Socket Historical Income Statement
| SCKT Stock | USD 1.03 0.01 0.98% |
Historical analysis of Socket Mobile income statement accounts such as Cost Of Revenue of 9.2 M, Total Operating Expenses of 10.2 M, Interest Expense of 230.1 K or Selling General Administrative of 2.6 M can show how well Socket Mobile performed in making a profits. Evaluating Socket Mobile income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Socket Mobile's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Socket Mobile latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Socket Mobile is a good buy for the upcoming year.
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About Socket Income Statement Analysis
Socket Mobile Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Socket Mobile shareholders. The income statement also shows Socket investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Socket Mobile Income Statement Chart
Socket Mobile Income Statement is one of the three primary financial statements used for reporting Socket's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Socket Mobile revenue and expense. Socket Mobile Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Socket Mobile's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 17.8 M in 2024, despite the fact that EBIT is likely to grow to (3 M). Add Fundamental
Total Revenue
Total revenue comprises all receipts Socket Mobile generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Socket Mobile minus its cost of goods sold. It is profit before Socket Mobile operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Socket Mobile. It is also known as Socket Mobile overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Socket Mobile income statement and represents the costs associated with goods and services Socket Mobile provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Socket Mobile's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Socket Mobile current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Socket Mobile's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 17.8 M in 2024, despite the fact that EBIT is likely to grow to (3 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 12.4M | 10.4M | 8.5M | 8.6M | Total Revenue | 23.2M | 21.2M | 17.0M | 17.8M |
Socket Mobile income statement Correlations
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Socket Mobile Account Relationship Matchups
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Socket Mobile income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 462.9K | 596.9K | 759.2K | 1.3M | 1.4M | 1.5M | |
| Total Revenue | 19.3M | 15.7M | 23.2M | 21.2M | 17.0M | 17.8M | |
| Gross Profit | 10.1M | 8.3M | 12.4M | 10.4M | 8.5M | 8.6M | |
| Other Operating Expenses | 18.6M | 15.6M | 20.5M | 21.7M | 20.2M | 19.0M | |
| Operating Income | 144.1K | 2.8M | 2.0M | (446K) | (3.1M) | (3.3M) | |
| Ebit | 144.1K | 2.8M | 2.0M | (446K) | (3.1M) | (3.0M) | |
| Ebitda | 607K | 3.4M | 2.8M | 833.4K | (1.7M) | (1.6M) | |
| Cost Of Revenue | 9.2M | 7.4M | 10.8M | 10.9M | 8.6M | 9.2M | |
| Total Operating Expenses | 9.5M | 8.3M | 9.7M | 10.8M | 11.6M | 10.2M | |
| Net Income | 287K | (3.3M) | 4.5M | 87K | (1.9M) | (2.0M) | |
| Income Tax Expense | 219K | (51K) | (1.9M) | (708K) | (1.4M) | (1.5M) | |
| Income Before Tax | 506K | (3.3M) | 2.6M | (621K) | (3.4M) | (3.5M) | |
| Total Other Income Expense Net | 361.9K | (6.1M) | 560.2K | (175K) | (242.2K) | (254.3K) | |
| Interest Expense | 100.7M | 97.5K | 199K | 175K | 242.2K | 230.1K | |
| Selling General Administrative | 2.6M | 2.3M | 2.8M | 2.8M | 2.7M | 2.6M | |
| Research Development | 3.9M | 3.1M | 4.0M | 4.4M | 4.8M | 3.4M | |
| Selling And Marketing Expenses | 3.0M | 2.8M | 3.0M | 3.6M | 4.0M | 3.8M | |
| Net Income Applicable To Common Shares | 286.6K | (3.1M) | 4.5M | 87K | 78.3K | 74.4K | |
| Net Income From Continuing Ops | 286.6K | (3.3M) | 4.5M | 87K | (2.3M) | (2.2M) | |
| Tax Provision | 219.1K | (51K) | (1.9M) | (708K) | (692K) | (726.6K) | |
| Net Interest Income | (100.7K) | (98K) | (199K) | (175K) | (211.1K) | (221.6K) | |
| Reconciled Depreciation | 462.9K | 596.9K | 759.2K | 1.3M | 1.3M | 812.7K |
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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.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Socket Stock analysis
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.