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

Socket Mobile

27/10/2022 22:03

* Socket Mobile Inc  SCKT.OQ  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in September. The
lone analyst forecast for the quarter was for earnings of 3
cents per share.
    * Revenue fell 41% to $3.73 million from a year ago;
analysts
expected $6.50 million. 
    * Socket Mobile Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 70%
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 4.2% this
quarter and
lost 45.8% so far this year.
    * The company reported a quarterly loss of $874 thousand.
    * Wall Street's median 12-month price target for Socket
Mobile Inc
is $4.50 
    * 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 October
27 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.03           -0.11          Missed
 Jun. 30 2022      0.08           0.01           Missed
 Mar. 31 2022      0.05           0.04           Missed
 Dec. 31 2021      0.07           0.11           Beat