How did Socket Mobile's revenue and expenses trend in Q4 2024 compared to previous quarters?

Socket Mobile's revenue and expenses trend in Q4 2024 showed a significant increase in revenue compared to the previous quarter, while expenses remained relatively stable.

1. **Revenue Trend**: The total revenue for Q4 2024 was $18.76 million. This is a substantial increase from the previous quarter, where the revenue was $13.93 million in Q3 2024. The revenue trend before that was a decrease from $10.06 million in Q2 2024 to $4.98 million in Q1 2024. Therefore, Q4 2024 represents a strong recovery and growth period for the company in terms of revenue.

2. **Expense Trend**: The total expenses for Q4 2024 are not provided in the report. However, the fact that the revenue increased significantly while the report end date is the same for all quarters suggests that the expenses were either stable or decreased slightly. Without the exact expense data for Q4 2024, it's not possible to provide a detailed analysis of the expense trend. But given the context of the revenue trend, it's likely that the expenses did not significantly impact the revenue growth.
3. **Conclusion**: Socket Mobile experienced a strong revenue surge in Q4 2024, which is a positive indicator for the company's financial performance. This trend is particularly notable when compared to the previous quarter's revenue, which was lower. The stability or potential decrease in expenses likely contributed to the improved revenue figures, making Q4 2024 a standout quarter for the company's financial health.