SCKT - Socket Mobile Inc Stock Price, Fair Value and News

1.47USD+0.02 (+1.38%)Delayed

Market Summary

USD1.47+0.02

Delayed

1.38%

SCKT Stock Price

View Fullscreen

SCKT RSI Chart

SCKT Valuation

Market Cap

11.1M

Price/Earnings (Trailing)

-7.48

Price/Sales (Trailing)

0.63

Price/Free Cashflow

-5.82

SCKT Price/Sales (Trailing)

SCKT Profitability

Operating Margin

50.26%

Return on Equity

-7.74%

Return on Assets

-5.17%

Free Cashflow Yield

-17.18%

SCKT Fundamentals

SCKT Revenue

Revenue (TTM)

17.7M

Rev. Growth (Yr)

15.44%

Rev. Growth (Qtr)

13.17%

SCKT Earnings

Earnings (TTM)

-1.5M

Earnings Growth (Yr)

43.89%

Earnings Growth (Qtr)

-161.11%

Breaking Down SCKT Revenue

Last 7 days

14.8%

Last 30 days

41.3%

Last 90 days

33.6%

Trailing 12 Months

9.3%

How does SCKT drawdown profile look like?

SCKT Financial Health

Current Ratio

1.62

SCKT Investor Care

Shares Dilution (1Y)

5.83%

Diluted EPS (TTM)

-0.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	17.7M	0	0	0
2023	19.3M	18.3M	17.8M	17.0M
2022	24.7M	24.8M	22.2M	21.2M
2021	16.3M	19.5M	21.7M	23.2M
2020	18.8M	16.5M	15.6M	15.7M
2019	17.1M	18.0M	18.8M	19.3M
2018	6.1M	9.6M	13.0M	16.5M
2017	21.4M	22.0M	22.3M	2.6M
2016	19.4M	20.2M	20.7M	20.8M
2015	17.2M	17.3M	16.9M	18.4M
2014	15.2M	15.1M	16.8M	17.0M
2013	13.9M	14.3M	14.8M	15.7M
2012	17.4M	17.1M	15.2M	13.6M
2011	13.7M	14.4M	15.7M	17.5M
2010	0	4.8M	9.1M	13.5M
2009	0	0	0	450.0K

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Socket Mobile Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 10, 2024	bass charlie	bought	6,367	1.2735	5,000	-
May 09, 2024	bass charlie	bought	6,276	1.2553	5,000	-
May 08, 2024	bass charlie	bought	6,206	1.2412	5,000	-
May 07, 2024	bass charlie	bought	6,150	1.2301	5,000	-
May 06, 2024	bass charlie	bought	5,589	1.1179	5,000	-
May 03, 2024	bass charlie	bought	5,457	1.0915	5,000	-
Mar 15, 2024	mills kevin j	acquired	-	-	30,000	chief executive officer
Mar 15, 2024	zhao lynn	acquired	-	-	22,000	chief financial officer
Mar 15, 2024	ott leonard l	acquired	-	-	22,000	evp of engineering & cto
Mar 15, 2024	holmes david a.	acquired	-	-	25,000	chief business officer

Which funds bought or sold SCKT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	STATE STREET CORP	unchanged	-	-3,776	24,072	-%
May 15, 2024	MORGAN STANLEY	reduced	-76.9	-3,002	765	-%
May 15, 2024	BARCLAYS PLC	unchanged	-	-	-	-%
May 15, 2024	Tower Research Capital LLC (TRC)	added	1.89	-874	7,529	-%
May 15, 2024	CITADEL ADVISORS LLC	sold off	-100	-13,963	-	-%
May 14, 2024	NewEdge Advisors, LLC	unchanged	-	-5.00	36.00	-%
May 13, 2024	UBS Group AG	reduced	-89.73	-11,397	1,131	-%
May 13, 2024	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-5,756	36,694	-%
May 13, 2024	RENAISSANCE TECHNOLOGIES LLC	added	1.39	-3,000	22,000	-%
May 10, 2024	OSAIC HOLDINGS, INC.	unchanged	-	-42.00	306	-%

Are Funds Buying or Selling SCKT?

