Keep a close eye on Infosonics (IFON)

Keep a close eye on Infosonics (IFON)

Posted in the Spring Lake Forum

Since: Sep 13

Henderson, NV

#1 Nov 6, 2013
Keep a close eye on Infosonics (IFON). Check this out:

IFON reported a profitable quarter driven by an 84% increase in sales of its verykool(R) products over the same period last year, as well as its fourth consecutive quarter of record unit shipments. IFON shipped 477,000 handsets this quarter, a 166% increase compared to unit shipments in the particularly soft third quarter last year.

For the third quarter of 2013, IFON posted net sales of $9.9 million, an 84% increase year over year, gross profit of $1.8 million, a 60% increase compared to the same period the prior year, reflecting the significantly higher level of net sales, and net income for the third quarter of 2013 was $34,000, or $0.00 per share, compared to a net loss of $1.2 million, or $0.08 per share, in the third quarter of 2012.

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