Socket Mobile Past Earnings Performance
Past criteria checks 0/6
Socket Mobile's earnings have been declining at an average annual rate of -8.2%, while the Tech industry saw earnings growing at 38.2% annually. Revenues have been growing at an average rate of 1.2% per year.
Key information
-8.2%
Earnings growth rate
-5.4%
EPS growth rate
| Tech Industry Growth | 14.3% |
| Revenue growth rate | 1.2% |
| Return on equity | -8.4% |
| Net Margin | -8.9% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt
Aug 05
There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise
May 21Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?
Oct 22Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital
Jan 12Socket Mobile updates barcode scanners to support iOS 16
Sep 26We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease
Sep 20Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing
Jun 08Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)
May 03Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?
Feb 11Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled
Dec 01Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings
Nov 19Socket Mobile: An Amazing Economy Re-Opening Play
Sep 27Socket Mobile's (NASDAQ:SCKT) Returns On Capital Not Reflecting Well On The Business
Aug 30Socket Mobile: An Asset Light Undervalued Powerhouse
Jul 15Socket Mobile skyrockets on contactless reader clearing Google Wallet Certification
Nov 18Socket Mobile launches Durasled for iPhone SE 2020
Nov 04Socket Mobile share jumps 40% PM on SocketScan achieving Apple Pay compatibility
Oct 28Revenue & Expenses Breakdown
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 |
|---|---|---|---|---|
| 30 Jun 24 | 18 | -2 | 7 | 5 |
| 31 Mar 24 | 18 | -1 | 7 | 5 |
| 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 |
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 8.2% 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 (31.4%).
Return on Equity
High ROE: SCKT has a negative Return on Equity (-8.38%), as it is currently unprofitable.