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

Socket Mobile

27/04/2023 22:02

* Socket Mobile Inc  SCKT.OQ  reported a quarterly adjusted
loss
of 12 cents​​ per share for the quarter ended in March. The lone
analyst forecast for the quarter was for a loss of one cent per
share.
    * Revenue fell 31.5% to $4.31 million from a year ago;
analysts
expected $5.54 million. 
    * Socket Mobile Inc's reported EPS for the quarter was a
loss
of 12 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Socket Mobile Inc shares had fallen by 6.4% this
quarter and
lost 9.3% so far this year.
    * The company reported a quarterly loss of $993 thousand.
    * Wall Street's median 12-month price target for Socket
Mobile Inc
is $2.50 
    * 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
April 27 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.01          -0.12          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