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

Socket Mobile

27/10/2023 22:01

* Socket Mobile Inc  SCKT.OQ  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended in September. The
lone analyst forecast for the quarter was for a loss of 7 cents
per share.
    * Revenue fell 14% to $3.21 million from a year ago;
analysts
expected $5.22 million. 
    * Socket Mobile Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The mean earnings estimate of analysts had risen by
about 12.5%
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 fallen by 18.3% this
quarter and
lost 51.8% so far this year.
    * The company reported a quarterly loss of $1.33 million.
    * 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
October 27 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.07          -0.16          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