Are funds buying SCKT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SCKT

No. of Funds

Unveiling Socket Mobile Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jun 05, 2023	mills kevin j	11.7%	916,806	SC 13D
Jun 05, 2023	bass charlie	31.5%	2,771,892	SC 13D/A
Feb 16, 2021	manatuck hill partners, llc	0%	0	SC 13G/A
Sep 29, 2020	socket mobile, inc.	28.6%	1,988,582	SC 13D/A
Sep 29, 2020	bass charlie	28.6%	1,988,582	SC 13D/A
Feb 12, 2020	manatuck hill partners, llc	5.11%	306,430	SC 13G/A

Recent SEC filings of Socket Mobile Inc

View All Filings

Date Filed	Form Type	Document
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 15, 2024	8-K	Current Report
May 14, 2024	10-Q	Quarterly Report
May 14, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading

Peers (Alternatives to Socket Mobile Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.2B	57.2B	0.84%	-0.02%	14.52	3.41	7.66%	18.93%
ANET	100.2B	6.1B	23.38%	126.13%	43.8	16.49	25.22%	50.89%
HPQ	30.6B	53.1B	12.68%	1.50%	8.95	0.58	-11.04%	34.01%
HPE	23.2B	29.1B	4.87%	23.94%	11.47	0.8	2.24%	133.29%
LOGI	13.8B	4.3B	13.89%	41.09%	22.55	3.21	-5.30%	67.91%
JNPR	11.3B	5.3B	-5.04%	17.70%	50.26	2.11	-2.96%	-55.26%
MID-CAP
UI	8.8B	1.9B	37.99%	-15.28%	25.3	4.63	1.03%	-11.76%
BDC	3.8B	2.4B	13.60%	9.12%	21.17	1.58	-8.79%	-36.23%
LITE	3.1B	1.4B	9.65%	-2.83%	-8.78	2.19	-21.81%	-865.12%
SMALL-CAP
EXTR	1.5B	1.2B	4.94%	-36.59%	-239.63	1.24	-0.19%	-110.91%
AAOI	456.4M	205.3M	-2.09%	570.29%	-7.25	2.22	-8.19%	5.55%
ADTN	417.7M	1.1B	13.55%	-38.68%	-0.76	0.4	-12.01%	-1246.95%
ALOT	135.5M	148.1M	4.92%	16.09%	28.87	0.92	3.90%	76.40%
AIRG	56.5M	53.8M	-4.90%	-	-4.7	1.05	-28.06%	-33.67%
AKTS	34.5M	29.9M	-30.00%	-88.82%	-0.45	1.16	39.86%	-24.01%

Socket Mobile Inc News

Latest updates

Socket Mobile Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	13.2%	4,978	4,398	3,206	5,117	4,312	5,171	3,728	6,046	6,293	6,114	6,319	5,953	4,813	4,656	4,109	2,715	4,221	4,584	4,980	5,060	4,629
Cost Of Revenue	19.0%	2,473	2,078	1,788	2,466	2,240	2,623	2,073	3,010	3,165	2,930	2,896	2,698	2,239	2,179	1,835	1,353	1,997	2,149	2,344	2,430	2,229
Gross Profit	7.9%	2,505	2,321	1,418	2,652	2,072	2,548	1,655	3,036	3,128	3,185	3,423	3,255	2,574	2,476	2,273	1,362	2,224	2,435	2,636	2,630	2,400
Operating Expenses	6.9%	2,990	2,796	2,817	2,943	3,028	2,700	2,602	2,846	2,664	2,497	2,469	2,441	2,332	1,948	6,252	2,171	2,315	2,223	2,507	2,412	2,353
S&GA Expenses	2.8%	1,031	1,003	1,002	1,005	1,007	909	865	964	900	820	788	734	660	700	658	722	768	703	785	771	756
R&D Expenses	1.7%	1,208	1,188	1,206	1,190	1,247	1,089	1,096	1,121	1,054	1,047	1,014	972	931	719	681	860	881	987	1,015	997	894
Interest Expenses	82.5%	-72.24	-411	76.00	55.00	38.00	-308	43.00	45.00	46.00	100	50.00	-51.43	49.00	46.00	24.00	8.00	19.00	17.00	26.00	29.00	29.00
Income Taxes	-100.0%	-	1,294	150	166	-	592	116	40.00	76.00	1,642	260	1,864	489*	51.00	-800*	-	-	297	-9.61	-68.75	7.00
Net Income	-161.1%	-557	912	-1,324	-512	-993	515	-874	104	342	993	644	2,627	203	1,583	-4,002	-768	-90.33	61.00	94.00	120	12.00
Net Income Margin	25.6%	-0.08*	-0.11*	-0.13*	-0.10*	-0.06*	0.00*	0.03*	0.08*	0.19*	0.19*	0.23*	0.02*	-0.18*	-0.21*	-	-	-	-	-	-	-
Free Cashflow	-22.5%	-151	-123	-359	-1,271	-360	-353	-979	626	-587	832	474	18.00	128	256	-	-	-	-	-	-	-

