Socket Income Statement Research

SCKT Stock

USD 1.04 0.01 0.97%

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 Socket Mobile Valuation and Socket Mobile Correlation analysis.

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).

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

Gross Profit Total Revenue

Socket Mobile income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Net Income	Income Tax Expense	Income Before Tax	Total Other Income Expense Net	Interest Expense	Selling General Administrative	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Non Recurring
Depreciation And Amortization		0.41	0.41	0.67	-0.31	-0.26	-0.14	0.36	0.85	-0.11	-0.11	-0.3	-0.02	-0.34	0.04	0.78	-0.39	-0.31	0.42	-0.02	-0.61	-0.77	0.91	0.72	0.72
Total Revenue	0.41		0.96	0.67	0.56	0.49	0.56	0.93	0.67	0.5	-0.21	0.63	0.11	0.09	-0.52	0.68	-0.84	0.28	0.59	-0.19	-0.55	-0.15	0.28	0.01	0.01
Gross Profit	0.41	0.96		0.57	0.62	0.57	0.64	0.81	0.68	0.51	-0.19	0.65	0.06	0.06	-0.35	0.73	-0.73	0.25	0.75	-0.17	-0.71	-0.12	0.32	0.03	0.03
Other Operating Expenses	0.67	0.67	0.57		0.01	-0.29	-0.21	0.72	0.73	0.3	-0.4	0.06	0.05	-0.1	-0.45	0.69	-0.72	0.16	0.35	-0.35	-0.33	-0.56	0.57	0.3	0.3
Operating Income	-0.31	0.56	0.62	0.01		0.8	0.78	0.42	-0.08	0.55	-0.14	0.77	-0.29	0.32	-0.38	0.03	-0.38	0.4	0.45	-0.19	-0.24	0.48	-0.28	-0.52	-0.52
Ebit	-0.26	0.49	0.57	-0.29	0.8		0.99	0.33	0.01	0.26	0.2	0.68	-0.13	0.2	-0.18	0.08	-0.25	0.13	0.41	0.17	-0.35	0.53	-0.26	-0.36	-0.36
Ebitda	-0.14	0.56	0.64	-0.21	0.78	0.99		0.38	0.12	0.26	0.19	0.66	-0.14	0.16	-0.18	0.19	-0.31	0.09	0.47	0.17	-0.44	0.45	-0.15	-0.28	-0.28
Cost Of Revenue	0.36	0.93	0.81	0.72	0.42	0.33	0.38		0.57	0.44	-0.21	0.53	0.16	0.12	-0.69	0.54	-0.88	0.28	0.31	-0.19	-0.27	-0.17	0.2	-0.02	-0.02
Total Operating Expenses	0.85	0.67	0.68	0.73	-0.08	0.01	0.12	0.57		0.02	-0.07	-0.03	0.04	-0.31	-0.13	0.97	-0.62	-0.2	0.62	0.0	-0.76	-0.49	0.76	0.53	0.53
Net Income	-0.11	0.5	0.51	0.3	0.55	0.26	0.26	0.44	0.02		-0.82	0.72	0.29	0.07	-0.19	0.08	-0.23	0.94	0.37	-0.84	-0.2	-0.06	-0.1	-0.19	-0.19
Income Tax Expense	-0.11	-0.21	-0.19	-0.4	-0.14	0.2	0.19	-0.21	-0.07	-0.82		-0.19	-0.08	0.22	0.09	-0.06	0.1	-0.81	-0.2	0.99	0.15	0.3	-0.09	-0.1	-0.1
Income Before Tax	-0.3	0.63	0.65	0.06	0.77	0.68	0.66	0.53	-0.03	0.72	-0.19		0.39	0.39	-0.25	0.08	-0.3	0.61	0.39	-0.23	-0.17	0.25	-0.26	-0.44	-0.44
Total Other Income Expense Net	-0.02	0.11	0.06	0.05	-0.29	-0.13	-0.14	0.16	0.04	0.29	-0.08	0.39		0.17	0.19	0.05	0.11	0.34	-0.1	-0.08	0.12	-0.3	-0.01	0.07	0.07
Interest Expense	-0.34	0.09	0.06	-0.1	0.32	0.2	0.16	0.12	-0.31	0.07	0.22	0.39	0.17		-0.33	-0.24	-0.15	0.01	-0.07	0.2	0.33	0.26	-0.33	-0.21	-0.21
Selling General Administrative	0.04	-0.52	-0.35	-0.45	-0.38	-0.18	-0.18	-0.69	-0.13	-0.19	0.09	-0.25	0.19	-0.33		-0.1	0.84	-0.11	0.04	0.08	-0.17	-0.19	0.25	0.14	0.14
Research Development	0.78	0.68	0.73	0.69	0.03	0.08	0.19	0.54	0.97	0.08	-0.06	0.08	0.05	-0.24	-0.1		-0.6	-0.16	0.71	-0.01	-0.81	-0.41	0.76	0.48	0.48
Selling And Marketing Expenses	-0.39	-0.84	-0.73	-0.72	-0.38	-0.25	-0.31	-0.88	-0.62	-0.23	0.1	-0.3	0.11	-0.15	0.84	-0.6		-0.03	-0.37	0.07	0.32	0.07	-0.18	-0.1	-0.1
Net Income From Continuing Ops	-0.31	0.28	0.25	0.16	0.4	0.13	0.09	0.28	-0.2	0.94	-0.81	0.61	0.34	0.01	-0.11	-0.16	-0.03		0.09	-0.85	0.06	0.01	-0.28	-0.32	-0.32
Non Operating Income Net Other	0.42	0.59	0.75	0.35	0.45	0.41	0.47	0.31	0.62	0.37	-0.2	0.39	-0.1	-0.07	0.04	0.71	-0.37	0.09		-0.18	-0.83	-0.11	0.48	0.24	0.24
Tax Provision	-0.02	-0.19	-0.17	-0.35	-0.19	0.17	0.17	-0.19	0.0	-0.84	0.99	-0.23	-0.08	0.2	0.08	-0.01	0.07	-0.85	-0.18		0.11	0.23	-0.02	-0.01	-0.01
Interest Income	-0.61	-0.55	-0.71	-0.33	-0.24	-0.35	-0.44	-0.27	-0.76	-0.2	0.15	-0.17	0.12	0.33	-0.17	-0.81	0.32	0.06	-0.83	0.11		0.2	-0.59	-0.33	-0.33
Net Interest Income	-0.77	-0.15	-0.12	-0.56	0.48	0.53	0.45	-0.17	-0.49	-0.06	0.3	0.25	-0.3	0.26	-0.19	-0.41	0.07	0.01	-0.11	0.23	0.2		-0.72	-0.68	-0.68
Reconciled Depreciation	0.91	0.28	0.32	0.57	-0.28	-0.26	-0.15	0.2	0.76	-0.1	-0.09	-0.26	-0.01	-0.33	0.25	0.76	-0.18	-0.28	0.48	-0.02	-0.59	-0.72		0.66	0.66
Extraordinary Items	0.72	0.01	0.03	0.3	-0.52	-0.36	-0.28	-0.02	0.53	-0.19	-0.1	-0.44	0.07	-0.21	0.14	0.48	-0.1	-0.32	0.24	-0.01	-0.33	-0.68	0.66		1.0
Non Recurring	0.72	0.01	0.03	0.3	-0.52	-0.36	-0.28	-0.02	0.53	-0.19	-0.1	-0.44	0.07	-0.21	0.14	0.48	-0.1	-0.32	0.24	-0.01	-0.33	-0.68	0.66	1.0

