Is SOCKET MOBILE, INC. (SCKT) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 87.0% / 30% | 31.9% / 30% | 20.4% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 87.0% / 33% | 31.9% / 33% | 20.4% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 24.8% / 33% | 9.1% / 33% | 5.8% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 87.0% / 33% | 31.9% / 33% | 20.4% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 24.8% / 33% | 9.1% / 33% | 5.8% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 49.7% | |
| Operating Margin | -14.9% | |
| Net Margin | -95.4% | |
| Return on Equity (ROE) | -128.2% | |
| Return on Assets (ROA) | -9.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$521,485 |
| Free Cash Flow | -$1M |
| Total Debt | $7M |
| Debt-to-Equity | 181.7 |
| Current Ratio | 1.1 |
| Total Assets | $27M |
Price & Trading
| Last Close | $0.90 |
| 50-Day MA | $1.03 |
| 200-Day MA | $1.08 |
| Avg Volume | 113K |
| Beta | 1.2 |
|
52-Week Range
$0.82
| |
About SOCKET MOBILE, INC. (SCKT)
Socket Mobile, Inc. provides data capture and delivery solutions in the United States, Europe, Asia, and internationally. Its products and solutions are integrated into mobile applications for applications in the areas of point of sale, commercial services, asset tracking, manufacturing and quality control processes, transportation and logistics, event management, medical, and education. The company also offers cordless data capture devices that connect through Bluetooth and work with applications running on smartphones, mobile computers, and tablets; DuraScan 600 series NFC and RFID readers, 700 series companion scanners, 800 series attachable scanners, and the wearable 900 series products; and SocketScan solutions for seamless integration into various business applications, including the 300 series countertop readers, the 500 series NFC mobile wallet readers, the 700 series companion scanners, and the 800 series attachable scanners. In addition, it provides DuraSled, a protective barcode sled scanner; SocketCam C820 and C860, which are camera-based barcode scanners; and software developer kits, such as CaptureSDK that enables the App providers to modify captured data, control the placement of the barcoded or RFID data in their applications, and control the feedback to the user. Further, the company offers XtremeScan case, XtremeScan, and XtremeScan grip for the iphone. It serves retail, commercial services, industrial and manufacturing, transportation and logistics, and healthcare industries through a network of distributors, online resellers, and application providers, as well as online stores. The company was formerly known as Socket Communications, Inc. and changed its name to Socket Mobile, Inc. in April 2008. Socket Mobile, Inc. was founded in 1992 and is headquartered in Fremont, California.
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Frequently Asked Questions
Is SOCKET MOBILE, INC. (SCKT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SOCKET MOBILE, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SOCKET MOBILE, INC.'s debt ratio?
SOCKET MOBILE, INC.'s debt ratio is 87.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 24.8%.
What are SOCKET MOBILE, INC.'s key financial metrics?
SOCKET MOBILE, INC. has a market capitalization of $7M, and revenue of $19M. The company maintains a gross margin of 49.7% and a net margin of -95.4%. Return on equity stands at -128.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.