Socket Historical Income Statement

SCKT Stock

USD 1.62 0.12 8.00%

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.

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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.

Net Income Gross Profit

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 closely tied 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.

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

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).

Total Revenue Gross Profit Other Operating Expenses Operating Income Cost Of Revenue

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.

Operating Income

Operating Income is the amount of profit realized from Socket Mobile operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Socket Mobile is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

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 closely tied 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

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	-0.25	-0.14	0.36	0.85	-0.11	-0.11	-0.3	-0.03	-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	0.54	0.6	0.93	0.67	0.5	-0.21	0.63	-0.12	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	0.58	0.65	0.81	0.68	0.51	-0.19	0.65	0.07	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	-0.24	-0.16	0.72	0.73	0.3	-0.4	0.06	-0.23	-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		0.65	0.63	0.42	-0.08	0.55	-0.14	0.77	0.35	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	-0.25	0.54	0.58	-0.24	0.65		0.99	0.42	0.03	0.37	0.16	0.82	-0.06	0.25	-0.13	0.09	-0.22	0.27	0.33	0.13	-0.26	0.38	-0.26	-0.32	-0.32
Ebitda	-0.14	0.6	0.65	-0.16	0.63	0.99		0.47	0.14	0.37	0.15	0.8	-0.07	0.21	-0.12	0.2	-0.28	0.24	0.39	0.13	-0.34	0.29	-0.16	-0.24	-0.24
Cost Of Revenue	0.36	0.93	0.81	0.72	0.42	0.42	0.47		0.57	0.44	-0.21	0.53	-0.36	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	0.03	0.14	0.57		0.02	-0.07	-0.03	-0.05	-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	0.37	0.37	0.44	0.02		-0.82	0.72	-0.05	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	0.16	0.15	-0.21	-0.07	-0.82		-0.19	0.04	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	0.82	0.8	0.53	-0.03	0.72	-0.19		-0.04	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	-0.03	-0.12	0.07	-0.23	0.35	-0.06	-0.07	-0.36	-0.05	-0.05	0.04	-0.04		0.04	0.22	0.07	0.14	-0.17	0.4	0.03	-0.44	0.31	0.07	-0.11	-0.11
Interest Expense	-0.34	0.09	0.06	-0.1	0.32	0.25	0.21	0.12	-0.31	0.07	0.22	0.39	0.04		-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	-0.13	-0.12	-0.69	-0.13	-0.19	0.09	-0.25	0.22	-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	0.09	0.2	0.54	0.97	0.08	-0.06	0.08	0.07	-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	-0.22	-0.28	-0.88	-0.62	-0.23	0.1	-0.3	0.14	-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	0.27	0.24	0.28	-0.2	0.94	-0.81	0.61	-0.17	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	0.33	0.39	0.31	0.62	0.37	-0.2	0.39	0.4	-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	0.13	0.13	-0.19	0.0	-0.84	0.99	-0.23	0.03	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	-0.26	-0.34	-0.27	-0.76	-0.2	0.15	-0.17	-0.44	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	0.38	0.29	-0.17	-0.49	-0.06	0.3	0.25	0.31	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	-0.16	0.2	0.76	-0.1	-0.09	-0.26	0.07	-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	-0.32	-0.24	-0.02	0.53	-0.19	-0.1	-0.44	-0.11	-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	-0.32	-0.24	-0.02	0.53	-0.19	-0.1	-0.44	-0.11	-0.21	0.14	0.48	-0.1	-0.32	0.24	-0.01	-0.33	-0.68	0.66	1.0

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Socket Mobile Account Relationship Matchups

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	(3.2M)	2.8M	(446K)	(3.1M)	(3.0M)
Ebitda	607K	(2.6M)	3.5M	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	1.0M	(133.9K)	(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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Socket Historical Income Statement

About Socket Income Statement Analysis

Socket Mobile Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Cost Of Revenue

Socket Mobile income statement Correlations

Socket Mobile Account Relationship Matchups

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Socket Mobile income statement Accounts

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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