SCKT Earnings Prediction
The chart below shows how SCKT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SCKT sees a +2.01% change in stock price 10 days leading up to the earnings, and a +3.43% change 10 days following the report. On the earnings day itself, the stock moves by -2.46%. This data can give you a slight idea of what to expect for the next quarter's release.
SCKT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.87M
20.79%
-23.79%
Gross Margin
48.99%
10.74%
-3.68%
Operating Margin
-26.63%
-38.95%
152.90%
Net Margin
-28.81%
-30.29%
140.89%
EPS
-0.15
-16.67%
87.50%
No Data Available
SCKT Earnings Analysis
Socket Mobile, Inc. New Corporation (SCKT.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: Q3 revenue increased by 21% to $3.9 million compared to $3.2 million in Q3 2023.
Gross Margin Improvement: 2. Improved Gross Margin: Gross margin improved to 49% in Q3, up from 44% in the prior year's quarter.
Narrowed Net Loss: 3. Reduced Net Loss: The net loss narrowed to $1 million or $0.15 per share, compared to a net loss of $1.3 million or $0.16 per share in Q3 2023.
Cash Balance Increase: 4. Increased Cash Position: Cash balance at the end of Q3 was $2.9 million, up from $2.1 million at the end of the prior quarter.
Product Development Success: 5. Successful Product Development: The new XtremeScan products received positive feedback from major customers, leading to proof of concept and pilot projects.
Negative
Revenue Decline Analysis: 1. Sequential Revenue Decline: Q3 revenue decreased by 24% sequentially to $3.9 million from $5.1 million in the preceding quarter.
Operating Loss Increase: 2. Operating Loss: The company reported an operating loss of $1 million in Q3, which is an increase from the operating loss of $600,000 in the previous quarter.
Declining EBITDA Performance: 3. Negative EBITDA: Q3 EBITDA was negative $500,000, a decline from a positive EBITDA of $870,000 in the previous quarter.
Net Loss Worsening: 4. Net Loss Increase: The net loss for Q3 was $1 million, compared to a net loss of $600,000 in the previous quarter, indicating worsening financial performance.
Backlog Challenges: 5. Backlog Concerns: The company entered Q4 with a backlog of $2.2 million, reflecting weak bookings in July that impacted revenue.
SCKT FAQs
How does SCKT typically perform around its earnings report dates?
Is Socket Mobile, Inc. (SCKT) Q3 2024 Earnings Call Summary positive or negative?
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SCKT Earning Call Sentiment
Socket Mobile, Inc. (SCKT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SCKT.O
14.29%Positive
The earnings call summary shows positive developments in product launches, market expansion, and improved financial metrics. However, the Q&A reveals concerns about profitability, with expectations of breaking even only by 2025. The financial health is stable but not strong, with risks related to manufacturing and market acceptance. The absence of immediate positive catalysts like partnerships or guidance upgrades tempers the outlook. Overall, the sentiment is neutral, reflecting balanced positives and negatives, and the stock price is likely to remain within a -2% to 2% range over the next two weeks.
