infosonics corp (IFON) Key Developments
InfoSonics Corporation Introduces Economical LTE Smartphone, The verykool® SL4500 'Fusion'
Mar 23 15
InfoSonics Corporation announced the availability of its new verykool® Fusion SL4500 'a budget 4G LTE 4.5-inch smartphone equipped with multiple LTE bands optimized to run on every major U.S. GSM carrier. InfoSonics noted the following additional details of the SL4500: 11 bands of operation: 4 GSM bands, 3 4G bands and 4 LTE bands (Band 2, 4, 17/12); Android 4.4 KitKat (upgradable to Lollipop); 1 GB RAM, 8 GB ROM, external storage via microSD up to 64 GB; 2,000 mAh Li-Ion battery; Ships with verykool app suites that include the verykool device care management and the verykool app; Fully accessorized. Includes: Semi-transparent clear gel smart cover case, screen protector, stereo headset, travel charger and microUSB data cable. The verykool® SL4500 is available as a dual SIM or single SIM operators' version. Suggested retail price: USD 159.
Infosonics Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Mar 4 15
Infosonics Corp. reported unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the year ended December 31, 2014. For the quarter, the company reported net sales of USD 17,937,000 against USD 11,865,000 a year ago. Operating income was USD 818,000 against USD 148,000 a year ago. Income before provision for income taxes was USD 741,000 against USD 148,000 a year ago. Net income was USD 730,000 or USD 0.05 per basic and diluted share against USD 125,000 or USD 0.01 per basic and diluted share a year ago.
For the year, the company reported net sales of USD 48,144,000 against USD 37,895,000 a year ago. Operating income was USD 286,000 against operating loss of USD 1,145,000 a year ago. Income before provision for income taxes was USD 275,000 against loss before provision for income taxes of USD 546,000 a year ago. Net income was USD 261,000 or USD 0.02 per basic and diluted share against net loss of USD 597,000 or USD 0.04 per basic and diluted share a year ago. Net cash used in operating activities was USD 2,943,000 against USD 3,714,000 a year ago. Purchase of property and equipment was USD 116,000 against USD 145,000 a year ago.
Infosonics Corporation Unveils the Latest Addition to the Verykool Product Lineup, the s6001 Cyprus
Feb 17 15
InfoSonics Corporation has unveiled the latest addition to the verykool product lineup the s6001 Cyprus, an all-purpose 6-inch phablet. The Cyprus features a stunning 6-inch IPS LCD capacitive touchscreen with full lamination, 13-megapixel auto-focus rear camera and 3-megapixel front camera housed in a sleek and contemporary, ultra-thin 8mm metal frame available in gold and silver. Powered by a 1.3GHz quad-core processor, the Cyprus runs on Android 4.4 (KitKat) and is equipped with 1GB RAM, 8GB ROM and a micro SD slot for optional storage expansion up to 32GB. The big, 6-inch phablet provides the performance and speed needed to run everything from complex mobile apps to streaming videos. In addition, the screen provides a 69.9% screen-to-body ratio, which is superior to the 65.8% ratio of other manufactured devices. InfoSonics noted the following additional details of the s6001: 4G HSPA+ (21 Mbps DL, 5.76 Mbps UL); 3G Dual Band (850/1900); 2g Quad Band (850/900/1800/1900) GSM/GPRS/EDGE; Dual SIM card support; 2,300 mAh Li-Ion battery (Up to 7 hours talk time, up to 240 hours standby); 720x1280 pixels, 245 ppi display resolution; Connectivity includes Wi-Fi, Wi-Fi hotspot, USB tethering, Bluetooth v4.0 LE; SMS and MMS messaging plus push e-mail; Loudspeaker, 3.5 mm audio connector, GPS/A-GPS, ambient light sensor, proximity/gravity sensor; Preloaded with Google-Play Store, Google Maps, verykool App, Facebook, Twitter, YouTube, Skype, and Kingsoft Office; Packaged with transparent clear-gel smart cover case, microUSB data cable, high-end stereo headset, UL-certified travel charger, user guide and warranty card. The verykool s6001 Cyprus is available now in a dual SIM version for both operator and open market customers.
InfoSonics Corporation Announces the Launch of its First Selfie-Focused Verykool S5015 Smartphone
Feb 2 15
InfoSonics Corporation announced the launch of its first selfie-focused verykool® S5015 smartphone. Nicknamed the Spark II, the S5015 features an 8-megapixel high-quality rear camera with dual flash as well as a selfie-friendly 5-megapixel front-facing, auto-focus camera with LED flash. The Spark II is housed within an ultra-thin 8mm streamlined chassis, powered by a 1.3 GHz quad core processor and equipped with Android 4.4 KitKat. The phone features a 5-inch (1280x720p) HD IPS-LCD display with one glass solution and full lamination. Designed to help capture all of life's special moments, the Spark II's auto-focus rear camera has a built-in editor and live view while the front-facing camera includes a pre-loaded application that lets users take hands. InfoSonics noted additional details of the S5015: 4G HSPA+ (850/1900/AWS1700-2100); works on both AT&T and T-Mobile networks as well as many MVNO's and prepaid platforms 2G (850/900/1800/1900), 1 GB RAM, 8 GB ROM, external storage via microSD up to 32 GB, Dual SIM, Connectivity includes Wi-Fi, Wi-Fi hotspot, USB tethering, Bluetooth v4.0, GPS with A-GPS and USB data port, SMS and MMS messaging plus push e-mail, IM and SNS, Multimedia player and recorder, HD 720p video recording, 2,000 mAh Li-Ion battery (Standby time: Up to 13 days | Talk time: Up to 13 hours), Speakerphone, proximity/ambient light/gravity sensor, blue indication light and 3.5mm audio jack. The verykool® S5015 is available now as a dual SIM for operator customers and the open market. Suggested retail price is $179.90.
Infosonics Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 14 14
Infosonics Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales were $8,138,000 compared to $9,867,000 for the same period a year ago. Operating loss was $728,000 compared to operating profit of $35,000 for the same period a year ago. Loss before provision for income taxes was $633,000 compared to income before provision for income taxes of $37,000 for the same period a year ago. Net loss was $633,000 or $0.04 per basic and diluted share compared to net income of $34,000 or $0 per basic and diluted share for the same period a year ago.
For the nine months, the company reported net sales were $30,207,000 compared to $26,030,000 for the same period a year ago. Operating loss was $532,000 compared to $1,293,000 for the same period a year ago. Loss before provision for income taxes was $466,000 compared to $694,000 for the same period a year ago. Net loss was $469,000 or $0.03 per basic and diluted share compared to net loss of $722,000 or $0.05 per basic and diluted share for the same period a year ago. Net cash used in operating activities was $1,718,000 compared to $4,212,000 for the same period a year ago. Purchase of property and equipment was $90,000 compared to $97,000 for the same period a year ago.