In This Article:
Socket Mobile (NASDAQ:SCKT) Full Year 2024 Results
Key Financial Results
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Revenue: US$18.8m (up 10% from FY 2023).
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Net loss: US$2.24m (loss widened by 17% from FY 2023).
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US$0.30 loss per share (further deteriorated from US$0.27 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$13.9m (74% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$4.72m (40% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$220.2k. Explore how SCKT's revenue and expenses shape its earnings.
Socket Mobile shares are down 5.8% from a week ago.
Risk Analysis
Be aware that Socket Mobile is showing 2 warning signs in our investment analysis that you should know about...
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