Socket Mobile Reports 2024 Results: Revenue Up, Net Income Down
Ticker: SCKT · Form: 10-K · Filed: Mar 25, 2025 · CIK: 944075
| Field | Detail |
|---|---|
| Company | Socket Mobile, Inc. (SCKT) |
| Form Type | 10-K |
| Filed Date | Mar 25, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, financials, revenue, net-income
TL;DR
Socket Mobile's 2024 revenue hit $65.1M, but net income dipped to $2.6M. Watch for Q1 2025.
AI Summary
Socket Mobile, Inc. filed its 2024 10-K on March 25, 2025, reporting financial results for the fiscal year ending December 31, 2024. The company's total revenue for 2024 was $65.1 million, a decrease from $63.3 million in 2023. Net income for 2024 was $2.6 million, down from $2.8 million in the prior year. The company's fiscal year ends on December 31st.
Why It Matters
This filing provides investors with a comprehensive overview of Socket Mobile's financial performance and position for the fiscal year 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — The company experienced a slight decrease in net income and revenue, indicating potential market challenges or operational inefficiencies.
Key Numbers
- $65.1M — 2024 Revenue (Total revenue for the fiscal year ending December 31, 2024.)
- $63.3M — 2023 Revenue (Total revenue for the fiscal year ending December 31, 2023.)
- $2.6M — 2024 Net Income (Net income for the fiscal year ending December 31, 2024.)
- $2.8M — 2023 Net Income (Net income for the fiscal year ending December 31, 2023.)
Key Players & Entities
- SOCKET MOBILE, INC. (company) — Filer
- 20241231 (date) — Fiscal year end
- 20250325 (date) — Filing date
- $65.1 million (dollar_amount) — 2024 Revenue
- $63.3 million (dollar_amount) — 2023 Revenue
- $2.6 million (dollar_amount) — 2024 Net Income
- $2.8 million (dollar_amount) — 2023 Net Income
FAQ
What was Socket Mobile's total revenue for the fiscal year ended December 31, 2024?
Socket Mobile's total revenue for the fiscal year ended December 31, 2024, was $65,097,250.
What was Socket Mobile's net income for the fiscal year ended December 31, 2024?
Socket Mobile's net income for the fiscal year ended December 31, 2024, was $2,604,137.
How did Socket Mobile's 2024 revenue compare to its 2023 revenue?
Socket Mobile's 2024 revenue was $65,097,250, compared to $63,327,040 in 2023.
When did Socket Mobile file its 10-K for the fiscal year ended December 31, 2024?
Socket Mobile filed its 10-K for the fiscal year ended December 31, 2024, on March 25, 2025.
What is Socket Mobile's primary industry classification?
Socket Mobile's Standard Industrial Classification is ELECTRONIC COMPUTERS [3571].
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 25, 2025 regarding SOCKET MOBILE, INC. (SCKT).