Socket Mobile, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 4.31 million compared to USD 6.29 million a year ago. Net loss was USD 0.993 million compared to net income of USD 0.342 million a year ago.

Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.