SCKT..NCR expands relationship, scanner sales increasing fast
In their last blog, Socket management discussed how they now have 230+ developers signed up to use their SDK (software development kit) to integrate into their product to use Socket scanners.
"If you look at the number of Apple based POS solutions that are recommending or bundling our scanners, it's apparent that the Socket CHS is becoming the de facto standard for barcode scanning for iPad based retail POS solutions."
I found out today that on January 3rd, NCR is expanding their relationship with Socket to include their Counterpoint Mobile software in addition to their NCR Silver product. It shows that Sockets software+scanner products are widely accepted.
But what about sales you say??? In the 3rd Q, Socket did their usual blow out disappointment numbers! Of course. Two positives from this though. One is they have cut expenses BIG TIME. Also, I track inventory at the U.S. Distributor level. (If someone is really interested here they can private message me and I'll tell them exactly how it's done). In October I saw sales at the same weak level as July, Aug, Sept. However, once the IOS 6, iPhone 5, iPad 4, iPad mini debacle was cleared and all the apps approved for new products, sales have never looked back. November was the best month I've ever tracked and was 60% better than October. December has already exceeded November! The key will be to see if January grows on the trend (or drops back a bit due to it being the first month of the quarter). If sales continue to grow in number and $$, then we've got a winner here.
I also know of multiple large deals that are being discussed. If Socket were to sign them, then this stock will be the #1 winner in 2013 imo. If someone is really interested in more info, pm me.
Dave
