Education
About Us
Working with TipRanks
Follow Us
Socket Mobile (SCKT)
:SCKT
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -8.53%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant challenges, including a substantial revenue decline, increased operating loss, and decreased EBITDA. However, strategic investments in industrial markets, new product launches, and enhanced developer support provide optimism for future growth and diversification. The renewal of the credit line adds financial flexibility.Company Guidance
During Socket Mobile, Inc.'s Q1 2025 earnings call, the company reported a revenue of $4 million, marking a 20% decline from Q1 2024. The gross margin slightly decreased to 50.4% from 51% in the previous year. The company faced an operating loss of $900,000, up from a $500,000 loss in Q1 2024, and an adjusted EBITDA loss of $485,000 compared to a positive EBITDA of $40,000 in the prior year. Despite these challenges, the company noted positive developments in the industrial sector, with significant interest and purchase orders from a Fortune 50 industrial customer. Additionally, the launch of the Xtreme iXG and iXS Series, targeting the $27 billion mobile handheld computing market, aims to diversify their business beyond retail. Socket Mobile ended the quarter with a cash balance of $1.7 million and renewed their $3 million domestic bank credit line, ensuring financial flexibility.Industrial Segment Expansion
Investments in the industrial scanning and handheld computing markets are starting to bear fruit with purchase orders from a Fortune 50 Tier 1 industrial customer. This diversification helps reduce dependency on the retail segment.
Launch of Xtreme iXG and iXS Series
New product line powered by iOS, integrating high-performance long-range barcode scanning with iPhone 16e, targeting the $27 billion mobile handheld computing market.
AI-Powered Developer Support
Introduction of Alfred, an AI-powered developer support assistant, providing multilingual support for integrating CaptureSDK, enhancing partner support and experience.
Renewed Domestic Credit Line
Renewal of a $3 million domestic bank credit line, maturing in April 2026, providing financial flexibility with no current outstanding draws.
SCKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SCKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $1.29 | $1.21 | -6.20% |
Feb 25, 2025 | $1.22 | $1.20 | -1.64% |
Oct 24, 2024 | $1.24 | $1.13 | -8.87% |
Jul 31, 2024 | $1.13 | $1.07 | -5.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Socket Mobile (SCKT) report earnings?
Socket Mobile (SCKT) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Socket Mobile (SCKT) earnings time?
Socket Mobile (SCKT) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCKT EPS forecast?
Currently, no data Available