Socket Mobile (SCKT) Reports Q2 Loss of $0.02

Socket Mobile (NASDAQ: SCKT) reported Q2 EPS of ($0.02). Revenue for the quarter came in at $4.19 million versus the consensus estimate of $6.1 million.

Kevin Mills, president and chief executive officer, commented, "We commenced shipping our new SocketScan line of standard cordless barcode scanners in late April 2018. Our SocketScan products improve the user experience with new features including status lights, extended battery life, field upgradable batteries, and a new easy to use charging station. Our many application partners and resellers are evaluating the new products and on completion, are expected to update their web pages and recommend their use, allowing us to complete the transition. Our feedback from these many evaluations has been very positive.

"For our registered developers, we\'ve improved our software developer kit with our Capture SDK. The SDK includes developer tools such as Xamarin used by many in the corporate application developer community. We expect to experience growth in our application developer base as we are now able to support this community. New applications are a key driver of future revenue growth.

"VDC Research last fall recognized our worldwide leadership position in companion barcode scanning for mobile applications running on smart phones and tablets. Our new hardware products and developer tools will enable us to maintain this leadership position," Mills concluded.

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

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