infosonics corp (IFON) Key Developments
Infosonics Seeks Acquisitions
May 27 15
Infosonics Corp. (NasdaqCM:IFON) has filed a shelf registration in the amount of $25 million. A portion of the proceeds will be used to acquire or invest in technologies, products and/or businesses that Infosonics believes will enhance the value of Infosonics.
InfoSonics Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended 31 March 2015
May 8 15
InfoSonics Corporation announced unaudited consolidated earnings results for the first quarter ended 31 March 2015. The company reported net income of USD 0.532 million, or USD 0.04 per share, for the first quarter of 2015, ended 31 March 2015. This was an increase over net income of USD 0.055 million, or USD 0.00 per share, in the first quarter of 2014. Net sales for the quarter were up by 25% to USD 14.5 million, as compared with USD 11.6 million in the first quarter of 2014. Operating income was USD 0.658 million against USD 0.061 million a year ago. Income before provision for income taxes was USD 0.535 million against USD 0.058 million a year ago. Net cash provided by operating activities was USD 1.492 million against net cash used in operating activities of USD 1.332 million a year ago. Purchase of property and equipment was USD 0.003 million against USD 0.014 million a year ago.
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.