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Stock impact report

Socket Mobile Reports Fourth Quarter 2023 and Full Year Results [Yahoo! Finance]

Socket Mobile, Inc. (SCKT) 
Company Research Source: Yahoo! Finance
enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and twelve months ended December 31, 2023 Fourth Quarter 2023 Financial Highlights: Revenue of $4.4 million , a 15% decrease compared to $5.2 million in the comparable prior year quarter and a 37% increase sequentially compared to $3.7 million in Q3 2023. Gross margin of 52.8% compared with 49.3% in the prior year quarter and 44.2% in the preceding quarter. Operating loss was compared to an operating loss of a year ago and an operating loss of in the preceding quarter. Diluted earnings per share of compared to diluted earnings per share of a year ago and a net loss per share of in the prior quarter. Full Year 2023 Financial Highlights: Revenue for the full year of 2023 was $17.0 million versus $21.2 million in 2022, a decrease of 20% year-over-year. Gross margin for 2023 was 49.7% c Show less Read more
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