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Re: nelson1234 post# 167186

Wednesday, 07/29/2015 10:47:03 PM

Wednesday, July 29, 2015 10:47:03 PM

Post# of 173846
Nelson....I reached out to the company. What I was told was this order is on top of the normal Somo sales that will be expected. It's from the OEM buyer who purchased some last year ($250K worth in 3rd Q). They want enough units to last them until the transition to the next generation product. However, this is not the end of the Somo. Some of the components are "end of life" (as said on the cc call), but the suppliers are letting them know which and Socket is stockpiling them. They intend to continue selling the Somo to supply their regular customers and expect revenue to continue in 2016 for that division.

If it can still generate some revenue in 2016 (which I'm sure it will if long-term customers need to buy enough to last) that would be great. In 2017 it will be meaningless compared to scanners anyway.
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