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FREMONT, Calif. - Socket Mobile, Inc. (NASDAQ: SCKT), a $9.35 million market cap company generating annual revenues of $18.33 million, announced that its XtremeScan and DuraSled product lines are now fully compatible with the recently launched iPhone 16e, an industrial-grade smartphone by Apple (NASDAQ:AAPL). This development is aimed at enhancing data capture processes in sectors like warehousing, logistics, and manufacturing that require durable and efficient technology solutions. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment.
The iPhone 16e, designed for use in demanding work environments, boasts a long battery life and enhanced drop resistance. Together with Socket Mobile’s scanning solutions, it is expected to offer a robust tool for businesses that rely on the iOS platform for their operations. The XtremeScan provides water, dust, and drop protection, while the DuraSled offers a one-handed scanning solution with a protective sled case design. With the company’s earnings report due on February 25, investors can access detailed financial analysis and growth projections through InvestingPro’s comprehensive research reports.
Dave Holmes, Chief Business Officer at Socket Mobile, stated that the compatibility with iPhone 16e reinforces the company’s commitment to delivering adaptable and future-proof data capture technology for industrial use. He emphasized that their products, when paired with the rugged iPhone 16e, will allow customers to benefit from the reliable performance of their barcode scanning solutions while utilizing the user-friendly iOS interface. Despite maintaining a healthy gross profit margin of 51%, InvestingPro data shows the company faces profitability challenges in the current market environment.
Both the XtremeScan and DuraSled families are compatible with all existing applications that support Socket Mobile’s CaptureSDK. This software development kit enables application developers to incorporate Socket Mobile’s data capture devices into their applications, thus providing end-users with reliable and consistent performance. With CaptureSDK, businesses can interchange various data capture devices from Socket Mobile, selecting the most suitable reader for their specific needs.
The announcement is based on a press release statement and provides industrial businesses with information on how to leverage these data capture solutions alongside the iPhone 16e for improved productivity and efficiency. For further details, interested parties can visit the XtremeScan and DuraSled family pages on Socket Mobile’s website.
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