Click cells to compare fundamentals

Socket Mobile Account Relationship Matchups

Socket Mobile income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
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
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
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)
Interest Expense	100.7M	97.5K	199K	175K	242.2K	230.1K
Research Development	3.9M	3.1M	4.0M	4.4M	4.8M	3.4M
Tax Provision	219.1K	(51K)	(1.9M)	(708K)	(692K)	(726.6K)
Net Interest Income	(100.7K)	(98K)	(199K)	(175K)	(211.1K)	(221.6K)

Currently Active Assets on Macroaxis

S	SentinelOne
GM	General Motors
V	Visa Class A
C	Citigroup
C	Citigroup

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:

How To Invest In Socket

Details

Is Socket Stock a good investment?

Details

What is Socket Mobile's Net Worth?

Details

Largest Technology Hardware, Storage & Peripherals Companies

View

Largest Technology Hardware & Equipment Companies

View

Check out Socket Mobile Valuation and Socket Mobile Correlation analysis.

For more information on how to buy Socket Stock please use our How to Invest in Socket Mobile guide.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

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.

	Global Correlations Find global opportunities by holding instruments from different markets
	Transaction History View history of all your transactions and understand their impact on performance
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	AI Investment Finder Use AI to screen and filter profitable investment opportunities
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Socket Income Statement Research

Socket Mobile income statement Correlations

Socket Mobile Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Socket Mobile income statement Accounts

Currently Active Assets on Macroaxis

Complementary Tools for Socket Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Recurring	+ 1.0	Extraordinary Items
Ebitda	+ 0.99	Ebit
Tax Provision	+ 0.99	Income Tax Expense
Research Development	+ 0.97	Total Operating Expenses
Gross Profit	+ 0.96	Total Revenue
Net Income From Continuing Ops	+ 0.94	Net Income

Selling And Marketing Expenses	- 0.88	Cost Of Revenue
Tax Provision	- 0.85	Net Income From Continuing Ops
Tax Provision	- 0.84	Net Income
Selling And Marketing Expenses	- 0.84	Total Revenue
Interest Income	- 0.83	Non Operating Income Net Other
Income Tax Expense	- 0.82	Net Income