About Socket
Corporate Overview
With more than 18 years experience in the Automatic Identification and Data Capture market, Socket makes mobile computing and productivity work. The Company offers a family of handheld computers and an extensive portfolio of AIDC data collection peripherals designed specifically for business mobility deployments and to enable productivity increases and drive operational efficiencies in healthcare, hospitality and other vertical markets. The company also offers OEM solutions for the mobile device market. Socket is headquartered in Newark, Calif. and can be reached at 510-933-3000 or www.socketmobile.com.
Socket Family of Products
The Socket SoMo Handheld Computer The Socket SoMo handheld computer delivers industrial grade performance in a durable business mobile sized package, making essential Business Mobility solutions possible and affordable. The Socket mobile business computer addresses the underserved market segment that exists between the consumer and industrial mobile PDAs currently on the market. The Socket SoMo, combined with Socket peripherals, provides a Business Mobility system for essential business solutions that include healthcare, automotive, hospitality, life sciences, retail, government/education and transportation/logistics. Runs Windows Mobile 6, choice of multiple languages and anti-microbial case available.
Data Collection Socket Data Collection products include linear and 2D bar code scanning and RFID solutions that plug into or connect wirelessly over Bluetooth to a wide range of mobile devices and convert mobile devices into portable bar code scanners, magnetic stripe or RFID readers that can be used in various retail and other business workplaces. Anti-microbial cases are available for use in health care environments. With the introduction of iOS4 by Apple Computer, Socket now offers 2D bar code scanning and low cost laser scanners for use with the iPad, iPhone, and iTouch. Socket’s high performance bar code scanners are lightweight, durable and compact and designed for use with a wide range of computing devices running a variety of operating systems.
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OEM products and services Socket focuses on embedding Bluetooth and Wireless LAN modules and cards into third party mobile devices. These Socket modules include Socket’s extensive software suites and tools enabling computer device manufacturers to build in wireless connection functions. Socket will also customize its handheld computers and data collection products for use in third party products. Socket’s Wireless LAN modules and cards include Wi-Fi Companion, a software suite that makes management of a wireless LAN environment easy and includes CCX 4.0, Cisco’s security firewall software for secured wireless communications.
Socket Mobile Company Data (Nasdaq: SCKT)
| Financial Information (as of Sept. 30, 2010) | Company Information | ||
|
Fiscal Year End
|
December 31 | Headquarters | Newark, CA |
| Last 12 Months Revenue | $14.5M | Founded | 1992 |
| Last 12 Months EPS | ($0.94) | Number of Employees | 70 |
| Working Capital | $0.3M | ||
| Total assets | $10.2M | Stock Information (As of Nov. 4, 2009) | |
| Cash | $1.45M | Last Trade | $2.35 |
| Tangible Net Worth | ($1.1M) | 52-Week Price Range | $2.25 - $5.44 |
| Total Equity | $10.2M | Shares Outstanding | 3.8M |
| Long Term Debt (excl. def revenue) | $0.1M | Market Capitalization | $8.9M |
| Avg. Daily Volume (3 mos.) | 2,186 | ||
Recent Events
• November Socket’s SoMo® 650Rx antimicrobial handheld computer selected by Australia-based aged care software provider WeCare Australia as their platform for their next generation deployment of electronic point-of-care management systems.
• October Socket enters into definitive agreement for a $1 million convertible note financing to use proceeds to increase the Company’s working capital balances.
• October Socket announces availability of SocketScan 10, an updated version of Socket’s popular SocketScan keyboard wedge software.
• October Menusoft Systems Corp., developers of Digital Dining restaurant management and Point-of-Sale (POS) software systems, selects Socket’s SoMo handheld computer as one of their recommended devices for use with their Handheld POS solution.
• September Lancaster Health Group, a Chicago-based residential long-term care provider, selects Socket’s SoMo antimicrobial handheld computers for Point-of-Care documentations.
• August Socket partners with Zebra Technologies, a global leader in specialty printing and automatic identification solutions, to provide a complete handheld computing and mobile printing solution to the hospitality industry.
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Summary Consolidated Statements of Operations (Unaudited) |
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|
Three Months Ended
Sept 30, |
Year Ended
December 31, |
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|
2010
|
2009
|
|
2009
|
2008
|
|
|
Revenue
|
$3,414
|
$4,574
|
|
$17,127
|
$26,557
|
| Gross margin |
$1,362
|
$2,066
|
|
$7,374
|
$12,390
|
| Gross profit percent |
40%
|
45%
|
|
43%
|
47%
|
| Net (loss) |
($768)
|
49
|
|
$(2,764)
|
$(2,765)
|
| Net (loss) per share: Basic and Diluted |
($0.20)
|
$0.01
|
|
$(0.78)
|
$(.86)
|
| Weighted avg. number of shares outstanding: Basic |
3,798
|
3,787
|
|
3,562
|
3,219
|
| Diluted |
3,798
|
3,951
|
3,562
|
3,219
|
|
Senior Management
Kevin Mills, President and Chief Executive Officer
David Dunlap, Chief Financial Officer
Micheal Gifford, Executive Vice President
Investor Contacts
David Dunlap
Chief Financial Officer
(510) 933-3035
MKR Group, Inc.
Todd Kehrli or Jim Byers
Investor Relations
(323) 468-2300
Contact Socket
Contact Us:
Call Us Toll Free:
1 (800) 552-3300




