Socket Mobile Reports Third Quarter 2024 Results
Socket Mobile Reports Third Quarter 2024 Results
"To support our expansion into the industrial market, we completed a FREMONT, Calif., Oct. 24, 2024 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions for enhanced workplace productivity, today reported financial results that are determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the three and nine months ended September 30, 2024.
位于加利福尼亚弗里蒙特，2024年10月24日 /美通社/ - Socket Mobile, Inc.（纳斯达克股票代码：SCKT）是领先的数据捕获和交付解决方案提供商，提供增强工作场所生产力的解决方案，今天报告了截至2024年9月30日的三个月和九个月的财务业绩，这些业绩是根据美国通用会计准则（"GAAP"）确定的。
Third Quarter 2024 Financial Highlights:
2024年第三季度财务亮点:
- Revenue of $3.9 million, reflecting a 21% increase compared to $3.2 million for the prior year's quarter, and a 24% sequential decrease compared to $5.1 million for the preceding quarter.
- Gross margin of 49% versus 44.2% in the prior year's quarter and 50.9% in the preceding quarter.
- Operating expenses were $2.9 million, reflecting a 4% increase compared to the prior year's period and a decrease of 6% compared to $3.1 million in the preceding quarter.
- Operating loss amounted to $1.0 million, a decrease of 26% from a loss of $1.4 million in the prior year's quarter, and an increase of 93% from a loss of $0.5 million in the preceding quarter.
- Cash balance on September 30, 2024 was approximately $2.9 million compared to $2.8 million at the end of 2023 and $2.1 million at the end of the previous quarter. A convertible note financing of $1.0 million was completed in August 2024.
- 营业收入为390万美元，比去年同期的320万美元增长21%，与上一季度的510万美元相比下降24%。
- 毛利率为49%，高于去年同期的44.2%和上一季度的50.9%。
- 营业费用为290万美元，比去年同期增加4%，较上一季度的310万美元减少6%。
- 营业亏损额为100万美元，较去年同期的140万美元减少26%，较上一季度的50万美元增加93%。
- 2024年9月30日的现金余额约为290万美元，而2023年底为280万美元，上一季度末为210万美元。2024年8月完成了一笔100万美元的可转换债券融资。
"Our Q3 revenue was lower than projected. We also experienced slower, albeit positive evaluation of our new products, which delayed the associated revenue," said Kevin Mills, President, and Chief Executive Officer.
"我们的第三季度营业收入低于预期。我们还经历了对新产品的评估变慢，尽管评价结果是积极的，这延迟了相关的收入，" Kevin Mills 表示，他是总裁兼首席执行官。
"To support our expansion into the industrial market, we completed a $1.0 million convertible note financing in August. We continue to serve existing customers while actively promoting our new products. In September, we announced that our CaptureSDK and entire line of barcode scanners and NFC reader/writers have been tested and are fully compatible with iOS 18. Our ultra-rugged XtremeScan family, specifically designed for demanding environments like plant operations, warehousing, and manufacturing, is now compatible with iPhone 16," continued Mr. Mills.
为了支持我们进军工业市场，我们于八月完成了一笔100万美元可转债融资。我们继续为现有客户提供服务，同时积极推广我们的新产品。九月份，我们宣布我们的CaptureSDK和整个条形码扫描仪和NFC读写器系列已经经过测试，并与iOS 18完全兼容。我们的超耐用XtremeScan系列，专为植物操作、仓储和制造等苛刻环境而设计，现在与iPhone 16兼容，"米尔斯先生继续说道。
"We look forward to your participation in the upcoming conference call, where we will discuss the company's progress with its new products and market expansion." concluded Mr. Mills.
期待您参加即将举行的电话会议，届时我们将讨论公司的新产品进展和市场拓展。"米尔斯先生总结道。
Conference Call
Management of Socket Mobile will hold a conference call today at 2 P.M. Pacific (5 P.M. Eastern) to discuss the quarterly results and outlook for the future. The dial-in number to access the live conference call is (800) 237-1091 toll-free from within the U.S. or (848) 488-9280 (toll).
电话会议
Socket Mobile管理层将于今天下午2点太平洋时间（东部时间下午5点）举行电话会议，讨论季度业绩和未来展望。接入现场电话会议的拨入号码为美国境内免费电话(800)237-1091或(848) 488-9280（收费）。
About Socket Mobile, Inc.
