Last $2.18 USD
Change Today -0.04 / -1.80%
Volume 49.7K
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As of 9:39 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

infosonics corp (IFON) Snapshot

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52 Week High
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 Reveals its First LTE Smartphone

InfoSonics Corporation announced the launch of its new verykool(R) SL5000 smartphone, the company's first device to include expansive support for LTE 4G networks. The SL5000, nicknamed the Quantum, is powered by Qualcomm's Snapdragon 400 -- 1.2 GHz quad core processor--and is equipped with Android 4.4 KitKat. The Quantum is housed within an 8.9mm ultra-slim and contemporary frame, which features a 5-inch FWVGA LCD TFT-IPS touchscreen with full lamination. The Quantum also includes an 8-megapixel autofocus rear camera with high definition 720p recording, LED flash and a 2-megapixel user-facing camera. InfoSonics noted the following additional details of the SL5000: 4G LTE (Band 2-- 1900, Band 4--AWS1700-2100, Band 17/12--700); 3G HSPA+ (850/1900/AWS1700-2100);2G GSM (850/900/1800/1900); 4G LTE Category 4, 150Mbps Downlink, 50Mbps Uplink; 3G HSPA+ 42 Mbps Downlink, 11Mbps Uplink; 5-inch FWVGA LCD TFT-IPS touchscreen with full lamination (480 x 854 pixels); 1 GB RAM, 4 GB ROM, external storage via microSD up to 64 GB; Connectivity includes Wi-Fi, Wi-Fi hotspot, USB tethering, Bluetooth v4.0 LE, GPS with A-GPS and USB data port; SMS and MMS messaging plus push e-mail, IM and SNS; Built-in FM radio, multimedia player and recorder, HD 720p video recording; 2,000 mAh Li-Ion battery (Standby time: Up to 10 days | Talk time: Up to 8 hours); Speakerphone, proximity/light/gravity sensor and 3.5mm audio jack; Stereo headset, travel charger and microUSB data cable included. The verykool(R) SL5000 is available now as a single SIM for operator customers and for the open market. Suggested retail price: USD 230.

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.


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