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Last $1.24 USD
Change Today +0.01 / 0.81%
Volume 29.5K
IFON On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

infosonics corp (IFON) Key Developments

InfoSonics Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

InfoSonics Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of USD 0.678 million, or USD 0.05 per diluted share against net income of USD 0.109 million or USD 0.01 per diluted share a year ago. Operating loss was USD 0.597 million against income of USD 0.135 million a year ago. Loss before provision for income taxes was USD 0.678 million against income of USD 0.109 million a year ago. For the six months, the company reported net loss of USD 0.146 million, or USD 0.01 per diluted share against net income of USD 0.164 million or USD 0.01 per diluted share a year ago. Operating income was USD 61,000 against USD 196,000 a year ago. Loss before provision for income taxes was USD 0.143 million against income of USD 0.167 million a year ago. Net cash provided by operating activities was USD 4.137 million against net cash used in operating activities of USD 0.448 million a year ago. Purchase of property and equipment was USD 102,000 against USD 43,000 a year ago.

InfoSonics Corporation Enters into Third Amendment to Loan and Security Agreement with Silicon Valley Bank

On August 4, 2015, InfoSonics Corporation entered into the third amendment to loan and security agreement with Silicon Valley Bank. The amendment modifies the original loan and security agreement that was dated as of March 27, 2014, as amended. The primary purposes of the amendment are as follows: Increase Maximum Advances from $4,000,000 to $7,000,000; Extend the Maturity Date from September 27, 2015 to September 27, 2017; and Reset the Minimum Tangible Net Worth covenant to $15,000,000 effective June 30, 2015.

Infosonics Seeks Acquisitions

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

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 Corp., Annual General Meeting, Jun 08, 2015

Infosonics Corp., Annual General Meeting, Jun 08, 2015., at 14:00 Pacific Standard Time. Location: 3636 Nobel Drive. Agenda: To elect four directors nominated by the Board of Directors, each to serve until the next annual meeting of stockholders or until a successor is elected and qualified; to approve the InfoSonics Corporation 2015 Equity Incentive Plan; to ratify the selection of SingerLewak LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to consider and vote upon such other business as may properly come before the Annual Meeting or any adjournment thereof.

 

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