Socket Mobile is a leading provider of data capture and delivery solutions for enhanced productivity in workforce mobilization. Socket Mobile's revenue is primarily driven by the deployment of third-party barcode-enabled mobile applications that integrate Socket Mobile's cordless barcode scanners and contactless readers/writers. Mobile Applications servicing the specialty retailer, field service, digital ID, transportation, and manufacturing markets are the primary revenue drivers. Socket Mobile has a network of thousands of developers who use its software developer tools to add sophisticated data capture to their mobile applications. Socket Mobile is headquartered in Fremont, Calif., and can be reached at +1-510-933-3000 or . Follow Socket Mobile on LinkedIn, X, and keep up with our latest News and Updates.
关于Socket Mobile, Inc.
Socket Mobile是提供增强生产力的数据捕获和传递解决方案的领先提供商。Socket Mobile的营业收入主要来自第三方条码启用的移动应用的部署，这些应用集成了Socket Mobile的无线条码扫描仪和非触摸读写器。专门为特殊零售商、现场服务、数字身份、运输和制造市场提供服务的移动应用是主要的营收来源。Socket Mobile拥有数千名开发人员网络，他们使用其软件开发工具为其移动应用添加复杂的数据捕获功能。Socket Mobile总部设在加利福尼亚州弗里蒙特，联系电话+1-510-933-3000或。关注Socket Mobile的LinkedIn，X，获取我们最新的资讯和更新。
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding new mobile computers and data collection products, including details on the timing, distribution, and market acceptance of the products, and statements predicting trends, sales, market conditions, and opportunities in the markets in which we sell our products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements as a result of a number of factors, including, but not limited to, the risk that our new products may be delayed or not rollout as predicted, if ever, due to technological, market, or financial factors, including the availability of necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that our application partners and current distribution channels may choose not to distribute the new products or may not be successful in doing so, the risk that acceptance of our new products in vertical application markets may not happen as anticipated, and other risks described in our most recent Form 10-K and 10-Q reports filed with the Securities and Exchange Commission.
前瞻性声明
本新闻稿包含根据1933年证券法第27A节和修正案以及1934年证券交易法第21E节和修正案中的前瞻性声明。此类前瞻性声明包括但不限于关于新移动计算机和数据收集产品的声明，包括产品的时机、分销和市场接受情况的详细信息，以及预测我们销售产品所在市场的趋势、销售、市场情况和机遇的声明。此类声明涉及风险和不确定性，实际结果可能与此类前瞻性声明中预期的结果有很大不同，原因是许多因素，包括但不限于我们的新产品可能因技术、市场或财务因素（包括必要的营运资本的可用性）而延迟或未能如期推出的风险，市场接受和销售机会可能不如预期那样发生的风险，我们的应用合作伙伴和现有分销渠道可能选择不分销新产品或者在分销新产品方面不成功的风险，新产品在垂直应用市场的接受可能不如预期那样发生的风险，以及在我们最近提交的与美国证券交易委员会提交的最新10-k和10-Q报告中描述的其他风险。
Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
[email protected]
socket mobile投资者联系人:
Lynn Zhao
致富金融(临时代码)官
510-933-3016
[email protected]
Socket Mobile is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners.
socket mobile是socket mobile的注册商标。这里包含的所有其他商标和商业名称可能属于其各自所有者。
2024, Socket Mobile, Inc. All rights reserved.
2024年，Socket Mobile，Inc.。保留所有权利。
|
Socket Mobile, Inc. | ||||
|
Condensed Summary Statements of Operations (Unaudited) | ||||
|
(Amounts in thousands except per share amounts) | ||||
|
Three months ended |
Nine months ended |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
Revenue |
$ 3,872 |
$ 3,206 |
$ 13,932 |
$ 12,635 |
|
Cost of revenue |
1,975 |
1,788 |
6,946 |
6,493 |
|
Gross margin |
1,897 |
1,418 |
6,986 |
6,142 |
|
Gross margin percent |
49.0 % |
44.2 % |
50.1 % |
48.6 % |
|
Research & development |
1,162 |
1,207 |
3,602 |
3,643 |
|
Sales & marketing |
1,122 |
1,002 |
3,308 |
3,014 |
|
General & administrative |
644 |
