Socket Mobile Reports First Quarter Results

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Go back to Socket Mobile Reports First Quarter Results

Socket Mobile (SCKT) Reports Q1 EPS of $0.03, Revenues Beat

April 22, 2021 4:19 PM EDT

Socket Mobile (NASDAQ: SCKT) reported Q1 EPS of $0.03, versus ($0.01) reported last year. Revenue for the quarter came in at $4.8 million versus the consensus estimate of $4.19 million.

First Quarter Financial Highlights:

Revenue for the first quarter of 2021 was $4.8 million, up 14% from $4.2 million in the first quarter of 2020.Operating expenses for both the first quarter of 2021 and 2020 were $2.3 million.Net income for the first quarter of 2021 was $203,000, or $0.03 per basic and fully diluted share, compared to a net loss of ($90,000), or ($0.01) per basic and fully diluted... More