founded in 1992, socket mobile is a leading innovator of data capture and delivery solutions for enhanced productivity in retail point of sale, field service, healthcare, and other mobile markets. socket mobile’s revenue is primarily driven by the deployment of third party barcode enabled mobile applications that integrate socket mobile’s cordless barcode scanners. socket mobile has a robust network of several thousand application developers registered to use its software developer’s kit to add sophisticated barcode scanning to mobile applications. socket mobile is headquartered in newark, calif. and can be reached at +1-510-933-3000 or socketmobile.com. social media links: twitter: @socketmobile youtube: http://www.youtube.com/socketmobile facebook: http://www.facebook.com/socketmobile blog: http://sockettalk.socketmobile.com
Company profile
Ticker
SCKT
Exchange
Website
CEO
Kevin Mills
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SOCKET COMMUNICATIONS INC
SEC CIK
Corporate docs
IRS number
943155066
SCKT stock data
Latest filings (excl ownership)
D
$1.00 mm in debt, sold $1.00 mm
27 Aug 24
8-K
Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.0 Million
22 Aug 24
8-K
Entry into a Material Definitive Agreement
15 Aug 24
8-K
Socket Mobile Appoints Alexis Hartmann, Key SaaS Expert, to Board of Directors
14 Aug 24
10-Q
2024 Q2
Quarterly report
13 Aug 24
8-K
Socket Mobile Reports Second Quarter 2024 Results
31 Jul 24
SC TO-I/A
Issuer tender offer statement (amended)
26 Jun 24
SC TO-I/A
Issuer tender offer statement (amended)
11 Jun 24
SC TO-I
Issuer tender offer statement
28 May 24
8-K
Submission of Matters to a Vote of Security Holders
15 May 24
Transcripts
SCKT
Earnings call transcript
2024 Q2
31 Jul 24
SCKT
Earnings call transcript
2024 Q1
1 May 24
SCKT
Earnings call transcript
2023 Q4
5 Mar 24
SCKT
Earnings call transcript
2023 Q3
27 Oct 23
SCKT
Earnings call transcript
2023 Q2
2 Aug 23
SCKT
Earnings call transcript
2023 Q2
2 Aug 23
SCKT
Earnings call transcript
2023 Q1
27 Apr 23
SCKT
Earnings call transcript
2022 Q4
22 Feb 23
SCKT
Earnings call transcript
2022 Q3
29 Oct 22
SCKT
Earnings call transcript
2022 Q2
30 Jul 22
Latest ownership filings
4
CHARLIE BASS
3 Sep 24
4
CHARLIE BASS
28 Aug 24
SC 13D
SOCKET MOBILE / SOCKET MOBILE ownership change
27 Aug 24
4
WILLIAM L. PARNELL JR
26 Aug 24
4
CHARLIE BASS
26 Aug 24
4
Alexis Hartmann
23 Aug 24
SC 13D/A
BASS CHARLIE
23 Aug 24
4
CHARLIE BASS
22 Aug 24
4
WILLIAM L. PARNELL JR
22 Aug 24
4
Eric Glaenzer
22 Aug 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.12 mm | 2.12 mm | 2.12 mm | 2.12 mm | 2.12 mm | 2.12 mm |
Cash burn (monthly) | 218.31 k | 109.51 k | 178.38 k | 241.20 k | 181.18 k | 5.14 k |
Cash used (since last report) | 819.76 k | 411.21 k | 669.83 k | 905.70 k | 680.33 k | 19.30 k |
Cash remaining | 1.30 mm | 1.71 mm | 1.45 mm | 1.21 mm | 1.44 mm | 2.10 mm |
Runway (months of cash) | 5.9 | 15.6 | 8.1 | 5.0 | 7.9 | 408.1 |
Institutional ownership, Q2 2024
4.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 8 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 104.51 mm |
Total shares | 373.63 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Rogers Roy L | 229.89 k | $0.00 |
Acadian Asset Management | 47.02 k | $49.00 k |
Geode Capital Management | 39.03 k | $42.16 mm |
Renaissance Technologies | 24.10 k | $26.03 mm |
Stratos Wealth Partners | 20.00 k | $21.60 mm |
MV Capital Management | 12.54 k | $13.55 mm |
Geneos Wealth Management | 1.00 k | $1.08 mm |
FITB Fifth Third Bancorp | 50.00 | $54.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.1994 | 10,000 | 11.99 k | 1,476,651 |
29 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.2027 | 10,000 | 12.03 k | 1,466,651 |
28 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.1848 | 10,000 | 11.85 k | 1,456,651 |
27 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.1732 | 10,000 | 11.73 k | 1,446,651 |
26 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.1012 | 10,000 | 11.01 k | 1,436,651 |
26 Aug 24 | Parnell William L. JR | Common Stock | Buy | Acquire P | No | No | 1.1029 | 10,000 | 11.03 k | 32,000 |
23 Aug 24 | Bass Charlie | Common Stock | Buy | Acquire P | No | No | 1.015 | 10,000 | 10.15 k | 1,426,651 |
23 Aug 24 | Parnell William L. JR | Common Stock | Buy | Acquire P | No | No | 1.0216 | 4,000 | 4.09 k | 22,000 |
22 Aug 24 | Alexis Hartmann | Common Stock | Grant | Acquire A | No | No | 0 | 5,250 | 0.00 | 5,250 |
News
Reported Earlier: 'Socket secures $40M to combat next-generation software supply chain attacks led by industry titans Abstract Ventures, Elad Gil, and a16z'
22 Oct 24
ThredUp And 2 Other Penny Stocks Executives Are Buying
4 Sep 24
Socket Mobile Q2 EPS $(0.08) Misses $(0.05) Estimate, Sales $5.08M Down From $5.12M YoY
31 Jul 24
Press releases
Socket Mobile Announces Third Quarter 2024 Results Release Date and Conference Call
17 Oct 24
Socket Mobile Expands XtremeScan Family, Now Compatible with iPhone 16
30 Sep 24
Socket Mobile Announces CaptureSDK Support for iOS 18
24 Sep 24
Socket Mobile Strengthens Balance Sheet with a Secured Subordinated Convertible Note Financing of $1.0 Million
22 Aug 24
Socket Mobile Launches SocketScan S320 Countertop QR Code Payment Reader
21 Aug 24