Kevin Mills - Socket Mobile CEO and President and Director

SCKT Stock  USD 1.02  0.02  1.92%   

CEO

Mr. Kevin J. Mills is President, Chief Executive Officer, Director of Socket Mobile Inc., since March 2000. He served as the Company Chief Operating Officer from September 1998 to March 2000. Mr. Mills joined the Company in September 1993 as Vice President of Operations and has also served as our Vice President of Engineering. Prior to joining the Company, Mr. Mills worked from September 1987 to August 1993 at Logitech, Inc., a computer peripherals company, serving most recently as its Director of Operations. He holds a B.E. in Electronic Engineering with honors from the University of Limerick, Ireland. since 2000.
Age 63
Tenure 24 years
Address 40675 Encyclopedia Circle, Fremont, CA, United States, 94538
Phone510 933 3000
Webhttps://www.socketmobile.com

Socket Mobile Management Efficiency

The company has return on total asset (ROA) of (0.068) % which means that it has lost $0.068 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0966) %, meaning that it created substantial loss on money invested by shareholders. Socket Mobile's management efficiency ratios could be used to measure how well Socket Mobile manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.07 in 2024. Return On Capital Employed is likely to drop to -0.15 in 2024. At this time, Socket Mobile's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 3 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 5.7 M in 2024.
The company currently holds 6.28 M in liabilities with Debt to Equity (D/E) ratio of 0.27, which may suggest the company is not taking enough advantage from borrowing. Socket Mobile has a current ratio of 2.28, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Socket Mobile until it has trouble settling it off, either with new capital or with free cash flow. So, Socket Mobile's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Socket Mobile sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Socket to invest in growth at high rates of return. When we think about Socket Mobile's use of debt, we should always consider it together with cash and equity.
Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Socket Mobile, Inc. was incorporated in 1992 and is headquartered in Newark, California. Socket Mobile operates under Computer Hardware classification in the United States and is traded on NASDAQ Exchange. It employs 53 people. Socket Mobile (SCKT) is traded on NASDAQ Exchange in USA. It is located in 40675 Encyclopedia Circle, Fremont, CA, United States, 94538 and employs 61 people. Socket Mobile is listed under Technology Hardware, Storage & Peripherals category by Fama And French industry classification.

Management Performance

Socket Mobile Leadership Team

Elected by the shareholders, the Socket Mobile's board of directors comprises two types of representatives: Socket Mobile inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Socket. The board's role is to monitor Socket Mobile's management team and ensure that shareholders' interests are well served. Socket Mobile's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Socket Mobile's outside directors are responsible for providing unbiased perspectives on the board's policies.
Brenton MacDonald, Independent Director
Lynn Zhao, CFO, Vice President of Finance and Administration, Secretary
Timothy Miller, VP of Worldwide Operations
David Dunlap, CFO, Principal Accounting Officer, VP of Fin. and Admin., Secretary and Director
Charles Emery, Independent Director
William Parnell, Independent Director
Leonard Ott, Chief Technical Officer and VP of Engineering
Lee Baillif, VP of Operations
Nelson Chan, Independent Director
David Holmes, Chief Officer
Kevin Mills, CEO and President and Director
Charlie Bass, Co-Founder, Chairman, Chairman of Audit Committee and Member of Nominating Committee
James Lopez, Vice President of Sales, Marketing and Developers
Peter Sealey, Independent Director
Flora Chu, General Counsel

Socket Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Socket Mobile a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Socket Mobile is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Socket Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Socket Mobile Stock. Highlighted below are key reports to facilitate an investment decision about Socket Mobile Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Socket Mobile. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.
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When running Socket Mobile's price analysis, check to measure Socket Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Socket Mobile is operating at the current time. Most of Socket Mobile's value examination focuses on studying past and present price action to predict the probability of Socket Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Socket Mobile's price. Additionally, you may evaluate how the addition of Socket Mobile to your portfolios can decrease your overall portfolio volatility.
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Is Socket Mobile's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Socket Mobile. If investors know Socket will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Socket Mobile listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Earnings Share
(0.27)
Revenue Per Share
2.356
Quarterly Revenue Growth
(0.15)
Return On Assets
(0.07)
The market value of Socket Mobile is measured differently than its book value, which is the value of Socket that is recorded on the company's balance sheet. Investors also form their own opinion of Socket Mobile's value that differs from its market value or its book value, called intrinsic value, which is Socket Mobile's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Socket Mobile's market value can be influenced by many factors that don't directly affect Socket Mobile's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Socket Mobile's value and its price as these two are different measures arrived at by different means. Investors typically determine if Socket Mobile is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Socket Mobile's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.