SCKT Q1 2024 Earnings — Socket Mobile, Inc. Revenue & Financial Results | Market Cap Arena

SCKTSocket Mobile, Inc.

$7M

Q1 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$5M+15.4% YoY

Gross Profit

$3M50.3% margin

Operating Income

-$485,175-9.7% margin

Net Income

-$557,415-11.2% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+13.2%

Cash Flow

Operating Cash Flow

-$94,890

Free Cash Flow

-$151,332

Stock-Based Comp.

$272,700

Balance Sheet

Total Assets

$29M

Total Liabilities

$10M

Stockholders' Equity

$19M

Cash & Equivalents

$3M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5M	$4M	+15.4%
Gross Profit	$3M	$2M	+20.9%
Operating Income	-$485,175	-$955,412	+49.2%
Net Income	-$557,415	-$993,420	+43.9%

Revenue Segments

Service

$33,700100%

Geographic Segments

Asia Pacific

$824,40658%

EMEA

$595,07642%