Socket Mobile Inc reports results for the quarter ended in December - Earnings Summary

Socket Mobile

22/02/2023 22:39

* Socket Mobile Inc  SCKT.OQ  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in December. The
lone analyst forecast for the quarter was for a loss of 4 cents
per share.
    * Revenue fell 15.4% to $5.17 million from a year ago;
analysts
expected $5.20 million. 
    * Socket Mobile Inc's reported EPS for the quarter was 6
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Socket Mobile Inc shares had risen by 11.4% this quarter.
    * The company reported quarterly net income of $515
thousand.
    * Wall Street's median 12-month price target for Socket
Mobile Inc
is $3.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 10:39 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.04          -0.02          Beat
 Sep. 30 2022      0.03           -0.11          Missed
 Jun. 30 2022      0.08           0.01           Missed
 Mar. 31 2022      0.05           0.04           Missed