Socket Mobile, Inc.
Socket Mobile, Inc. (SCKT) Financial Performance & Income Statement Overview
Review Socket Mobile, Inc. (SCKT) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Socket Mobile, Inc. (SCKT) Income Statement & Financial Overview
Explore comprehensive income reports for Socket Mobile, Inc. SCKT, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $3.97M | $4.83M | $3.87M | $5.08M |
| Cost of Revenue | $1.97M | $2.37M | $1.98M | $2.50M |
| Gross Profit | $2.00M | $2.46M | $1.90M | $2.58M |
| Gross Profit Ratio | $0.50 | $0.51 | $0.49 | $0.51 |
| R&D Expenses | $1.13M | $1.12M | $1.16M | $1.23M |
| SG&A Expenses | $1.76M | $1.76M | $1.77M | $1.89M |
| Operating Expenses | $2.89M | $2.88M | $2.93M | $3.12M |
| Total Costs & Expenses | $4.86M | $5.24M | $4.90M | $5.62M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $100467.00 | $101957.00 | $84164.00 | $72488.00 |
| Depreciation & Amortization | $465846.00 | $417805.00 | $399452.00 | $390555.00 |
| EBITDA | -$427827.00 | $6805.00 | -$631824.00 | -$144588.00 |
| EBITDA Ratio | -$0.11 | $0.001 | -$0.16 | -$0.03 |
| Operating Income | -$894000.00 | -$411000.00 | -$1.03M | -$535143.00 |
| Operating Income Ratio | -$0.23 | -$0.09 | -$0.27 | -$0.11 |
| Other Income/Expenses (Net) | -$100000.00 | -$102000.00 | -$84164.00 | -$72488.00 |
| Income Before Tax | -$994000.00 | -$513000.00 | -$1.12M | -$607631.00 |
| Income Before Tax Ratio | -$0.25 | -$0.11 | -$0.29 | -$0.12 |
| Income Tax Expense | $0.00 | -$551000.00 | $0.00 | $0.00 |
| Net Income | -$994000.00 | $38000.00 | -$1.12M | -$607631.00 |
| Net Income Ratio | -$0.25 | $0.008 | -$0.29 | -$0.12 |
| EPS | -$0.13 | $0.005 | -$0.15 | -$0.08 |
| Diluted EPS | -$0.13 | $0.005 | -$0.15 | -$0.08 |
| Weighted Avg Shares Outstanding | $7.83M | $7.70M | $7.44M | $7.57M |
| Weighted Avg Shares Outstanding (Diluted) | $7.83M | $7.70M | $7.60M | $7.57M |
The company's financials show resilient growth, with revenue advancing from $5.08M in Q2 2024 to $3.97M in Q1 2025. Gross profit remained healthy with margins at 50% in Q1 2025 compared to 51% in Q2 2024. Operating income hit -$894000.00 last quarter, sustaining a consistent -23% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$427827.00. Net income dropped to -$994000.00, while earnings per share reached -$0.13. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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