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TheStreet Open House

Socket Mobile's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Socket Mobile, Inc. (SCKT)

Q2 2012 Earnings Call

July 26, 2012, 5:00 p.m. ET

Executives



Jim Byers – SVP, MKR Group

Kevin Mills – President and CEO

Dave Dunlap – CFO, VP - Finance and Administration and Secretary

Analysts



Brian Swift – Security Research Associates

Paul Bornstein– Black Diamond Advisers, LLC

Bernard Fidel – Private Investor

Roy Rogers – Private Investor

Presentation



Operator



Greetings, and welcome to the Socket Mobile Second Quarter 2012 Management Conference Call. (Operator Instructions)

It is now my pleasure to introduce your host, Jim Byers of MKR Group. Thank you, Mr. Byers, you may begin.

Jim Byers



Thank you, Operator. Good afternoon and welcome to Socket’s conference call today to review financial results for its 2012 second quarter ended June 30th, 2012. On the call today from Socket are Kevin Mills, President and CEO, and Dave Dunlap, Chief Financial Officer. Socket Mobile distributed its earnings release over the wire service at the close of the market today. The release has also been posted on Socket’s website at www.socketmobile.com. In addition, the replay of today’s call will be available at vcall.com shortly after the call’s completion, and a transcript of this call will be posted on Socket’s website within a few days. We’ve also posted replay numbers in today’s press release for those wishing to replay this call by phone. The phone replays will be available for one week.

Before we begin, I would like to remind everyone that this conference call may contain forward-looking statements within the meaning of section 27-A of the Securities Act of 1933, as amended, and section 21-E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding mobile computer data collection and OEM products, including details on timing, distribution and market acceptance of products, and statements predicting trends, sales and market conditions and opportunities in the markets in which Socket sells its products. Such statements involve risks and uncertainties, and actual results could differ materially from the results anticipated in such forward-looking statements, as a result of a number of factors, but not limited to, the risk that the manufacture of Socket’s products may be delayed and not rolled out as predicted due to technological market or financial factors including the availability of product components and necessary working capital, the risk that market acceptance and sales opportunities may not happen as anticipated, the risk that Socket’s application partners and current distribution channels may choose not to distribute the products or may not be successful in doing so and the risk that acceptance of Socket’s products and vertical application markets may not happen as anticipated, as well as other risks described in Socket’s most recent form 10-K and 10-Q reports filed with the Securities and Exchange Commission. Socket does not undertake any obligation to update any such forward-looking statements.

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