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Joined you on some SCKT. A few weeks I thought Q3 was a lukewarm quarter, but looks better after seeing all the microcaps posting losses ha. SCKT opened at $4 after the Q3 report. Not sure why down near its 52-week low in the $3.30's now, but seems like a buying opportunity. Only a matter of time before it's back in the $4's imo

The CC was very positive as you noted. They lost about 2 weeks in early September due to the hurricanes. September is typically a robust month for them. So that hurt. And they STILL posted a solid quarter with fully taxed earnings of .06/share, on higher revenues & operating income. Guessing it would have been a .07 quarter without the hurricane slowdown.

Outlook sounds very bullish. Sounds like they'd already shipped $2M in orders in Q4 thru 10/26. Um hello! Q4 could be their first $6M+ revenue quarter. That will hopefully translate into earnings of .08/share or higher. Stock will move right back over $4 if so. And plenty to look forward to in 2018.

From the CC transcript:

Unidentified Analyst

Just one more question on the Q3 order flow. Do you think that perhaps demand is going to snap back in any way and was deferred as a result of natural disasters or whatever, kind of triggered the slow spending. So do you think it plays catch-up over a couple of quarters and then back to normal or is it just sort of an anomaly that never really comes back.

Kevin Mills

First of all, I don’t think the business was lost. It was delayed, so yes it comes back over the following quarters. But I think actually it snaps back probably quicker than this. As we’ve pointed out many times, we have a run rate business and we have large resellers like Amazon and CDW. We can’t obviously see the individual purchases, but you can see the trends. And those two weeks were abnormally low, but we don’t believe the business was lost, it was just delayed. So to answer your question, yes we would expect to think that business up going forward.

David Dunlap

In our ship of orders Matt in October, to-date or now above $2 million almost takes the 40% (inaudible) app that you saw back – we normally see in September and started to move some of that in to the October time period. So we’re expecting if the delay is probably short term for at least a good portion of that and we’ll know more as we go through the quarter.


A few other CC tidbits. They're just getting started in China. They're launching new products in the coming months, and said they plan to do a better job communicating with PRs:

Kevin Mills

Thank you Dave. So in summary, our cordless scanning revenue growth continues to be strong, and we feel very positive about the future. Our application driven business model continues to be validated by the strong results in the US and we have seen very solid increases from online resellers like Amazon and CDW during the year. We’re also seeing strong run rate business in Europe and Japan.

Our products are just becoming available in China, which took longer than expected, and we expect their availability to allow our developer buyers servicing the local market to designer scanners in to their applications. This will take time, but product availability is the first major milestone in the design win process and that has now been achieved.

We believe 2018 will be a big year for Socket Mobile, who expect to launch newer versions of our products with attractive price points and new features which we feel will both solidify our market leadership position and enhance our growth and profitability.





Unidentified Analyst

Just one last question as it relates to your comments on 2018. You mentioned some new versions coming out at some competitive pricing. Can you give any more color around that? I know you want do to.

Kevin Mills

If we gave you all the color now, it wouldn’t be a surprise. I think that we’ve been working hard to make sure that we’re in a better position for next year and in the beginning of the year, particularly as it relates to shows like NRF. This is where you generally launch your new products and people evaluate all the new products in the January or February timeframe which is one of the reasons why business tends to be quite during this period, and then people start purchasing in mid-February. And we will have updated versions with good price points to meet or exceed that customer expectation in that timeframe.




Unidentified Analyst

Is there any change of like issuing any interim information to shareholders like there was no releases between the second and third quarter. So like the new products coming out or anything that’s doing like China was approved or stuff like that. Is there any way of letting us know in the mean time without having to wait for the end of the quarter conference calls?

Kevin Mills

Yeah, we can certainly look at that. I think we’ll have some new products to announce, particularly a time that’s busy for us would be towards the end of the year or January as we have new products to launch etcetera. So I think you will see some more activity in that area between now and the next conference call that you had in the past.


Full CC transcript:

https://seekingalpha.com/article/4117097-socket-mobile-sckt-ceo-kevin-mills-q3-2017-results-earnings-call-transcript?part=single