SCKT Q1 2023 Earnings — Socket Mobile, Inc. Revenue & Financial Results | Market Cap Arena

SCKTSocket Mobile, Inc.

$7M

Q1 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$4M-31.5% YoY

Gross Profit

$2M48.1% margin

Operating Income

-$955,412-22.2% margin

Net Income

-$993,420-23.0% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-16.6%

Cash Flow

Operating Cash Flow

$105,665

Free Cash Flow

-$360,441

Stock-Based Comp.

$295,833

Balance Sheet

Total Assets

$28M

Total Liabilities

$8M

Stockholders' Equity

$19M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$4M	$6M	-31.5%
Gross Profit	$2M	$3M	-33.7%
Operating Income	-$955,412	$463,704	-306.0%
Net Income	-$993,420	$341,933	-390.5%

Revenue Segments

Service

$5,600100%

Geographic Segments

Americas

$3M73%

Asia Pacific

$630,99815%

EMEA

$542,52713%