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Stock impact report

Socket Mobile reports results for the quarter and six months ended June 30, 2018

Socket Mobile, Inc. (SCKT) 
Company Research Source: PR Newswire
NEWARK, Calif., July 26, 2018 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading innovator of data capture and delivery solutions for enhanced productivity, today reported financial results for the three and six months ended June 30, 2018. Revenue for the second quarter of 2018 was $4.2 million, a decrease of 28 percent over revenue of $5.8 million for the same quarter a year ago and an increase of five percent sequentially from revenue of $4.0 million in the immediately preceding quarter.  Revenue for the six months ended June 30, 2018 was $8.2 million, a decrease of 28 percent compared to revenue of $11.4 million for the same period a year ago.  Revenue in 2017 included shipments of large cordless barcode scanner orders to two customers of $0.7 million and $1.9 million for the three and six month periods ended June 30, 2017, respectively, whereas shipments in the first half of 2018 were primarily fulfilling smaller unit orders. Net loss for the second quarter of 2018 was Show less Read more
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