Socket Mobile (SCKT) Tax Provisions (2015 - 2023)

Socket Mobile (SCKT) has 9 years of Tax Provisions data on file, last reported at -$1.5 million in Q4 2023.

• Quarterly Tax Provisions fell 106.21% year-over-year to -$1.5 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was -$2.2 million (down 353.02% YoY) and the FY2025 annual result came in at -$10.7 million, down 1835.28% from the prior year.
• Tax Provisions slipped to -$1.5 million in Q4 2023, from -$150000.0 in the prior quarter.
• In the past five years, Tax Provisions ranged from a high of $3.5 million in Q4 2021 to a low of -$1.5 million in Q4 2023.
• A 5-year average of $235008.5 and a median of $40320.0 in 2022 frame the typical range for Tax Provisions.
• Annual changes were most pronounced in 2021 — Tax Provisions surged 32600.0% — and 2023, when it sank 228.77%.
• Tracing SCKT's Tax Provisions over 5 years: stood at $304158.0 in 2019, then tumbled by 83.11% to $51378.0 in 2020, then jumped by 6724.79% to $3.5 million in 2021, then plunged by 120.19% to -$708000.0 in 2022, then slumped by 106.21% to -$1.5 million in 2023.
• The last three Tax Provisions figures came in at -$1.5 million (Q4 2023), -$150000.0 (Q3 2023), and $166000.0 (Q2 2023), per Business Quant data.