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Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled

Dec. 01, 2021 4:21 PM ETSocket Mobile, Inc. (SCKT)1 Comment


  • SCKT expects contactless products to generate meaningful revenue from 2022 onwards.
  • Supply chain disruptions could go past 2021, but management has taken strategic actions to make sure inventory keeps up with demand.
  • As the economy continues its final leg of re-opening, SCKT will greatly benefit from retail.
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Asian male florist, owner of small business flower shop, using digital tablet while working on laptop against flowers and plants. Checking stocks, taking customer orders, selling products online. Daily routine of running a small business with technology

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The company announced strong Q3:21 results, delivering its sixth consecutive quarter of operating profitability. Revenue rose 54% YOY. Management did caution against supply shortages and inflationary pressure to persist in 2022, which could impact profitability. We increase our target price to $10.50

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This article was written by

Singular Research profile picture
Singular Research aims to be a trusted supplier of independent research on micro/small cap companies. We provide initiation reports and quarterly updates on roughly 40 uncovered companies. We cover growth and value style equity ideas leveraging the extensive experience and knowledge of our in house staff of over 6 CFA's. Award winning original research with a following of over 105 institutional clients with over $60 billion in assets under mgmt. Singular is closely associated with the existing author Cook Capital Management.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SCKT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

Interesting story and interesting numbers.
Clear re-acceleration in revenue as the author notes.
Gross Margins have stayed consistent at 50 - 55%

Adding value by publishing API and getting lots of apps published on your device...genius

And TAM expansion quite possibly on the horizon.

However ultimately they are just selling hardware?
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