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Socket Mobile (SCKT)
NASDAQ:SCKT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -7.38%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a positive revenue growth trend and new product line introductions, indicating potential for future growth, particularly in the industrial sector. However, challenges such as continued operating losses, delayed product deployments, and increased operating expenses were noted. Although improvements in gross margin and adjusted EBITDA suggest operational efficiencies, the financial performance still reflected some underlying challenges.Company Guidance
During the Q4 2024 earnings call, Socket Mobile, Inc. reported a 10.2% increase in annual revenue to $18.8 million, up from $17 million in 2023, with a 10% year-over-year growth in Q4 revenue to $4.8 million. The company achieved a slight improvement in gross margin, reaching 50.4% for the year compared to 49.7% in 2023. Operating expenses rose by 2.8% to $11.9 million, leading to an operating loss of $2.5 million, an improvement from the $3.1 million loss in the previous year. Adjusted EBITDA for 2024 was negative $318,000, better than the negative $1 million recorded in 2023. The company highlighted its investment in R&D, spending $4.7 million, and noted progress in expanding its market presence with the XtremeScan product line targeting industrial markets. Despite the challenges, Socket Mobile plans to leverage its partnerships and new products to drive growth and does not anticipate the need to raise additional cash in 2025.Revenue Growth
Revenue for 2024 was $18.8 million, an increase of 10% over 2023's $17 million. Q4 2024 revenue grew 10% year-over-year to $4.8 million and increased 25% sequentially from Q3 2024.
Gross Margin Improvement
Gross margin for 2024 rose to 50.4%, up from 49.7% in 2023, driven by higher production volumes. Q4 gross margin was 51% compared to 49% in Q3 2024.
Launch of XtremeScan Product Line
Introduced XtremeScan product line, designed for industrial environments, compatible with iPhone 16e, opening new customer segments in industrial, manufacturing, and other sectors.
First Long-term Commitment from a Fortune 50 Industrial Customer
Achieved a milestone with a long-term commitment from a Fortune 50 Tier 1 industrial customer, indicating potential growth in the industrial market.
Improvements in Developer and Customer Experience
Introduced a new website, developer portal, and AI-powered developer support (Alfred) to enhance the integration of Capture SDK into mobile apps.
Adjusted EBITDA Improvement
Adjusted EBITDA for 2024 was negative $318,000, improving from negative $1 million in 2023. Q4 adjusted EBITDA was $138,000, up from $52,000 in Q4 2023 and a $505,000 loss in Q3 2024.
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SCKT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SCKT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $1.22 | $1.20 | -1.64% |
| Oct 24, 2024 | $1.24 | $1.13 | -8.87% |
| Jul 31, 2024 | $1.13 | $1.07 | -5.31% |
| May 01, 2024 | $1.08 | $1.08 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Socket Mobile (SCKT) report earnings?
Socket Mobile (SCKT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Socket Mobile (SCKT) earnings time?
Socket Mobile (SCKT) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCKT EPS forecast?
Currently, no data Available
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