Socket Mobile, Inc. financial data

Symbol
SCKT on Nasdaq
Industry
Electronic Computers
Location
40675 Encyclopedia Circle, Fremont, California
State of incorporation
Delaware
Fiscal year end
December 31
Former names
SOCKET COMMUNICATIONS INC (to 3/13/2008)
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 257 % +31.7%
Quick Ratio 91.5 % +30.8%
Debt-to-equity 49.3 % +10.9%
Return On Equity -7.77 % -24.5%
Return On Assets -5.2 % -20.4%
Operating Margin -15 % -54.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 7.55 M shares +5.94%
Common Stock, Shares, Outstanding 7.55 M shares +5.85%
Entity Public Float 8.42 M USD -54.2%
Common Stock, Value, Issued 7.55 K USD +5.85%
Weighted Average Number of Shares Outstanding, Basic 7.44 M shares +4.71%
Weighted Average Number of Shares Outstanding, Diluted 7.44 M shares +4.71%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 17.7 M USD -8.09%
Cost of Revenue 8.8 M USD -11.5%
Research and Development Expense 4.79 M USD +5.21%
Selling and Marketing Expense 4.04 M USD +7.9%
General and Administrative Expense 2.71 M USD -5.69%
Operating Income (Loss) -2.65 M USD -42.1%
Income Tax Expense (Benefit) 1.44 M USD +104%
Net Income (Loss) Attributable to Parent -1.48 M USD -18.8%
Earnings Per Share, Basic -0.22 USD/shares -46.7%
Earnings Per Share, Diluted -0.22 USD/shares -46.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 2.83 M USD 0%
Inventory, Net 5.41 M USD 0%
Assets, Current 10.7 M USD 0%
Deferred Income Tax Assets, Net 10.1 M USD 0%
Property, Plant and Equipment, Net 3.03 M USD 0%
Operating Lease, Right-of-Use Asset 3.09 M USD 0%
Intangible Assets, Net (Excluding Goodwill) 1.56 M USD 0%
Other Assets, Noncurrent 250 K USD 0%
Assets 28.7 M USD 0%
Employee-related Liabilities, Current 580 K USD 0%
Liabilities, Current 6.5 M USD 0%
Operating Lease, Liability, Noncurrent 2.81 M USD 0%
Liabilities 9.32 M USD 0%
Retained Earnings (Accumulated Deficit) -47.9 M USD 0%
Stockholders' Equity Attributable to Parent 19.4 M USD 0%
Liabilities and Equity 28.7 M USD 0%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -94.9 K USD -190%
Net Cash Provided by (Used in) Financing Activities 23.8 K USD
Net Cash Provided by (Used in) Investing Activities 16.4 K USD
Common Stock, Shares Authorized 20 M shares 0%
Common Stock, Shares, Issued 7.91 M shares +5.57%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2.83 M USD -22%
Interest Paid, Excluding Capitalized Interest, Operating Activities 105 K USD +191%
Deferred Tax Assets, Valuation Allowance 446 K USD -3.88%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 10.4 M USD +3.04%
Operating Lease, Liability 3.18 M USD -12.3%
Payments to Acquire Property, Plant, and Equipment 56.4 K USD -87.9%
Property, Plant and Equipment, Gross 6.33 M USD 0%
Operating Lease, Liability, Current 483 K USD 0%
Deferred Income Tax Expense (Benefit) -1.44 M USD -104%
Deferred Tax Assets, Operating Loss Carryforwards 6.2 M USD +5%
Deferred Federal Income Tax Expense (Benefit) -967 K USD -209%
Unrecognized Tax Benefits 1.01 M USD -0.69%
Operating Lease, Payments 625 K USD +16.2%
Additional Paid in Capital 68.4 M USD 0%
Operating Leases, Future Minimum Payments, Due in Two Years 657 K USD +3.19%
Amortization of Intangible Assets 31.8 K USD 0%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 482 K USD +2.7%
Deferred Tax Assets, Net of Valuation Allowance 11 M USD +13.7%
Operating Leases, Future Minimum Payments, Due in Three Years 677 K USD +3.66%
Operating Leases, Future Minimum Payments Due 3.65 M USD -14.4%
Deferred State and Local Income Tax Expense (Benefit) -477 K USD -20.7%
Interest Expense -276 K USD -6.85%