Socket Mobile, Inc.

NasdaqCM:SCKT Stock Report

Market Cap: US$11.3m

Socket Mobile Past Earnings Performance

Past criteria checks 0/6

Socket Mobile's earnings have been declining at an average annual rate of -10.8%, while the Tech industry saw earnings growing at 21.8% annually. Revenues have been growing at an average rate of 0.6% per year.

Key information

-10.8%

Earnings growth rate

-7.4%

EPS growth rate

Tech Industry Growth14.3%
Revenue growth rate0.6%
Return on equity-7.6%
Net Margin-7.5%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Socket Mobile, Inc.'s (NASDAQ:SCKT) 27% Share Price Surge Not Quite Adding Up

Nov 21
Socket Mobile, Inc.'s (NASDAQ:SCKT) 27% Share Price Surge Not Quite Adding Up

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Aug 05
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

May 21
There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Oct 22
Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Jan 12
Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Socket Mobile updates barcode scanners to support iOS 16

Sep 26

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

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

Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing

Jun 08
Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing

Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)

May 03
Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)

Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?

Feb 11
Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?

Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled

Dec 01

Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings

Nov 19
Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings

Socket Mobile: An Amazing Economy Re-Opening Play

Sep 27

Socket Mobile's (NASDAQ:SCKT) Returns On Capital Not Reflecting Well On The Business

Aug 30
Socket Mobile's (NASDAQ:SCKT) Returns On Capital Not Reflecting Well On The Business

Socket Mobile: An Asset Light Undervalued Powerhouse

Jul 15

Revenue & Expenses Breakdown

How Socket Mobile makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:SCKT Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2418-175
30 Jun 2418-275
31 Mar 2418-175
31 Dec 2317-275
30 Sep 2318-275
30 Jun 2318-275
31 Mar 2319-175
31 Dec 2221064
30 Sep 2222164
30 Jun 2225264
31 Mar 2225464
31 Dec 2123464
30 Sep 2122564
30 Jun 2120053
31 Mar 2116-353
31 Dec 2016-353
30 Sep 2016-553
30 Jun 2017-154
31 Mar 2019064
31 Dec 1919064
30 Sep 1919063
30 Jun 1918063
31 Mar 1917063
31 Dec 1816-163
30 Sep 1817-363
30 Jun 1818-363
31 Mar 1820-263
31 Dec 1721-163
30 Sep 17221263
30 Jun 17221263
31 Mar 17211263
31 Dec 16211252
30 Sep 1621352
30 Jun 1620352
31 Mar 1619252
31 Dec 1518252
30 Sep 1517152
30 Jun 1517152
31 Mar 1517052
31 Dec 1417052
30 Sep 1417052
30 Jun 1415-152
31 Mar 1415-152

Quality Earnings: SCKT is currently unprofitable.

Growing Profit Margin: SCKT is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: SCKT is unprofitable, and losses have increased over the past 5 years at a rate of 10.8% per year.

Accelerating Growth: Unable to compare SCKT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SCKT is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (26.1%).


Return on Equity

High ROE: SCKT has a negative Return on Equity (-7.62%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 04:50
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Socket Mobile, Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew GalinkoSidoti & Company, LLC
Laura EngelStonegate Capital Markets, Inc.
Marco RodriguezStonegate Capital Markets, Inc.