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Socket Mobile, Inc. Message Board

  • knstock2 knstock2 Jul 2, 2014 4:00 AM Flag

    SA Dave

    any pr's upcoming to get the stock moving

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    • I've heard indirectly that they are working on some for July, but who knows if they are ones of substance (i.e. revenue related) or just b.s. as usual (like "hiring a new guy in Europe"). Also, look for earnings to be released around the 23rd or 24th of this month.

      For the 2Q, I am certain (from what I've seen in inventory tracking) that scanners will show nice sequential growth rates---around 20%--- from 1rst Q (this is the "baseline" day-to-day stuff. It does not include any large deals added on, which I've heard they are having discussions on----these are besides the Japanese and van line deal. I don't know any details or if anything actually happened. I have a tendency to not believe them anyways as these type of comments have been made before in the past and never seem to occur. I call it the "Socket Mobile Syndrome"----namely, if something can be screwed up, then management will find a way to do it).

      From my estimates, I think the Somo will be a little weaker still. I'm still #$%$ off that they missed the mark completely with this product line.

      Overall: They put the number of $4.2M out there during the cc call. From what I've seen and calculate---strong scanner growth + slightly weaker Somo---- I'm almost 100% certain it will be met. It'd be almost impossible for them to miss imo (yes, even for Socket management). I actually see a bit of an upside from it. Again, this does not include a large deal added on top. It'd be nice if one happened and the number came in for a big upside surprise. Of course, that would mean Kevin Mills could actually sell something. Until proven otherwise (and based on his track record), I think he's more of CEO that's good for "delivering scanners on time" than anything else. Perhaps we will be surprised?!?

      As long as the number of partners keeps growing and keep selling scanners for us, then "baseline" scanners will keep growing sequentially and that alone should push the stock above $2 soon.

2.30-0.0005(-0.02%)Nov 24 3:54 PMEST