Keep a close eye on Infosonics (IFON)
Posted in the Spring Lake Forum
Since: Sep 13
#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.
Full article at http://drstockpick.com/26597/top-news/infoson...
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