- Socket Mobile (SCKT +28.5%) Q4 revenue was $4.7M, increases 2.6%.
- Gross margin of 53.2% about flat from last year's 53.1%.
- Operating expenses decreased 12.4% to $1.9M.
- Net income was $1.6M, or EPS of $0.23 per basic compared to $0.01 from last year
- As of December 31, 2020, cash more than doubled from December 31, 2019 to $2.1M which resulted from improved operational performance and the secured subordinated convertible note financing completed in August 2020.
- "Our fourth quarter was another encouraging period in which revenue continued on its upward trajectory from the 2020 low point in the second quarter. We also improved liquidity with increased cash and reduced debts. Throughout 2020, we managed our costs while investing into our businesses and developing and launching new products." comments CEO and president Kevin Mills.
- The stock has gained a massive 570% over the last one year, currently trades at $13.58.