Socket Mobile, Inc. (OTCMKTS:SCKT) Rising After More Positive Results

[[tagnumber 0]][[tagnumber 1]]Back in February Socket Mobile, Inc. (OTCMKTS:SCKT) announced that it has made further progress during the fiscal 2015 and increased its net income yet again. This helped push the company stock up the charts on a volume much higher than the average and we all considered that things can turn out the same way they did around that time in the previous year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The only thing that happened like it did in 2015 was the fact that the daily volumes dropped significantly. [[tagnumber 6]]SCKT[[tagnumber 7]] managed to keep its value and then gain some more, climbing above the $3 per share mark and going further up the charts. In the second half of last month the company finally filed its annual report for 2015 and we got to see the other figures contained in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $938 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $4.71 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $5.45 million[[tagnumber 13]] [[tagnumber 12]]annual revenues: $18.4 million[[tagnumber 13]] [[tagnumber 12]]net income: $1.81 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These numbers look pretty impressive, especially in the balance sheet of an OTC marketplace entity. Furthermore, the market cap of [[tagnumber 6]]SCKT[[tagnumber 7]] isn’t really that big compared to other stocks traded over–the–counter.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]More good news came recently. On Wednesday the company issued a press release announcing a profitable first quarter of 2016 and a revenue increase of around 26% compared to the previous year. This led to another gain of 10.54% on increased volumes. As [[tagnumber 6]]SCKT[[tagnumber 7]] was going for a close at $3.67 we saw a total of 86 thousand shares change their owners and generate $307 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker is still hesitant today and is, so far, 3% in the red. Still, we reckon that it will manage to keep its gains, considering the progress it has made and its current market cap.[[tagnumber 2]]