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SCKT

Socket Mobile NasdaqCM:SCKT Stock Report

Last Price

US$2.13

Market Cap

US$15.2m

7D

-14.5%

1Y

-68.0%

Updated

26 Sep, 2022

Data

Company Financials
SCKT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends0/6

SCKT Stock Overview

Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally.

Socket Mobile Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Socket Mobile
Historical stock prices
Current Share PriceUS$2.13
52 Week HighUS$9.30
52 Week LowUS$2.09
Beta0.71
1 Month Change-26.55%
3 Month Change-33.02%
1 Year Change-67.97%
3 Year Change-9.36%
5 Year Change-42.28%
Change since IPO-96.52%

Recent News & Updates

Sep 26

Socket Mobile updates barcode scanners to support iOS 16

Socket Mobile (NASDAQ:SCKT) announced Monday that its entire line of barcode scanners-CaptureSDK- and NFC reader/writers are now fully compatible with iOS 16. In addition to iOS 16 compatibility, Swift Package Manager support has also been added to Socket Mobile's CaptureSDK. It is iOS's native package managing solution for Apple developers to manage, distribute, and integrate Swift Packages into an Xcode project. "Now, with iOS 16 support added to CaptureSDK, customers can find new ways to leverage the power and versatility of our barcode scanners and NFC reader/writers," commented Dave Holmes, Chief Business Officer at Socket Mobile.

Sep 20
We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...

Shareholder Returns

SCKTUS TechUS Market
7D-14.5%-2.6%-6.9%
1Y-68.0%2.4%-23.7%

Return vs Industry: SCKT underperformed the US Tech industry which returned 1.2% over the past year.

Return vs Market: SCKT underperformed the US Market which returned -23% over the past year.

Price Volatility

Is SCKT's price volatile compared to industry and market?
SCKT volatility
SCKT Average Weekly Movement5.7%
Tech Industry Average Movement7.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SCKT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SCKT's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199253Kevin Millshttps://www.socketmobile.com

Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company’s products are incorporated into mobile applications used in point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education. It provides cordless data capture devices that connect over Bluetooth and work with applications running on smartphones, mobile computers, and tablets; and software developer kits to application developers to enable them to provide their users with its advanced barcode scanning features.

Socket Mobile Fundamentals Summary

How do Socket Mobile's earnings and revenue compare to its market cap?
SCKT fundamental statistics
Market CapUS$15.20m
Earnings (TTM)US$1.90m
Revenue (TTM)US$24.77m

8.0x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SCKT income statement (TTM)
RevenueUS$24.77m
Cost of RevenueUS$12.00m
Gross ProfitUS$12.77m
Other ExpensesUS$10.87m
EarningsUS$1.90m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.27
Gross Margin51.55%
Net Profit Margin7.67%
Debt/Equity Ratio8.4%

How did SCKT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SCKT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SCKT?

Other financial metrics that can be useful for relative valuation.

SCKT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA5x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SCKT's PE Ratio compare to its peers?

SCKT PE Ratio vs Peers
The above table shows the PE ratio for SCKT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average34.1x
OSS One Stop Systems
43.4x74.8%US$64.9m
PMTS CPI Card Group
10x31.1%US$193.8m
IMMR Immersion
21x20.2%US$175.9m
KODK Eastman Kodak
62xn/aUS$372.3m
SCKT Socket Mobile
8xn/aUS$15.2m

Price-To-Earnings vs Peers: SCKT is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (34.1x).


Price to Earnings Ratio vs Industry

How does SCKT's PE Ratio compare vs other companies in the Global Tech Industry?

Price-To-Earnings vs Industry: SCKT is good value based on its Price-To-Earnings Ratio (8x) compared to the Global Tech industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is SCKT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SCKT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SCKT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SCKT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SCKT ($2.13) is trading below our estimate of fair value ($7.99)

Significantly Below Fair Value: SCKT is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Socket Mobile forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


3.5%

Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Socket Mobile has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether Socket Mobile is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Socket Mobile performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-14.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SCKT has high quality earnings.

Growing Profit Margin: SCKT's current net profit margins (7.7%) are higher than last year (1.6%).


Past Earnings Growth Analysis

Earnings Trend: SCKT's earnings have declined by 14.6% per year over the past 5 years.

Accelerating Growth: SCKT's earnings growth over the past year (504.1%) exceeds its 5-year average (-14.6% per year).

Earnings vs Industry: SCKT earnings growth over the past year (504.1%) exceeded the Tech industry 83.9%.


Return on Equity

High ROE: SCKT's Return on Equity (10.1%) is considered low.


Discover strong past performing companies

Financial Health

How is Socket Mobile's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SCKT's short term assets ($15.9M) exceed its short term liabilities ($6.8M).

Long Term Liabilities: SCKT's short term assets ($15.9M) exceed its long term liabilities ($3.5M).


Debt to Equity History and Analysis

Debt Level: SCKT has more cash than its total debt.

Reducing Debt: SCKT's debt to equity ratio has increased from 4.1% to 8.4% over the past 5 years.

Debt Coverage: SCKT's debt is well covered by operating cash flow (132%).

Interest Coverage: SCKT's interest payments on its debt are well covered by EBIT (12.1x coverage).


