Socket Mobile Full Year 2024 Earnings: US$0.30 loss per share (vs US$0.27 loss in FY 2023)

Socket Mobile (NASDAQ:SCKT) Full Year 2024 Results

Key Financial Results

• Revenue: US$18.8m (up 10% from FY 2023).
• Net loss: US$2.24m (loss widened by 17% from FY 2023).
• US$0.30 loss per share (further deteriorated from US$0.27 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$13.9m (74% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$4.72m (40% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$220.2k. Explore how SCKT's revenue and expenses shape its earnings.

Socket Mobile shares are down 5.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Socket Mobile has 2 warning signs we think you should be aware of.

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