Socket Mobile Reports Second Quarter and Six-Month Results

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Go back to Socket Mobile Reports Second Quarter and Six-Month Results

Socket Mobile (SCKT) Reports Q2 Loss of $0.13, Revenues Miss

July 30, 2020 5:15 PM EDT

Socket Mobile (NASDAQ: SCKT) reported Q2 EPS of ($0.13), versus $0.00 reported last year. Revenue for the quarter came in at $2.7 million versus the consensus estimate of $4.19 million.

"As anticipated, following the effects of the COVID-19 pandemic on our revenues in the first quarter of 2020, we experienced significant revenue declines in the second quarter. We expect our business to be adversely impacted by COVID-19 for the foreseeable future. In Q2, we received $1.06M in PPP loan, most of... More