Balance Sheet


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Dividend

What is Socket Mobile current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Socket Mobile Dividend Yield vs Market
How does Socket Mobile dividend yield compare to the market?
SegmentDividend Yield
Company (Socket Mobile)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Tech)1.1%
Analyst forecast in 3 Years (Socket Mobile)n/a

Notable Dividend: Unable to evaluate SCKT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SCKT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SCKT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SCKT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SCKT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.5yrs

Average management tenure


CEO

Kevin Mills (61 yo)

22.5yrs

Tenure

US$479,772

Compensation

Mr. Kevin J. Mills has been the President and Chief Executive Officer of Socket Mobile, Inc. since March 2000. Mr. Mills served as the Chief Operating Officer of Socket Mobile, Inc. from September 1998 to...


CEO Compensation Analysis

Kevin Mills's Compensation vs Socket Mobile Earnings
How has Kevin Mills's remuneration changed compared to Socket Mobile's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$2m

Mar 31 2022n/an/a

US$4m

Dec 31 2021US$480kUS$278k

US$4m

Sep 30 2021n/an/a

US$5m

Jun 30 2021n/an/a

US$315k

Mar 31 2021n/an/a

-US$3m

Dec 31 2020US$338kUS$236k

-US$3m

Sep 30 2020n/an/a

-US$5m

Jun 30 2020n/an/a

-US$663k

Mar 31 2020n/an/a

US$186k

Dec 31 2019US$375kUS$278k

US$287k

Sep 30 2019n/an/a

US$63k

Jun 30 2019n/an/a

-US$76k

Mar 31 2019n/an/a

-US$334k

Dec 31 2018US$277kUS$248k

-US$571k

Sep 30 2018n/an/a

-US$3m

Jun 30 2018n/an/a

-US$3m

Mar 31 2018n/an/a

-US$2m

Dec 31 2017US$360kUS$242k

-US$1m

Sep 30 2017n/an/a

US$12m

Jun 30 2017n/an/a

US$12m

Mar 31 2017n/an/a

US$12m

Dec 31 2016US$359kUS$225k

US$12m

Sep 30 2016n/an/a

US$3m

Jun 30 2016n/an/a

US$3m

Mar 31 2016n/an/a

US$2m

Dec 31 2015US$322kUS$225k

US$2m

Compensation vs Market: Kevin's total compensation ($USD479.77K) is below average for companies of similar size in the US market ($USD780.01K).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SCKT's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: SCKT's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqCM:SCKT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
25 Feb 22BuyUS$35,465Charlie BassIndividual10,000US$3.66

Ownership Breakdown

What is the ownership structure of SCKT?
Owner TypeNumber of SharesOwnership Percentage
Institutions426,9386.0%
Individual Insiders1,567,28022.0%
General Public5,143,64972.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 27.94% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
16.23%
Charlie Bass
1,158,751$2.5m1.76%no data
2.54%
Kevin Mills
181,585$386.8k19.79%no data
1.79%
The Vanguard Group, Inc.
127,925$272.5k5.35%no data
1.26%
Lynn Zhao
89,740$191.1k27.11%no data
1.19%
Leonard Ott
84,916$180.9k31.99%no data
1.19%
Dimensional Fund Advisors LP
84,776$180.6k9.59%no data
0.71%
Acadian Asset Management LLC
50,416$107.4k-8.64%no data
0.69%
Morgan Stanley, Investment Banking and Brokerage Investments
49,117$104.6k5.78%no data
0.58%
Geode Capital Management, LLC
41,644$88.7k4.68%no data
0.54%
David Holmes
38,200$81.4k100%no data
0.33%
State Street Global Advisors, Inc.
23,600$50.3k3.06%no data
0.21%
Avantax Advisory Services, Inc.
15,000$32.0k0%no data
0.19%
Renaissance Technologies LLC
13,400$28.5k-65.01%no data
0.14%
Ellipsis Asset Management
10,000$21.3k0%0.01%
0.12%
David Dunlap
8,546$18.2k0%no data
0.078%
Ivan Lazarev
5,542$11.8k0%no data
0.033%
Tower Research Capital LLC
2,341$5.0k123.16%no data
0.078%
MV Capital Management Inc
5,542$11.8k0%no data
0.014%
Geneos Wealth Management, Inc., Asset Management Arm
1,000$2.1k0%no data
0.014%
UBS Asset Management
1,000$2.1k-60.46%no data
0.012%
Victory Capital Management Inc.
851$1.8k-0.23%no data
0.005%
BlackRock, Inc.
357$760.4-97.76%no data
0.0042%
Royal Alliance Associates, Inc., Securities Investments
300$639.00%no data
0.00055%
Wells Fargo & Company, Private Banking and Investment Banking Arm
39$83.111.43%no data
0.00042%
Barclays PLC Private Banking & Investment Banking Investment
30$63.90%no data

Company Information

Socket Mobile, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Socket Mobile, Inc.
  • Ticker: SCKT
  • Exchange: NasdaqCM
  • Founded: 1992
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: US$15.204m
  • Shares outstanding: 7.14m
  • Website: https://www.socketmobile.com

Number of Employees


Location

  • Socket Mobile, Inc.
  • 39700 Eureka Drive
  • Newark
  • California
  • 94560
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCKTNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 1995
SNB1BST (Boerse-Stuttgart)YesCommon StockDEEURJun 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.