Socket Mobile (SCKT) Reports Q4 Loss of $0.03
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Socket Mobile Reports 2018 Financial Results
February 13, 2019 4:01 PM ESTNEWARK, Calif., Feb. 13, 2019 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading innovator of data capture and delivery solutions for enhanced productivity, today reported financial results for the fourth quarter and year ended December 31, 2018.
Full Year Results:
Revenue for 2018 was $16.5 million, a decrease of 23 percent versus 2017 revenue of $21.3 million. Gross margins in 2018 were $8.5 million, or 51.4 percent of revenue, down from $11.4 million, or 53.5 percent of revenue in 2017. Operating expenses were $9.0 million in both years. Operating results in 2018 were a net loss before tax of $715,000 compared to net income before... More