608 |
2,128 |
2,131 |
|
Total operating expenses |
2,928 |
2,817 |
9,038 |
8,788 |
|
Operating loss |
(1,031) |
(1,399) |
(2,052) |
(2,646) |
|
Interest expense, net |
(84) |
(76) |
(229) |
(170) |
|
Income tax benefit (expense) |
-- |
150 |
-- |
(16) |
|
Net loss |
$(1,115) |
$ (1,325) |
$ (2,281) |
$ (2,832) |
|
Net loss per share: |
||||
|
Basic |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
Fully diluted |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
Weighted average shares outstanding: Basic Fully diluted |
7,600 7,600 |
7,320 7,320 |
7,542 7,542 |
7,197 7,197 |
|
Socket Mobile公司。 | ||||
|
经简化的经营收支表（未经审计） | ||||
|
（除每股数据外，金额单位：千美元） | ||||
|
截至三个月结束时 |
截至九个月结束 |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
营业收入 |
$ 3,872 |
$ 3,206 |
$ 13,932 |
$ 12,635 |
|
营业收入成本 |
1,975 |
1,788 |
6,946 |
6,493 |
|
毛利率 |
1,897 |
1,418 |
6,986 |
6,142 |
|
毛利率百分比 |
49.0 % |
44.2 % |
50.1 % |
48.6 % |
|
研发支出 |
1,162 |
1,207 |
3,602 |
3,643 |
|
销售和市场营销 |
1,122 |
1,002 |
3,308 |
3,014 |
|
总与行政 |
644 |
608 |
2,128 |
2,131 |
|
营业费用总计 |
2,928 |
2,817 |
9,038 |
8,788 |
|
营业亏损 |
(1,031) |
(1,399) |
(2,052) |
(2,646) |
|
利息费用，净额 |
（84） |
(76) |
(229) |
(170) |
|
所得税效益(费用) |
-- |
150 |
-- |
(16) |
|
净亏损 |
$(1,115) |
$ (1,325) |
$ (2,281) |
$ (2,832) |
|
每股净亏损: |
||||
|
基本 |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
完全稀释 |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
加权平均股数： 基本 完全稀释 |
7,600 7,600 |
7,320 7,320 |
7,542 7,542 |
7,197 7,197 |
|
Socket Mobile, Inc. | ||
|
Condensed Summary Balance Sheets | ||
|
(Amounts in Thousands) | ||
|
(Unaudited) Sept 30, 2024 |
December 31, |
|
|
Cash |
$ 2,913 |
$ 2,827 |
|
Accounts receivable |
1,441 |
1,700 |
|
Inventories |
5,250 |
5,409 |
|
Deferred costs on shipments to distributors Other current assets |
266 472 |
323 441 |
|
Property and equipment, net |
2,824 |
3,033 |
|
Deferred tax assets |
10,112 |
10,112 |
|
Intangible assets, net |
1,464 |
1,559 |
|
Operating leases right-of-use assets |
2,730 |
3,088 |
|
Other long-term assets |
249 |
250 |
|
Total assets |
$ 27,721 |
$ 28,742 |
|
Accounts payable and accrued liabilities |
$ 2,116 |
$ 2,185 |
|
Subordinated convertible notes payable, net of discount |
150 |
150 |
|
Subordinated convertible notes payable, net of discount-related party |
3,830 |
2,836 |
|
Deferred revenue on shipments to distributors |
688 |
826 |
|
Deferred service revenue |
34 2,941 |
33 3,292 |
|
Total liabilities |
9,759 |
9,322 |
|
Common stock |
69,213 |
68,391 |
|
Accumulated deficit |
(50,213) |
(47,933) |
|
Treasury stock |
(1,038) |
(1,038) |
|
Total equity |
17,962 |
19,420 |
|
Total liabilities and equity |
$ 27,721 |
$ 28,742 |
|
Socket Mobile公司。 | ||
|
简明资产负债表 | ||
|
(千元) | ||
|
(未经审计) 2024年9月30日 |
截至12月31日公允价值 |
|
|
现金 |
$ 2,913 |
$ 2,827 |
|
应收账款 |
1,441 |
1,700 |
|
存货 |
5,250 |
5,409 |
|
向分销商发货的递延成本 其他资产 |
266 472 |
323 441 |
|
资产和设备，净值 |
2,824 |
3,033 |
|
递延所得税资产 |
10,112 |
10,112 |
|
无形资产, 净额 |
1,464 |
1,559 |
|
经营租赁权使用资产 |
2,730 |
3,088 |
|
其他长期资产 |
249 |
250 |
|
总资产 |
$ 27,721 |
$ 28,742 |
|
应付账款及应计费用 |
$ 2,116 |
$ 2,185 |
|
可转换的次级债务，折扣后净额 |
150 |
150 |
|
可转换的次级债务，折扣后净额-关联方 |
3,830 |
2,836 |
|
递延收入-向分销商发货 |
688 |
826 |
|
递延服务收入 |
34 2,941 |
33 3,292 |
|
负债合计 |
9,759 |
9,322 |
|
|
69,213 |
68,391 |
|
累积赤字 |
(50,213) |
(47,933) |
|
自家保管的股票 |
(1,038) |
(1,038) |
|
股东权益总计 |
17,962 |
19,420 |
|
负债和所有者权益总额 |
$ 27,721 |
$ 28,742 |
|
*Derived from audited financial statements. |
|
*基本报表指标 |
SOURCE Socket Mobile, Inc.
资讯来源：Socket Mobile，Inc.
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