Imagine shopping at a popular retailer right on Black Friday – the day after Thanksgiving. But instead of a nightmarish line at the checkout, a friendly store employee is able to check you out from anywhere in the store with only his or her iPad and a unique handheld scanner.
Socket Mobile Inc. (OTCQX: SCKT) aims to make that scenario a reality.
Socket Mobile provides handheld devices and cordless barcode scanning solutions designed to empower the mobile workforce. From its SoMo 655 handheld computer to Apple certified 2D and 1D scanners, the company aims to capitalize on the increasingly mobile workforce by providing highly portable solutions that provide a dependable platform for mobile applications and data capture flexibility.
The company’s two primary products include:
- Growth drivers in place for both major product lines, with the launch an Apple certified version of its lower-cost 1D scanners during the first quarter of this year and the release of the SoMo 655 in the second quarter of this year.
- Experienced management team that is working to achieve positive cash flow from future revenue growth by managing operating expenses while maintaining its commitment to R&D.
- Secular growth in end markets like the healthcare and hospitality markets should drive adoption of its products over the long-term, as both industries transition to mobile.