Socket Mobile (NASDAQ:SCKT) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Socket Mobile (NASDAQ:SCKT) released its quarterly earnings data on Wednesday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.12), FiscalAI reports. The business had revenue of $3.39 million during the quarter, compared to analyst estimates of $4.07 million. Socket Mobile had a negative return on equity of 229.41% and a negative net margin of 107.50%.

Socket Mobile Trading Up 1.0%

SCKT traded up $0.00 on Wednesday, reaching $0.30. The stock had a trading volume of 214,430 shares, compared to its average volume of 2,981,604. Socket Mobile has a 12-month low of $0.28 and a 12-month high of $2.79. The business’s 50-day moving average price is $0.54 and its two-hundred day moving average price is $0.79. The company has a market cap of $2.49 million, a P/E ratio of -0.16 and a beta of 1.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Socket Mobile from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Socket Mobile Company Profile

Socket Mobile, Inc develops and sells data capture solutions designed to help businesses collect and transmit information using mobile devices. Its products include cordless barcode scanners, contactless and NFC readers, and related accessories used with smartphones, tablets, computers, and point-of-sale systems.

The company also provides software development tools and integration services, including its CaptureSDK and SocketCam solutions, which enable developers and business applications to incorporate barcode scanning and other data capture capabilities.