Socket Mobile, Inc. (SCKT) financial statements (2023 and earlier)

Company profile

Business Address 39700 EUREKA DRIVE
NEWARK, CA 94560-4808
State of Incorp. DE
Fiscal Year End December 31
SIC 3571 - Electronic Computers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0962,1229591,0853,3801,319938
Cash and cash equivalents6,0962,1229591,0853,3801,319938
Inventory, net of allowances, customer advances and progress billings5,1553,1963,1792,2722,1981,5371,326
Inventory5,1553,1963,1792,2722,1981,5371,326
Prepaid expense202166151123212132 
Advances on inventory purchases132947811011544 
Other undisclosed current assets2,7972,3583,1552,6072,9502,9502,446
Total current assets:14,3817,9367,5216,1978,8555,9834,711
Noncurrent Assets
Operating lease, right-of-use asset211609937
Property, plant and equipment1,069848865689663564475
Intangible assets, net (including goodwill)1,814 4,4274,4274,4274,4274,427
Goodwill  4,4274,4274,4274,4274,427
Intangible assets, net (excluding goodwill)1,814      
Deferred income tax assets7,9605,507 
Other noncurrent assets140159203237272  
Other undisclosed noncurrent assets  5,5075,7815,6379,66576
Total noncurrent assets:11,1947,12311,93811,13410,99914,6564,978
TOTAL ASSETS:25,57515,05819,45817,33119,85420,6399,688
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6933765665126311,016680
Employee-related liabilities693376566512631633603
Interest and dividends payable     38377
Deferred revenue407451611
Debt5001702,1731,817 753881
Due to related parties1,2011,272     
Deferred revenue and credits4931,0631,004
Customer advances and deposits  640
Other undisclosed current liabilities2,5881,8812,1182,0271,1991,2852,247
Total current liabilities:5,3894,1495,4684,3562,3234,1165,453
Noncurrent Liabilities
Long-term debt and lease obligation, including:1252587158275322
Long-term debt, excluding current maturities125  333  372
Operating lease, liability 258715
Other undisclosed long-term debt and lease obligation   (325)2753(350)
Liabilities, other than long-term debt142941 2926323
Deferred revenue and credits292640
Deferred revenue142941
Deferred compensation liability, classified      283
Other undisclosed noncurrent liabilities   562245274547
Total noncurrent liabilities:139287756571301353892
Total liabilities:5,5294,4366,2244,9272,6244,4696,345
Stockholders' equity
Stockholders' equity attributable to parent20,04610,62213,23412,40417,23016,1703,344
Common stock7666766
Additional paid in capital66,14061,73461,06760,52464,77862,89062,211
Accumulated deficit(46,100)(51,117)(47,839)(48,125)(47,554)(46,726)(58,873)
Total stockholders' equity:20,04610,62213,23412,40417,23016,1703,344
TOTAL LIABILITIES AND EQUITY:25,57515,05819,45817,33119,85420,6399,688

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues23,19915,70019,25316,45421,28620,78818,400
Cost of revenue(10,763)(7,365)(9,152)(7,998)(9,896)(10,353)(9,465)
Gross profit:12,4368,33510,1018,45611,39010,4348,935
Operating expenses(9,739)(12,685)(9,494)(9,042)(8,972)(7,871)(6,806)
Operating income (loss):2,697(4,351)606(586)2,4182,5632,129
Interest and debt expense(199)1,059(101)(129)(79)(131)(100)
Income (loss) from continuing operations before income taxes:2,498(3,292)506(715)2,3382,4322,028
Income tax expense (benefit)(1,903)51219(143)(3,769)9,715(32)
Net income (loss):596(3,241)725(858)(1,431)12,1471,996
Other undisclosed net income (loss) attributable to parent3,871(37)(438)287(0) (179)
Net income (loss) attributable to parent:4,466(3,279)287(571)(1,431)12,1471,818
Undistributed earnings (loss) allocated to participating securities, basic381(188)   
Other undisclosed net loss available to common stockholders, basic(761)      
Net income (loss) available to common stockholders, basic:4,086(3,467)287(571)(1,431)12,1471,818
Interest on convertible debt176      
Dilutive securities, effect on basic earnings per share      421
Other undisclosed net income available to common stockholders, diluted 377   117 
Net income (loss) available to common stockholders, diluted:4,262(3,090)287(571)(1,431)12,2652,238

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):596(3,241)725(858)(1,431)12,1471,996
Comprehensive income (loss), net of tax, attributable to parent:596(3,241)725(858)(1,431)12,1471,996

Statements sources

The financial statements are based on the company's filings with the 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.

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