Socket Mobile, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:05 pm EDT
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Socket Mobile, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 5.12 million compared to USD 6.05 million a year ago. Net loss was USD 0.513 million compared to net income of USD 0.104 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 9.43 million compared to USD 12.34 million a year ago. Net loss was USD 1.51 million compared to net income of USD 0.446 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to diluted earnings per share from continuing operations of USD 0.05 a year ago.
Socket Mobile, Inc. is a provider of data capture and delivery solutions designed to enhance workplace productivity. The Company's solutions are incorporated into mobile applications used in point of sale (POS), commercial services (field workers), asset tracking, manufacturing and quality control processes, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The Company's primary products are cordless data capture devices incorporating barcode scanning or RFID/Near Field Communications (NFC) technologies that connect over Bluetooth. Its product categories include XtremeScan family, SocketCam family, DuraScan Family, SocketScan family, DuraSled Family, and Software Developer Kit (CaptureSDK). The Company's products work with applications running on smartphones, mobile computers and tablets using operating systems from Apple (iOS), Google (Android) and Microsoft (Windows).
SOCKET MOBILE, INC. 
