Socket Mobile reports Q1 EPS (7c) vs. (12c) last year

Reports Q1 revenue $4.98M vs. $4.31M last year. “Our first quarter results were in line with our expectations,” said Kevin Mills, President, and Chief Executive Officer. “We were pleased with the operational improvement and expense control.” “As we look ahead, our focus remains on promoting our new products and pursuing new opportunities. We’ve made progress in promoting our camera-based scanning technology by integrating it with our app partners’ platforms, enabling their customers to scan barcodes directly into their apps and enhance productivity. We’re advocating for the adoption of our advanced version of SocketCam C860, catering to both cost-conscious and feature-conscious data capture requirements within a single application. As customers upgrade to SocketCam C860, this selection will generate a recurring revenue stream for us each month,” continued Mills.