SCKT...inventory updating for Sept
On the cc call they talked about the concern that Sept could be a slow month with the new Apple IOS 8 update slowing down the tablet POS sales from Socket's partners (and, thus, affecting scanner sales). From my inventory tracking, Sept started very slow, but has picked up pace. It's actually at the same level as August (which is the best month I ever tracked # wise and estimated $ wise). Bodes well for the future if growth can overcome Apple issues.
For 3Q, I've got 3Q N.A. sales I track at a $150K more than 2Q. From the cc call and subsequent e-mails to the company, international sales are expected to be better in 3Q than 2Q also. Toss in the $300K OEM order for Somo internals that is happening this Q and the net result is it should be more sequential growth. Not sure how much as there is always the issue of straight Somo sales stabilizing vs dropping (my tracking numbers indicate a slight decrease) and what level did "large orders" come in at (I do know the 2 large orders talked about in the cc call are actually parts of ongoing orders that carried into 3Q).
If I had to make a prediction right now, I'm looking at $4.6M to $5.0M for 3Q and 4 cents to 9 cents/share. Not sure where on that scale it will be. If it's the low end, it should push the stock into the low $2s. If it's the high end, than obviously much better especially if they are talking 4th Q growing sequentially and on and on.
Dave
