Socket Mobile Past Earnings Performance
Past criteria checks 0/6
Socket Mobile has been growing earnings at an average annual rate of 2.9%, while the Tech industry saw earnings declining at 5.5% annually. Revenues have been growing at an average rate of 3.5% per year.
Key information
2.9%
Earnings growth rate
4.6%
EPS growth rate
| Tech Industry Growth | 13.0% |
| Revenue growth rate | 3.5% |
| Return on equity | -9.9% |
| Net Margin | -11.3% |
| Next Earnings Update | 01 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Socket Mobile makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 17 | -2 | 7 | 5 |
| 30 Sep 23 | 18 | -2 | 7 | 5 |
| 30 Jun 23 | 18 | -2 | 7 | 5 |
| 31 Mar 23 | 19 | -1 | 7 | 5 |
| 31 Dec 22 | 21 | 0 | 6 | 4 |
| 30 Sep 22 | 22 | 1 | 6 | 4 |
| 30 Jun 22 | 25 | 2 | 6 | 4 |
| 31 Mar 22 | 25 | 4 | 6 | 4 |
| 31 Dec 21 | 23 | 4 | 6 | 4 |
| 30 Sep 21 | 22 | 5 | 6 | 4 |
| 30 Jun 21 | 20 | 0 | 5 | 3 |
| 31 Mar 21 | 16 | -3 | 5 | 3 |
| 31 Dec 20 | 16 | -3 | 5 | 3 |
| 30 Sep 20 | 16 | -5 | 5 | 3 |
| 30 Jun 20 | 17 | -1 | 5 | 4 |
| 31 Mar 20 | 19 | 0 | 6 | 4 |
| 31 Dec 19 | 19 | 0 | 6 | 4 |
| 30 Sep 19 | 19 | 0 | 6 | 3 |
| 30 Jun 19 | 18 | 0 | 6 | 3 |
| 31 Mar 19 | 17 | 0 | 6 | 3 |
| 31 Dec 18 | 16 | -1 | 6 | 3 |
| 30 Sep 18 | 17 | -3 | 6 | 3 |
| 30 Jun 18 | 18 | -3 | 6 | 3 |
| 31 Mar 18 | 20 | -2 | 6 | 3 |
| 31 Dec 17 | 21 | -1 | 6 | 3 |
| 30 Sep 17 | 22 | 12 | 6 | 3 |
| 30 Jun 17 | 22 | 12 | 6 | 3 |
| 31 Mar 17 | 21 | 12 | 6 | 3 |
| 31 Dec 16 | 21 | 12 | 5 | 2 |
| 30 Sep 16 | 21 | 3 | 5 | 2 |
| 30 Jun 16 | 20 | 3 | 5 | 2 |
| 31 Mar 16 | 19 | 2 | 5 | 2 |
| 31 Dec 15 | 18 | 2 | 5 | 2 |
| 30 Sep 15 | 17 | 1 | 5 | 2 |
| 30 Jun 15 | 17 | 1 | 5 | 2 |
| 31 Mar 15 | 17 | 0 | 5 | 2 |
| 31 Dec 14 | 17 | 0 | 5 | 2 |
| 30 Sep 14 | 17 | 0 | 5 | 2 |
| 30 Jun 14 | 15 | -1 | 5 | 2 |
| 31 Mar 14 | 15 | -1 | 5 | 2 |
| 31 Dec 13 | 16 | -1 | 5 | 2 |
| 30 Sep 13 | 15 | -1 | 4 | 2 |
| 30 Jun 13 | 14 | -2 | 4 | 2 |
Quality Earnings: SNB1 is currently unprofitable.
Growing Profit Margin: SNB1 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SNB1 is unprofitable, but has reduced losses over the past 5 years at a rate of 2.9% per year.
Accelerating Growth: Unable to compare SNB1's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SNB1 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (9.9%).
Return on Equity
High ROE: SNB1 has a negative Return on Equity (-9.88%), as it is currently unprofitable.