Last $1.05 USD
Change Today +0.05 / 5.00%
Volume 2.0K
SCKT On Other Exchanges
Symbol
Exchange
OTC US
As of 11:42 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

socket mobile inc (SCKT) Snapshot

Open
$1.05
Previous Close
$1.00
Day High
$1.05
Day Low
$1.05
52 Week High
04/25/13 - $2.20
52 Week Low
12/30/13 - $0.70
Market Cap
5.1M
Average Volume 10 Days
2.2K
EPS TTM
$-0.13
Shares Outstanding
4.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SOCKET MOBILE INC (SCKT)

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socket mobile inc (SCKT) Details

Socket Mobile, Inc. produces and sells barcode scanning and mobile handheld computer products for the business mobility market. The company offers products to run mobile applications that enable the accessing, collection, and processing of data by using Bluetooth and wireless local area network (LAN) connection technologies. Its product line includes a family of cordless barcode scanning products that connect over Bluetooth with smartphones, tablets, and computers; wearable cordless ring scanners for hands free barcode scanning; and accessories, including plug-in two dimensional and linear bar code scanners, cradles, radio frequency identification readers, and magnetic stripe readers. The company also offers customized versions of its handheld computers, embedded wireless LAN cards, and Bluetooth modules as original equipment manufacturer products to third-party companies; and extended warranty and accidental breakage coverage services for products, including handheld computers and barcode scanners. It markets its products through a network of distributors and resellers, as well as through original equipment manufacturers and value added resellers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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 Newark, California.

48 Employees
Last Reported Date: 03/31/14
Founded in 1992

socket mobile inc (SCKT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $190.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $170.0K
Vice President of Worldwide Operations
Total Annual Compensation: $155.0K
Chief Technical Officer and Vice President of...
Total Annual Compensation: $155.0K
Vice President and Controller
Total Annual Compensation: $120.0K
Compensation as of Fiscal Year 2013.

socket mobile inc (SCKT) Key Developments

Socket Mobile, Inc. Accepts Terms of Revolving Credit Line with Bridge Bank

Socket Mobile, Inc. announced that it had accepted terms of a revolving credit line with Bridge Bank, National Association to replace a similar agreement with Silicon Valley Bank. The Silicon Valley Bank agreement was extended to February 28, 2014 to facilitate the transfer of the revolving credit line to Bridge Bank. The new bank line was activated and the transfer completed on March 7, 2014. The Company may borrow up to $2.5 million, of which up to $1.5 million is based on qualified receivables from domestic (U.S. based) customers and up to $1.0 million is based on qualified receivables from international customers. The international portion of the line will include certain accounts receivable guarantees from the EXIM Bank pending final approval from EXIM Bank. The revolving credit line agreement is for a two year period ending February 27, 2016 and contains customary representations, warranties and covenants. The Company's total borrowings under the line may not exceed 50% of the sum of cash plus qualified receivables. The line is secured by all of the Company's assets, including intellectual property.

Socket Mobile, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013

Socket Mobile, Inc. reported unaudited earnings results for the fourth quarter and full year ended Dec. 31, 2013. Revenue for the fourth quarter of 2013 was $3.7 million, an increase of 32% compared to revenue of $2.8 million in the same quarter a year ago. Net loss for the fourth quarter of 2013 was $0.4 million, or a loss of $0.09 per share, compared to a net loss of $0.7 million, or a loss of $0.14 per share, in the fourth quarter of 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure of operating results, was a loss of $0.1 million, or $0.03 per share, for the fourth quarter of 2013 compared to an EBITDA loss of $0.4 million, or $0.07 per share, for the fourth quarter of 2012. Annual revenue for 2013 totaled $15.7 million, an increase of 15% compared to revenue of $13.6 million for 2012. Net loss for 2013 was $0.6 million, or $0.13 per share, compared to a net loss of $3.3 million, or $0.68 per share, for 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA), a non-GAAP measure of operating results, was $0.4 million, or $0.09 per share, in 2013 compared to a net EBITDA loss of $2.1 million, or $0.43 per share, in 2012.

Socket Mobile, Inc., Q4 2013 Earnings Call, Feb 26, 2014

Socket Mobile, Inc., Q4 2013 Earnings Call, Feb 26, 2014

 

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