Balance Sheet

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Balance Sheet																					(In Thousands)
Description	(%) Q/Q	2024Q4	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	0.3%	28,741	28,662	28,741	27,306	29,311	27,928	28,598	28,197	30,891	25,893	25,575	23,623	23,021	20,595	15,609	15,208	18,121	19,635	19,458	19,282	19,294
Current Assets	-2.8%	10,699	11,001	10,699	11,046	13,171	11,948	12,769	12,982	15,860	14,724	14,381	13,244	12,362	11,660	7,936	7,992	6,360	7,776	7,521	7,134	7,151
Cash Equivalents	2.0%	2,827	2,772	2,827	3,094	3,431	2,963	3,623	4,237	5,588	5,423	6,096	5,353	4,920	4,961	2,122	1,775	927	1,143	959	881	1,016
Inventory	-0.1%	5,409	5,413	5,409	5,529	5,509	5,660	5,602	6,150	5,888	5,214	5,155	4,435	4,020	3,725	3,196	3,362	3,254	3,295	3,179	2,528	2,395
Net PPE	8.5%	3,033	2,796	3,033	2,558	2,413	1,962	1,657	1,532	1,320	1,045	1,069	951	855	858	848	835	852	883	865	817	680
Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,427	4,427	4,427	4,427	4,427
Liabilities	-1.9%	9,321	9,503	9,321	8,931	9,911	8,478	8,276	8,501	10,335	5,357	5,529	5,344	5,654	6,093	4,436	6,377	5,490	6,367	6,224	6,259	6,499
Current Liabilities	-4.4%	6,500	6,799	6,500	5,985	6,844	5,290	4,972	5,080	6,804	5,336	5,389	5,076	5,258	5,438	4,149	5,587	4,235	5,728	5,468	5,389	5,434
Shareholder's Equity	1.4%	19,420	19,159	19,420	18,375	19,400	19,449	20,322	19,696	20,556	20,536	20,046	18,279	17,368	14,503	11,173	8,832	12,631	13,267	13,785	13,023	12,795
Retained Earnings	1.1%	-47,932	-48,489	-47,932	-48,844	-47,519	-47,006	-46,013	-46,528	-45,654	-45,758	-46,100	-47,643	-48,287	-50,914	-50,566	-52,699	-48,697	-47,929	-47,838	-47,899	-47,993
Additional Paid-In Capital	-0.4%	68,383	68,679	68,383	68,251	67,950	67,487	67,158	66,871	66,581	66,287	66,140	65,915	65,648	65,410	61,734	61,526	61,322	61,191	61,067	60,916	60,783
Accumulated Depreciation	-6.3%	3,300	3,520	3,300	3,160	2,939	2,752	2,591	3,680	3,542	3,392	3,278	3,296	3,138	2,994	2,851	2,835	2,699	2,631	2,667	2,627	2,556
Shares Outstanding	-100.0%	-	7,547	7,336	7,323	7,308	7,130	7,090	7,153	7,220	7,234	7,184	6,928	6,808	7,125	6,103	-	-	-	-	-	-
Float	-	-	-	-	-	8,421	-	-	-	18,377	-	-	-	35,357	7,361	-	-	-	-	-	-	10,788

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-116.6%	-94.89	571	6.00	-633	106	-81.23	-628	1,051	-452	961	733	159	291	418	142	295	-50.79	366	645	269	-406
Share Based Compensation	-1.2%	273	276	278	306	296	263	260	252	223	189	184	172	149	114	130	131	132	128	133	137	122
Cashflow From Investing	102.4%	16.00	-694	-365	-637	-466	-272	-350	-425	-134	-128	-258	-141	-163	-161	-118	-101	-154	-165	-249	-87.14	-100
Cashflow From Financing	116.6%	24.00	-143	23.00	1,739	-299	-260	-371	-460	-85.47	-89.25	-41.50	-59.29	2,712	91.00	824	-409	389	-122	-529	-95.18	351
Buy Backs	-100.0%	-	417	-	-416	208	1,483	-275	-377	-	4.00	-	-1.18	-	17.00	-	471*	-8.50	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

SCKT Income Statement

2024-03-31

Condensed Statements of Operations - USD ($)	3 Months Ended
Condensed Statements of Operations - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 4,977,797	$ 4,312,178
Cost of revenues	2,473,040	2,239,691
Gross profit	2,504,757	2,072,487
Operating expenses:
Research and development	1,208,082	1,247,119
Sales and marketing	1,031,271	1,006,792
General and administrative	750,579	773,988
Total operating expenses	2,989,932	3,027,899
Operating loss	(485,175)	(955,412)
Interest expense, net	(72,240)	(38,008)
Net loss before income taxes	(557,415)	(993,420)
Income tax expense
Net loss	$ (557,415)	$ (993,420)
Net loss per share:
Basic	$ (0.07)	$ (0.12)
Diluted	$ (0.07)	$ (0.12)
Weighted average shares outstanding:
Basic	7,441,745	7,106,746
Diluted	7,441,745	7,106,746

