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Socket Mobile (SCKT)
NASDAQ:SCKT
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 20.16%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there are significant achievements in revenue growth, gross margin improvement, and product innovations, challenges remain with continued operating losses, negative EBITDA, and project delays. The company is optimistic about profitability by 2025 due to investments in new products.Company Guidance
During the Q3 2024 earnings call for Socket Mobile Inc., the executives provided guidance on several key metrics and strategic initiatives. The company reported a 21% increase in revenue to $3.9 million compared to the same quarter last year, despite experiencing an operating loss of $1 million and being EBITDA negative by approximately $500,000. Gross margin improved to 49% from 44% in Q3 2023. They also highlighted a $2.2 million backlog entering Q4 and noted investments in innovation, particularly in their XtremeScan and SocketCam technologies. These products are expected to diversify their customer base and create recurring revenue streams. A $1 million convertible note financing completed in August aims to support market expansion in the industrial sector. The executives anticipate a return to profitability in 2025, following significant investments in new product areas.Revenue Increase
Q3 revenue was $3.9 million, a 21% increase compared to $3.2 million for Q3 2023.
Gross Margin Improvement
Gross margin increased to 49% in Q3 from 44% in the prior year's quarter.
XtremeScan Product Launch
Introduction of XtremeScan, military-grade industrial scanners, receiving positive feedback and opening new market opportunities.
New Product Development
Completion and delivery of updated Capture SDK with support for iOS 18 and React Native version for developers.
Investment in Innovation
Ongoing progress in promoting camera-based scanning technology and expanding product reach with SocketCam.
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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
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SCKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $1.24 | $1.13 | -8.87% |
| Jul 31, 2024 | $1.13 | $1.07 | -5.31% |
| May 01, 2024 | $1.08 | $1.08 | 0.00% |
| Mar 05, 2024 | $1.04 | $1.04 | 0.00% |
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.
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FAQ
When does Socket Mobile (SCKT) report earnings?
Socket Mobile (SCKT) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Socket Mobile (SCKT) earnings time?
Socket Mobile (SCKT) earnings time is at Feb 12, 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
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