SOCKET MOBILE INC
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
SCKT$0.27-2.0%Stored close · as of Nov 9, 2026
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Item 6. Selected Financial Data
The following selected financial data should be read in conjunction with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and the financial statements and the notes thereto in Item 8, “Financial Statements and Supplementary Data.”
| Years Ended December 31, | |||||
|---|---|---|---|---|---|
| (Amounts in thousands, except per share) | 2019 | 2020 | 2021 | 2022 | 2023 |
| Income Statement Data: | |||||
| Revenues | $19,253 | $15,700 | $23,199 | $21,238 | $17,034 |
| Gross profit | $10,101 | $8,335 | $12,436 | $10,366 | $8,463 |
| Operating expenses | $9,494 | $12,686 | $9,739 | $10,812 | $11,584 |
| Net income (loss) before income taxes | $506 | $(3,330) | $2,564 | $(621) | $(3,363) |
| Income tax benefit (expense) | $(219) | $51 | $1,903 | $708 | $1,444 |
| Net income (loss) | $287 | $(3,279) | $4,466 | $87 | $(1,919) |
| Net income (loss) per share: Basic | $0.05 | $(0.51) | $0.58 | $0.01 | $(0.27) |
| Diluted | $0.05 | $(0.51) | $0.48 | $0.01 | $(0.27) |
| Weighted average shares outstanding: | |||||
| Basic | 5,984 | 6,036 | 6,991 | 7,185 | 7,230 |
| Diluted | 6,208 | 6,036 | 8,923 | 7,533 | 7,230 |
| At December 31, | |||||
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Balance Sheet Data: | |||||
| Cash and cash equivalents | $959 | $2,122 | $6,096 | $3,624 | $2,827 |
| Total assets | $20,009 | $15,609 | $25,575 | $28,598 | $28,742 |
| Bank line of credit | $1,413 | $— | $— | $— | $— |
| Term loan | $333 | $— | $625 | $125 | $— |
| Related party convertible notes payable | $— | $1,272 | $1,201 | $1,231 | $2,836 |
| Convertible notes payable | $— | $170 | $144 | $147 | $150 |
| Operating lease | $1,134 | $741 | $258 | $3,737 | $3,292 |
| Total stockholders’ equity | $13,785 | $11,173 | $20,046 | $20,322 | $19,420 |
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