Socket Mobile, Inc. (SCKT) has reported a 29.56 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $0.39 million, or $0.05 a share in the quarter, compared with $0.55 million, or $0.09 a share for the same period last year.

Revenue during the quarter grew 11.46 percent to $5.62 million from $5.04 million in the previous year period. Gross margin for the quarter expanded 213 basis points over the previous year period to 51.81 percent. Total expenses were 88.12 percent of quarterly revenues, up from 88.10 percent for the same period last year. That has resulted in a contraction of 1 basis points in operating margin to 11.88 percent.

Operating income for the quarter was $0.67 million, compared with $0.60 million in the previous year period.

Kevin Mills, president and chief executive officer, commented, "Growth in sales of our cordless barcode scanners continues to be driven by the deployment of business applications that require barcode scanning, with mobile point of sale (mPOS) continuing to be the primary driver. mPOS remains a large and underserved market and is increasingly being addressed by many venture capital funded application developers. "As smartphone and tablet technology continues to evolve, we remain focused on attracting and supporting mobile application developers with data capture products designed for the mobile markets they serve and on achieving continued growth and profitability," Mills concluded.