Socket reports Q3 2012 financials
Socket Mobile reported revenue for Q3 2012 of US$2.8 million, compared to US$4.7 million Q3 2011. Net loss for the quarter was $983,000, compared to a net loss of $727,000 in Q3 2011. Socket CEO Kevin Mills said that "Sales of our barcode scanning and our handheld computer products were both impacted by marketplace transitions during September, but we have seen a healthier order pace return in October. With our handheld computer products, we experienced purchasing delays in September after the supply of SoMo650s ran out as customers that had stocked SoMo650s were working to exhaust their inventories before purchasing the SoMo655 (see our preview of the SoMo655." [See press release] -- Posted Wednesday, November 7, 2012 by chb