zagg inc (ZAGG) Key Developments
ZAGG Inc. Strengthens International Sales Team
Nov 7 13
ZAGG Inc. has recruited three experienced professionals to strengthen its international sales efforts. Martin Anderson, Jean Fischer and Carolina Vasquez will direct the company's international sales accounts, as well as specific efforts in France and South America. Martin Anderson, ZAGG's new international sales director, has more than 30 years of sales experience. Most recently, Anderson served as vice president of international sales at Built NY Inc., a B2C company that develops bags, totes and cases, where he implemented customer retention strategies and enhanced the brand's growth by building relationships with international distributors. Prior to joining ZAGG as sales manager, Jean Fischer was a business development executive for Otterbox. Based in France, Fisher has also worked with Belkin, Packard Bell and other leading technology companies. For ZAGG, Fischer will expand the company's distribution in France and neighboring countries. Carolina Vasquez, who will serve as ZAGG's Latin America sales manager, has expertise in business, marketing, product branding and sales operations. Vasquez previously worked for Canon Latin America, where she initiated and opened the first Canon Experience Store in Colombia, tripling camera sales in her assigned territories over a five-year period.
ZAGG Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Revises Earnings Guidance for the Full Year of 2013
Nov 5 13
ZAGG Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales of $49,869,000 against $59,828,000 a year ago. Income from operations was $6,436,000 against $7,118,000 a year ago. Income before provision for income taxes was $5,615,000 against $5,346,000 a year ago. Net income was $3,184,000 against $3,388,000 a year ago. Basic and diluted earnings per share were $0.10 against $0.11 a year ago. Adjusted EBITDA was $10,176,000 against $12,028,000 a year ago. Pro forma net income was $5,866,000 against $6,957,000 a year ago. Pro forma EPS were $0.19 against $0.22 a year ago.
For the nine months, the company reported net sales of $152,538,000 against $176,943,000 a year ago. Income from operations was $13,858,000 against $28,232,000 a year ago. Income before provision for income taxes was $11,396,000 against $22,995,000 a year ago. Net income was $6,834,000 against $14,311,000 a year ago. Basic and diluted earnings per share were $0.22 against diluted earnings per share of $0.45 a year ago. Adjusted EBITDA was $26,771,000 against $41,660,000 a year ago. Pro forma net income was $15,477,000 against $23,892,000 a year ago. Pro forma EPS were $0.49 against $0.75 a year ago.
The company is revising full year revenue guidance for 2013 down to a range of $212.0 million - $218.0 million from the previous range of $245.0 million - $252.0 million. The company is also revising full year Adjusted EBITDA guidance to $37.5 million - $39.5 million from the previous range of $41.0 million - $42.2 million.
ZAGG Inc. Announces Agreement with D&H Distributing Co., Inc
Oct 29 13
ZAGG Inc. has entered a direct distribution agreement with D&H Distributing Co., Inc. As part of the agreement, D&H Distributing will sell a number of products from ZAGG's line of award-winning accessories for smartphones, tablets and other consumer electronic devices. D&H Distributing will offer ZAGG products through various channels, including college bookstores, consumer electronics dealers and video gaming dealers.
ZAGG Inc. Introduces Creative Product Solutions for the New Apple iPad Air
Oct 24 13
ZAGG Inc. introduced creative product solutions for the new Apple iPad Air. The full suite of accessories includes keyboards, cases, protective films and audio. ZAGG products for the new Apple iPad Air include: ZAGGkeys Folio and ZAGGkeys Cover for iPad Air, $99.99. The ZAGGkeys Folio and ZAGGkeys Cover are ultra-thin Bluetooth(R) keyboards featuring a patent-pending pivoting hinge that allows users to place the iPad Air at virtually any viewing angle, just like a laptop screen. Both keyboards feature backlit keys to support typing in low light areas, and a powerful battery to keep the tablet running for up to three months. When not in use for typing, the Cover locks behind the iPad Air to offer a pure reading and playing mode. The Folio offers full device coverage in attractive styling. The ZAGGkeys Folio will be available online and through select retail partners beginning in early November, with the ZAGGkeys Cover available shortly thereafter. ZAGG invisibleSHIELD family, $34.99 and up. The industry leader in screen protection, the invisibleSHIELD line guards the iPad Air from nicks, dings, scratches, impact and fingerprints. invisibleSHIELD films are easily applied to the entire device or only to its screen. iFrogz Script, $59.99. The Script is a folio-style case that features a highly durable, lightweight snap-in frame. The Script provides numerous viewing angles and protects both the back and the front of the device against impact damage, dust and scratches. The iFrogz Script is available in red, green, blue, black, and orange.
ZAGG Inc., Q3 2013 Earnings Call, Nov 05, 2013
Oct 16 13
ZAGG Inc., Q3 2013 Earnings Call, Nov 05, 2013