Socket Mobile (SCKT) Reports Q3 EPS of $0.01

Socket Mobile (NASDAQ: SCKT) reported Q3 EPS of $0.01, versus $0.01 reported last year. Revenue for the quarter came in at $5 million versus the consensus estimate of $4.19 million.

Kevin Mills, president and chief executive officer, commented, "We are pleased with both our quarter over quarter and year over year growth rate of approximately 20% and the general underlying strength of our business. Our growth in Q3 was helped by increased sales in Japan, where a Japanese government program, which subsidized retail system upgrades, ended in Q3. Systems ordered under this program must be delivered by December 2019. Sales in the EMEA region were also stronger, which resulted in our total international revenue being 34% of our Q3 revenue.

"Our growth continues to be driven by the development and deployment pace of our registered developers who integrate our barcode scanning capabilities into their applications. We will continue to promote our Capture SDK with the use of developer tools and provide responsive support to our growing developer community as needed.

"Profitable growth has strengthened our balance sheet and provided the working capital we need to support future growth," Mr. Mills concluded.

For earnings history and earnings-related data on Socket Mobile (SCKT) click here.

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