Value Microcaps Motherboard

[curlews]

SCKT 2.00, up 5% on a very positive earnings conference call. Q1 results were not great (lost .01/share, same as last year), but no one expected them to be. But their mobile scanner sales are climbing:

"Our barcode scanning revenue grew 22 percent year-over-year and 13 percent sequentially and represented 86 percent of total revenue for the quarter compared to 75 percent of revenue in last year's first quarter and 78 percent in the immediately preceding quarter."

Their legacy SOMO computer revenue continues to decline, but that's only 11% of sales now, so it will be less of a drag in the future.

On the CC they were very positive about Q2 and Q3, their seasonally strong quarters, noting a "strong April start" and mentioned that sales in the first 3 weeks of April are around 1.5MM. Last year in Q2 they reported 4.4MM for the entire quarter, so this does sound like a very good start. They also expect lower expense in Q2 vs Q1, so more of those sales will reach bottom line. The CC is worth a listen.

I hope we hear from southacresdave, who is our guru on all things SCKT.

http://finance.yahoo.com/news/socket-mobile-reports-first-quarter-200100121.html