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.
位於加利福尼亞弗裏蒙特，2024年10月24日 /美通社/ - Socket Mobile, Inc.（納斯達克股票代碼：SCKT）是領先的數據捕獲和交付解決方案提供商，提供增強工作場所生產力的解決方案，今天報告了截至2024年9月30日的三個月和九個月的財務業績，這些業績是根據美國通用會計準則（"GAAP"）確定的。
Third Quarter 2024 Financial Highlights:
2024年第三季度財務亮點:
- 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.
- 營業收入爲390萬美元，比去年同期的320萬美元增長21%，與上一季度的510萬美元相比下降24%。
- 毛利率爲49%，高於去年同期的44.2%和上一季度的50.9%。
- 營業費用爲290萬美元，比去年同期增加4%，較上一季度的310萬美元減少6%。
- 營業虧損額爲100萬美元，較去年同期的140萬美元減少26%，較上一季度的50萬美元增加93%。
- 2024年9月30日的現金餘額約爲290萬美元，而2023年底爲280萬美元，上一季度末爲210萬美元。2024年8月完成了一筆100萬美元的可轉換債券融資。
"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.
"我們的第三季度營業收入低於預期。我們還經歷了對新產品的評估變慢，儘管評價結果是積極的，這延遲了相關的收入，" Kevin Mills 表示，他是總裁兼首席執行官。
"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.
爲了支持我們進軍工業市場，我們於八月完成了一筆100萬美元可轉債融資。我們繼續爲現有客戶提供服務，同時積極推廣我們的新產品。九月份，我們宣佈我們的CaptureSDK和整個條形碼掃描儀和NFC讀寫器系列已經經過測試，並與iOS 18完全兼容。我們的超耐用XtremeScan系列，專爲植物操作、倉儲和製造等苛刻環境而設計，現在與iPhone 16兼容，"米爾斯先生繼續說道。
"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.
期待您參加即將舉行的電話會議，屆時我們將討論公司的新產品進展和市場拓展。"米爾斯先生總結道。
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).
電話會議
Socket Mobile管理層將於今天下午2點太平洋時間（東部時間下午5點）舉行電話會議，討論季度業績和未來展望。接入現場電話會議的撥入號碼爲美國境內免費電話(800)237-1091或(848) 488-9280（收費）。
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.
關於Socket Mobile, Inc.
Socket Mobile是提供增強生產力的數據捕獲和傳遞解決方案的領先提供商。Socket Mobile的營業收入主要來自第三方條碼啓用的移動應用的部署，這些應用集成了Socket Mobile的無線條碼掃描儀和非觸摸讀寫器。專門爲特殊零售商、現場服務、數字身份、運輸和製造市場提供服務的移動應用是主要的營收來源。Socket Mobile擁有數千名開發人員網絡，他們使用其軟件開發工具爲其移動應用添加複雜的數據捕獲功能。Socket Mobile總部設在加利福尼亞州弗裏蒙特，聯繫電話+1-510-933-3000或。關注Socket Mobile的LinkedIn，X，獲取我們最新的資訊和更新。
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.
前瞻性聲明
本新聞稿包含根據1933年證券法第27A節和修正案以及1934年證券交易法第21E節和修正案中的前瞻性聲明。此類前瞻性聲明包括但不限於關於新移動計算機和數據收集產品的聲明，包括產品的時機、分銷和市場接受情況的詳細信息，以及預測我們銷售產品所在市場的趨勢、銷售、市場情況和機遇的聲明。此類聲明涉及風險和不確定性，實際結果可能與此類前瞻性聲明中預期的結果有很大不同，原因是許多因素，包括但不限於我們的新產品可能因技術、市場或財務因素（包括必要的營運資本的可用性）而延遲或未能如期推出的風險，市場接受和銷售機會可能不如預期那樣發生的風險，我們的應用合作伙伴和現有分銷渠道可能選擇不分銷新產品或者在分銷新產品方面不成功的風險，新產品在垂直應用市場的接受可能不如預期那樣發生的風險，以及在我們最近提交的與美國證券交易委員會提交的最新10-k和10-Q報告中描述的其他風險。
Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
[email protected]
socket mobile投資者聯繫人:
Lynn Zhao
致富金融(臨時代碼)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的註冊商標。這裏包含的所有其他商標和商業名稱可能屬於其各自所有者。
2024, Socket Mobile, Inc. All rights reserved.
2024年，Socket Mobile，Inc.。保留所有權利。
|
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，Inc。 | ||||
|
經簡化的經營收支表（未經審計） | ||||
|
（除每股數據外，金額單位：千美元） | ||||
|
截至三個月結束時 |
截至九個月結束 |
|||
|
2024 |
2023 |
2024 |
2023 |
|
|
營業收入 |
$ 3,872 |
$ 3,206 |
$ 13,932 |
$ 12,635 |
|
營業收入成本 |
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 % |
|
研發支出 |
1,162 |
1,207 |
3,602 |
3,643 |
|
銷售和市場營銷 |
1,122 |
1,002 |
3,308 |
3,014 |
|
總與行政 |
644 |
608 |
2,128 |
2,131 |
|
營業費用總計 |
2,928 |
2,817 |
9,038 |
8,788 |
|
營業虧損 |
(1,031) |
(1,399) |
(2,052) |
(2,646) |
|
利息費用，淨額 |
（84） |
(76) |
(229) |
(170) |
|
所得稅效益(費用) |
-- |
150 |
-- |
(16) |
|
淨虧損 |
$(1,115) |
$ (1,325) |
$ (2,281) |
$ (2,832) |
|
每股淨虧損: |
||||
|
基本 |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
完全稀釋 |
$ (0.15) |
$ (0.16) |
$ (0.30) |
$ (0.34) |
|
加權平均股數： 基本 完全稀釋 |
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。 | ||
|
簡明資產負債表 | ||
|
(千元) | ||
|
(未經審計) 2024年9月30日 |
截至12月31日公允價值 |
|
|
現金 |
$ 2,913 |
$ 2,827 |
|
應收賬款 |
1,441 |
1,700 |
|
存貨 |
5,250 |
5,409 |
|
向分銷商發貨的遞延成本 其他資產 |
266 472 |
323 441 |
|
資產和設備，淨值 |
2,824 |
3,033 |
|
遞延所得稅資產 |
10,112 |
10,112 |
|
無形資產, 淨額 |
1,464 |
1,559 |
|
經營租賃權使用資產 |
2,730 |
3,088 |
|
其他長期資產 |
249 |
250 |
|
總資產 |
$ 27,721 |
$ 28,742 |
|
應付賬款及應計費用 |
$ 2,116 |
$ 2,185 |
|
可轉換的次級債務，折扣後淨額 |
150 |
150 |
|
可轉換的次級債務，折扣後淨額-關聯方 |
3,830 |
2,836 |
|
遞延收入-向分銷商發貨 |
688 |
826 |
|
遞延服務收入 |
34 2,941 |
33 3,292 |
|
負債合計 |
9,759 |
9,322 |
|
|
69,213 |
68,391 |
|
累積赤字 |
(50,213) |
(47,933) |
|
自家保管的股票 |
(1,038) |
(1,038) |
|
股東權益總計 |
17,962 |
19,420 |
|
負債和所有者權益總額 |
$ 27,721 |
$ 28,742 |
|
*Derived from audited financial statements. |
|
*基本報表指標 |
SOURCE Socket Mobile, Inc.
資訊來源：Socket Mobile，Inc.
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