer tender offer statement (amended)
3 Sep 19
Proxies
View all
DEF 14A
Definitive proxy
25 Apr 22
DEF 14A
Definitive proxy
24 Mar 21
DEFC14A
Proxy in contested situation
23 Mar 21
DEFC14A
Proxy in contested situation
26 Mar 20
DEF 14A
Definitive proxy
28 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEF 14A
Definitive proxy
20 Apr 17
DEF 14A
Definitive proxy
23 Mar 16
DEF 14A
Definitive proxy
23 Mar 16
DEF 14A
Definitive proxy
9 Apr 15
Other
View all
EFFECT
Notice of effectiveness
20 Apr 21
UPLOAD
Letter from SEC
15 Apr 21
CORRESP
Correspondence with SEC
14 Apr 21
EFFECT
Notice of effectiveness
26 Mar 21
UPLOAD
Letter from SEC
15 Mar 21
EFFECT
Notice of effectiveness
13 Nov 20
UPLOAD
Letter from SEC
11 Nov 20
EFFECT
Notice of effectiveness
6 Sep 17
CORRESP
Correspondence with SEC
4 Sep 17
UPLOAD
Letter from SEC
27 Aug 17
Ownership
View all
4
SOCKET MOBILE / DAVID W DUNLAP ownership change
3 Aug 22
4
SOCKET MOBILE / Laura Weinstein ownership change
3 Aug 22
3
SOCKET MOBILE / Laura Weinstein ownership change
3 Aug 22
4
SOCKET MOBILE / CHARLIE BASS ownership change
1 Aug 22
4
SOCKET MOBILE / CHARLIE BASS ownership change
16 Jun 22
4
SOCKET MOBILE / WILLIAM L. PARNELL JR ownership change
16 Jun 22
4
SOCKET MOBILE / Brenton Earl MacDonald ownership change
16 Jun 22
4
SOCKET MOBILE / Ivan Lazarev ownership change
16 Jun 22
4
SOCKET MOBILE / DAVID W DUNLAP ownership change
16 Jun 22
4
SOCKET MOBILE / KEVIN J MILLS ownership change
4 May 22

Patents

View all
Design
Cordless hand scanner
5 Jul 22
Inventors: Puay Hian Goh, James William Rebello, Vanessa Esther Lindsay, Kevin J. Mills
Utility
Accuracy-enhanced scanner
4 Jan 22
According to a technique of accuracy-enhanced scanning, a scan target is illuminated responsive to recognizing an aiming initiation action.
Utility
Assisted Aimer for Optimized Symbol Scanning by a Portable Computing Device Having an Integral Camera
30 Dec 21
An assisted aimer for rapid, accurate, and low-cost imaging of barcodes, includes a hand-held device, such as a smart phone or tablet, having a digital camera with built-in flash, a specialized software application executing on the phone, and an aimer apparatus attached in front of the flash aperture for forming an aimer beam at a predetermined distance.
Utility
Multi-mode NFC/RFID scanning
5 Oct 21
During hand-held operation, configuration of an NFC/RFID Reader/Writer peripheral device in a predefined mode named “Mobile Mode with Auto-Collection”, enables recognition of a long duration (e.g. 5 second) trigger press (AKA a “Long Press”) as an enabling event prompting a change of scan behavior between single-shot scan operation and continuous scan operation.
Utility
Host feedback of scan status
5 Oct 21
A multi-mode ring scanner (MMRS) has a ring unit for wearing on a finger.

Transcripts

View all
2022 Q2
Earnings call transcript
30 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
22 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
23 Apr 21
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
1 May 20

Reddit threads

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