Socket Mobile Inc. (SCKT) Financial Statements (2025 and earlier)

Company Profile

Business Address 40675 ENCYCLOPEDIA CIRCLE
FREMONT, CA 94538-2475
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3571 - Electronic Computers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1172,7722,8273,0943,4312,963
Cash and cash equivalents2,1172,7722,8273,0943,4312,963
Inventory, net of allowances, customer advances and progress billings5,1865,4135,4095,5295,5095,660
Inventory5,1865,4135,4095,5295,5095,660
Prepaid expense   241   
Advances on inventory purchases   124   
Other undisclosed current assets3,3592,8162,0982,4244,2313,325
Total current assets:10,66211,00110,69911,04613,17111,948
Noncurrent Assets
Operating lease, right-of-use asset2,8532,9763,0883,2083,3273,444
Property, plant and equipment2,6712,7963,0332,5582,4131,962
Intangible assets, net (including goodwill)1,4961,5281,5591,5911,6231,655
Intangible assets, net (excluding goodwill)1,4961,5281,5591,5911,6231,655
Deferred income tax assets10,11210,11210,1128,6528,5028,668
Other noncurrent assets249249250251275250
Total noncurrent assets:17,38117,66118,04316,26016,14015,980
TOTAL ASSETS:28,04428,66228,74127,30629,31127,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities734636580642600599
Accrued liabilities734636580642600599
Deferred revenue592912826596942648
Debt150150150150149148
Other undisclosed current liabilities5,1685,1014,9444,597 3,895
Total current liabilities:6,6436,7996,5005,9851,6925,290
Noncurrent Liabilities
Liabilities, other than long-term debt2,5742,7042,8222,9463,0673,188
Deferred revenue151413131212
Operating lease, liability2,5592,6902,8092,9333,0553,176
Total noncurrent liabilities:2,5742,7042,8222,9463,0673,188
Other undisclosed liabilities     5,152 
Total liabilities:9,2179,5039,3218,9319,9118,478
Equity
Equity, attributable to parent, including:18,82619,15919,42018,37519,40019,449
Common stock8 77 7
Treasury stock, value(1,038)1,038(1,038)(1,038)1,038(1,038)
Additional paid in capital68,95468,67968,38368,25167,95067,487
Accumulated deficit(49,098)(48,490)(47,933)(48,845)(47,520)(47,007)
Other undisclosed equity, attributable to parent  (2,068)  (2,069) 
Total equity:18,82619,15919,42018,37519,40019,449
TOTAL LIABILITIES AND EQUITY:28,04428,66228,74127,30629,31127,928

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues5,0814,9784,3983,2065,1174,312
Cost of revenue(2,497)(2,473)(2,078)(1,788)(2,466)(2,240)
Gross profit:2,5842,5052,3211,4182,6522,072
Operating expenses(3,119)(2,990)(2,796)(2,817)(2,943)(3,028)
Operating loss:(535)(485)(475)(1,399)(292)(955)
Interest and debt expense   412(76)(55)(38)
Loss from continuing operations before income taxes:(535)(485)(64)(1,475)(347)(993)
Income tax expense   (1,460)(150)(166) 
Net loss:(535)(485)(1,524)(1,625)(513)(993)
Other undisclosed net income (loss) attributable to parent(72)(72)2,436300  
Net income (loss) attributable to parent:(608)(557)912(1,325)(513)(993)
Undistributed earnings (loss) allocated to participating securities, basic    (159)67(121)
Other undisclosed net income available to common stockholders, basic   351   
Net income (loss) available to common stockholders, basic:(608)(557)1,263(1,484)(446)(1,115)
Other undisclosed net income (loss) available to common stockholders, diluted   (702)318 243
Net income (loss) available to common stockholders, diluted:(608)(557)561(1,166)(446)(872)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(535)(485)(1,524)(1,625)(513)(993)
Comprehensive loss, net of tax, attributable to parent:(535)(485)(1,524)(1,625)(513)(993)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: