bbotcs...SCKT....August= best inventory month I've tracked
Here's a copy of the post I put on Yahoo.
August inventory tracking----best month I've seen yet + other thoughts
April & May averaged $750K each and 3176 scanners sold that I tracked (there was a solid order right at the end of April that backlogged and was filled in May so rather than decide which month it landed in, I averaged it out for my record keeping).
June was surprisingly weak at $663K and 2941 scanners.
July picked up and was $713K and 3219 scanners.
August went on a tear and was $854K and 3622 scanners!
Conclusion: The trend is showing growth. The key will be September. As you can see, June was a bit weak so it's an easy month to beat. I'm not sure how much the Apple IOS 8 release will be an issue. Orders this week sure weren't affected by it. Yesterday and today did almost 200 scanners/day (darn good before a 3 day holiday weekend). The other plus is that there are a lot of scanners in inventory at distributors and, based on that same fact that occurred in August, that's a positive (as distributors don't order from Socket unless end customers are asking for it).
Important thoughts for those who own this stock: 2Q did 14,137 scanners (from company). With 65 business days in the quarter, that's 217 units/day. That's not a lot & yet they are now net income positive from it. The whole tablet/cloud POS (and business enterprise) software industry has barely even started to ramp up and it will eventually take over retail (and private businesses). Just research it yourself and see what the big software companies have to say about it. In time, Socket should be able to do 500 units, 800 units, and perhaps even 1000 units/day. It's not a matter of "if", just "when" and "how soon". That's the plus to them being the leaders in a new technology vs trying to make money from an old one (Somo division). 500 units/day makes this an incredibly profitable company and the stock price multiples higher than today. It's just a matter of will it occur at a steady pace forward or will they start to get exponential growth happening and it gets there more rapidly.
AI