SCKT Balance Sheet

2024-03-31

Condensed Balance Sheets - USD ($)	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 2,826,630	$ 2,771,848	$ 2,826,630
Accounts receivable, net	1,699,696	2,073,041
Inventories, net	5,409,047	5,413,426	5,409,047
Prepaid expenses and other current assets	440,730	380,208
Deferred cost on shipments to distributors	322,580	362,914	322,580
Total current assets	10,698,683	11,001,437
Property and equipment:
Machinery and office equipment	2,700,759	2,669,429
Computer equipment	3,631,945	3,646,916
	6,332,704	6,316,345
Accumulated depreciation	(3,299,503)	(3,519,975)
Property and equipment, net	3,033,201	2,796,370
Intangible assets, net	1,559,369	1,527,545
Other long-term assets	249,715	248,714
Deferred tax assets	10,112,419	10,112,419
Operating lease right-of-use asset	3,088,087	2,975,526	3,088,087
Total assets	28,741,474	28,662,011
Current liabilities:
Accounts payable and accrued expenses	1,605,231	1,749,116
Accrued payroll and related expenses	579,974	636,464
Deferred revenue on shipments to distributors	825,670	911,630	825,670
Short term portion of deferred service revenue	19,885	19,767
Subordinated convertible notes payable, net of discount	150,000	150,000
Subordinated convertible notes payable, net of discount-related party	2,835,864	2,837,326
Operating lease – current portion	483,161	494,390
Total current liabilities	6,499,785	6,798,693
Long-term portion of deferred service revenue	12,813	13,945
Long-term portion of operating lease	2,808,872	2,690,334
Total liabilities	9,321,470	9,502,972
Commitments and contingencies
Stockholders’ equity:
Common Stock, Value, Issued		7,547	7,336
Additional paid-in capital	68,383,230	68,679,469
Treasury stock	(1,037,988)	(1,037,988)
Accumulated deficit	(47,932,574)	(48,489,989)
Total stockholders’ equity	19,420,004	19,159,039	$ 19,420,004
Total liabilities and stockholders’ equity	$ 28,741,474	$ 28,662,011

About Socket Mobile Inc

Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. The company's products are used in mobile applications in the areas of point of sale, commercial services, asset tracking, manufacturing process and quality control, transportation and logistics, event management, medical, and education. It provides cordless data capture devices that connect through Bluetooth and work with applications running on smartphones, mobile computers, and tablets. The company also offers SocketScan and DuraScan 700 series, companion scanners and 800 series, attachable scanners; and DuraSled, a barcode scanning sled that protects phones from impact damage and provides charging solutions. In addition, it provides D600, a handheld model to reads and writes various types of electronic SmartTags and transfers data with near-field communication (NFC); S550, a contactless membership card reader/writer; and S370 product that supports barcode scanning, and NFC reading and writing technologies. Further, the company offers SocketCam C820, a software-based barcode scanner; software developer kits, such as CaptureSDK that enables the App providers to modify captured data, control the placement of the barcoded or RFID data in their applications, and control the feedback to the user. It serves retail, commercial, industrial, manufacturing, transportation, and logistics industries through a network of distributors, online resellers, and application providers, as well as online stores. The company was formerly known as Socket Communications, Inc. and changed its name to Socket Mobile, Inc. in April 2008. Socket Mobile, Inc. was founded in 1992 and is headquartered in Fremont, California.

CEO	Mr. Kevin J. Mills
WEBSITE	socketmobile.com
INDUSTRY	Computer Hardware
EMPLOYEES	56

Socket Mobile Inc Frequently Asked Questions

What is the ticker symbol for Socket Mobile Inc? What does SCKT stand for in stocks?

SCKT is the stock ticker symbol of Socket Mobile Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Socket Mobile Inc (SCKT)?

As of Fri May 17 2024, market cap of Socket Mobile Inc is 11.09 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SCKT stock?

You can check SCKT's fair value in chart for subscribers.

What is the fair value of SCKT stock?

You can check SCKT's fair value in chart for subscribers. The fair value of Socket Mobile Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Socket Mobile Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SCKT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Socket Mobile Inc a good stock to buy?

The fair value guage provides a quick view whether SCKT is over valued or under valued. Whether Socket Mobile Inc is cheap or expensive depends on the assumptions which impact Socket Mobile Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SCKT.

What is Socket Mobile Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SCKT's PE ratio (Price to Earnings) is -7.48 and Price to Sales (PS) ratio is 0.63. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SCKT PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Socket Mobile Inc's stock?

In the past 10 years, Socket Mobile Inc has provided 0.022 (multiply by 100 for percentage) rate of return.