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Stock impact report

Socket Mobile Reports Results for the Third Quarter and Nine Months ended September 30, 2018

Socket Mobile, Inc. (SCKT) 
Company Research Source: PR Newswire
NEWARK, Calif., Oct. 25, 2018 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading innovator of data capture and delivery solutions for enhanced productivity, today reported financial results for its 2018 third quarter and nine months ended September 30, 2018. Revenue for the third quarter of 2018 was $4.1 million, a decrease of 24 percent compared to revenue of $5.5 million for the same quarter a year ago. Cordless barcode scanner revenue was $4.1 million for the third quarter of 2018, a decrease of 19 percent over the same quarter a year ago. Net loss for the third quarter of 2018 was $45,000 or a loss of $0.01 per share, compared to net income of $414,000, or $0.07 per share a year ago. Gross profit margins for the third quarter of 2018 were 52.6 percent, compared to margins of 55.6 percent for the third quarter a year ago. Non-cordless products and services in the third quarter of 2017 increased quarterly margins by 2.0 percent.Operating expenses for the third quarter of Show less Read more
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