Last $3.44 USD
Change Today +0.29 / 9.21%
Volume 1.0K
IGOI On Other Exchanges
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OTC US
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

igo inc (IGOI) Key Developments

iGo, Inc. Reports Financial Industry Regulatory Authority's Approval of Reverse/Forward Stock Splits

iGo, Inc. announced that it has received approval from the Financial Industry Regulatory Authority (FINRA) clearing the reverse and forward stock splits of the company's common stock previously approved by its stockholders and announced on June 25. The reverse and forward stock splits are intended to reduce the costs associated with servicing stockholder accounts holding relatively small numbers of shares of the company's common stock. According to FINRA's approval, the reverse and forward stock splits will take effect on July 18.

iGo, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

iGo, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. Net revenue for the first quarter of 2014 was $1.6 million as compared to $5.6 million in the same period of the prior year. The decline in revenue is primarily attributable to lower sales of power products. Net loss was $1.1 million, or $0.38 per basic and diluted share, in the first quarter of 2014, compared with a net loss of $2.5 million, or $0.86 per basic and diluted share, in the same quarter of the prior year.

iGo, Inc. Files Form 15

iGo, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.

iGO, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

iGO, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. Net revenue for the fourth quarter of 2013 was $3.2 million as compared to $6.4 million in the same period of the prior year. The decline in revenue is primarily attributable to lower sales of power products. Net loss for the quarter ended December 31, 2013 was $2.9 million, or $0.99 per share, as compared to a net loss of $3.9 million, or $1.34 per share, in the same quarter of the prior year. Net loss in the fourth quarter of 2012 included $1.4 million in write-downs in the value of goodwill and other intangible assets. Loss from operations was $2.931 million against $3.559 million a year ago. Net revenue for the year ended December 31, 2013 was $16.9 million, as compared to $29.9 million for the year ended December 31, 2012. Net loss for the year ended December 31, 2013 was $12.6 million or $4.30 per share, as compared to a net loss of $12.0 million, or $4.22 per share for the year ended December 31, 2012. Loss from operations was $12.599 million against $10.657 million a year ago.

Incipio and iGO, Inc. Announces Licensing Agreement

Incipio and iGO, Inc. announced a definitive licensing agreement. Through the agreement, Incipio(R) will manage manufacturing, sales and distribution of iGO(R) products. The agreement offers unique opportunities for both companies. iGO(R), recognized for offering a wide-range of power solutions for mobile devices, will be operated independently as a separate brand from Incipio(R). The iGO(R) portfolio of products will continue to be available through iGO's growing sales channels, and customers will see new iGO(R) products launching in the coming months.

 

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