Socket Mobile Reports Third Quarter Results
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Socket Mobile (SCKT) Reports Q3 EPS of $0.06
October 22, 2020 4:16 PM EDTSocket Mobile (NASDAQ: SCKT) reported Q3 EPS of $0.06, versus $0.01 reported last year. Revenue for the quarter came in at $4.1 million versus the consensus estimate of $4.19 million.
"We were pleased to report revenue growth in Q3. We believe our Q3 results demonstrated our ability to adjust quickly to the extreme economic challenges posed by the COVID-19 pandemic and resulting uncertainties. We offset our lower revenues by proactive cost reductions, delays in non-critical discretionary spending and capital... More
