Socket Mobile Reports Second Quarter and Six-Months 2022 Results
Second Quarter 2022 Financial Highlights:
- Second Quarter 2022 Financial Highlights:
Revenue increased 2% to $6.05 million, compared to $6.0 million in the prior-year quarter, and decreased by 4% sequentially compared to $6.3 million in Q1 2022. - Gross margin was 50.2% compared with 54.7% for the prior year's quarter and 49.7% in the preceding quarter.
- Operating expenses for the second quarter of 2022 were $2.8 million, an increase of 17% compared to operating expenses of $2.4 million in the prior year quarter, and an increase of 7% sequentially in the preceding quarter.
- Operating income was $189,000 compared to an operating income of $814,000 for the prior-year quarter, and $464,000 in the preceding quarter.