Last $2.12 USD
Change Today +0.06 / 2.91%
Volume 80.6K
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As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

infosonics corp (IFON) Snapshot

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03/21/14 - $4.69
52 Week Low
10/1/13 - $0.48
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infosonics corp (IFON) Details

InfoSonics Corporation designs, develops, manufactures, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, dealer agents, resellers, and original equipment manufacturers. Its products include wireless handsets; entry-level, mid-tier, and high-end feature phones; Android-based smartphones; and tablets and accessories. The company markets its products under verykool brand name in Latin America, as well as on a private label basis in the Asia Pacific, Europe, and Africa. InfoSonics Corporation was founded in 1994 and is headquartered in San Diego, California.

67 Employees
Last Reported Date: 03/14/14
Founded in 1994

infosonics corp (IFON) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, P...
Total Annual Compensation: $365.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $195.0K
Compensation as of Fiscal Year 2013.

infosonics corp (IFON) Key Developments

InfoSonics Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

InfoSonics Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported net sales for the 2014 second quarter of $10.4 million, which represented a $2.1 million, or 25%, increase from $8.3 million for the second quarter of 2013. The company reported sales growth to customers in each of its geographical areas, including a 300% increase in Mexico and a 71% increase in the United States. Net income for the second quarter of 2014 was $109,000 compared to a $47,000 loss in the second quarter of 2013. The second quarter of 2013 benefited from $527,000 of other income related to the legal defeasance of a previously recorded supplier obligation. Operating income was $135,000 against loss of $569,000 a year ago. Income before provision for income taxes was $109,000 against loss of $29,000 a year ago. For the six months ended June 30, 2014, the company's net sales were $22.1 million, which represented a $5.9 million, or 37%, increase from $16.2 million for the comparable period of the prior year. For the six months ended June 30, 2014, net income was $164,000, or $0.01 per share, compared to a loss of $756,000, or $0.05 per share, in the comparable period of the prior year. Operating income was $196,000 against loss of $1,328,000 a year ago. Income before provision for income taxes was $167,000 against loss of $731,000 a year ago. Net cash used in operating activities was $448,000 against net cash provided by operating activities of $262,000 a year ago. Purchase of property and equipment was $43,000 against $58,000 a year ago.

MobileTREC Partners with InfoSonics for First Ever Smartphone Equipped with Next-Gen Safety Capabilities

MobileTREC announced their partnership with InfoSonics Corporation to offer the smartphone pre-equipped with MobileTREC's patented mobile safety platform. The partnership kicked off with the launch of the verykool(R) s505, which InfoSonics announced on May 21, with plans for future handset collaborations in the works. This is the first fully integrated mobile safety solution that provides users with a family locator service, GPS sex offender locator, a Threat Level index, as well as essential E911 call and text routing with delivery of vital medical information to 911. Other features include Community Intelligence that indicates danger zones and safe zones before user enter them, and safety network alerts for friends and family. And, when calling for help isn't an option, MobileTREC's the only platform to provide users with text-to-911 routing.

Infosonics Corp. Launch Verykool s505 Smart Phone

Infosonics Corp. announced the launch of its new verykool s505 smart phone, the most dynamic mobile handset the company has offered to date. The s505, nicknamed the 'Spark,' has an ultra high-end design. It is powered by a 1.3 GHz quad core processor and is equipped with the Android 4.2 (Jelly Bean) operating system. The phone will be upgradable to Android 4.4 (KitKat) in the near future via a partnership with Red Bend Software, the market leader in mobile software management. The Spark sports a 5-inch HD IPS-LCD, on-cell touch screen with full lamination, an 8 mm ultra slim profile and is being offered at a suggested retail price of $199. In addition to providing a comprehensive set of features, the Spark is the first smart phone to come preloaded with the Personal Safety Services application from MobileTREC, which allows texting to 911 and immediate deployment of emergency help across multiple contacts when personal safety is at risk. InfoSonics noted the following additional details of the s505: 3G HSPA+ 21 Mbps DL, 5.6 Mbps UL; 3G (850/1900/2100 and 850/1700/2100); 2G (850/1900). Connectivity includes Wi-Fi, Wi-Fi hotspot, modem tethering, Bluetooth, GPS, A-GPS and USB port. 1280x720 HD IPS-LCD on-cell touch screen with full lamination. SMS and MMS messaging plus push e-mail, IM and SNS. Built-in FM radio, multimedia player and recorder, 1080 HD video recording. 2,000 mAh Li-Ion battery. Speakerphone, proximity/light/gravity sensors and 3.5 mm audio jack. Stereo headset, travel adapter and charger included. The verykool s505 is available now in two versions: a single SIM version for operator customers and a dual SIM (unlocked) version for the open market. Suggested retail price: $199 (U.S.).


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