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

Socket Mobile

02/08/2023 22:52

* Socket Mobile Inc  SCKT.OQ  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended in June. The lone
analyst forecast for the quarter was for a loss of 11 cents per
share.
    * Revenue fell 15.4% to $5.12 million from a year ago;
analysts
expected $4.84 million. 
    * Socket Mobile Inc's reported EPS for the quarter was a
loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1,000% 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 9.0% this
quarter and
lost 18.7% so far this year.
    * The company reported a quarterly loss of $513 thousand.
    * Wall Street's median 12-month price target for Socket
Mobile Inc
is $2.00 
    * The current average analyst rating on the shares is "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 LSEG Refinitiv data
August 2 at 09:51 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.11          -0.06          Beat
 Mar. 31 2023      -0.01          -0.12          Missed
 Dec. 31 2022      -0.04          -0.02          Beat
 Sep. 30 2022      0.03           -0.11          Missed