RTTNews | Jul 23, 2021 07:14AM EDT

07:14 Friday, July 23, 2021 (RTTNews.com) - Shares of data capture products for mobile applications maker Socket Mobile, Inc. (SCKT) are up more than 80% in pre-market on Friday.

Thursday, after the market-close, the company reported robust second-quarter results.

Net income in the second quarter was $2.63 million or $0.27 per share compared with net loss of $768000 or $0.13 per share in the same quarter a year ago.

Earnings were benefited from $1.87 million deferred income tax in the second quarter.

Revenue for the quarter increased 119% year-over-year to $5.95 million, primarily driven by the deployments of business applications in the retail industry.

"The market opportunity and positive momentum we are seeing is encouraging as it validates our application driven business model," said Kevin Mills, president and chief executive officer.

SCKT closed Thursday's trade at $5.80, down 3.01%. The stock is currently at $10.56.

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