Socket Mobile (SCKT) Misses Q3 EPS by 1c, Revenues Miss

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Go back to Socket Mobile (SCKT) Misses Q3 EPS by 1c, Revenues Miss

Socket Mobile Reports Results for the Third Quarter and Nine Months ended September 30, 2018

October 25, 2018 4:01 PM EDT

NEWARK, Calif., Oct. 25, 2018 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading innovator of data capture and delivery solutions for enhanced productivity, today reported financial results for its 2018 third quarter and nine months ended September 30, 2018.

Revenue for the third quarter of 2018 was $4.1 million, a decrease of 24 percent compared to revenue of $5.5 million for the same quarter a year ago. Cordless barcode scanner revenue was $4.1 million for the third quarter of 2018, a decrease of 19 percent over the same quarter a year ago. Net loss for the third quarter of 2018 was... More