IFON ~The most Undervalued NASDAQ Stock~ Updated DD
1) InfoSonics Corporation (NASDAQ:IFON) , headquartered in San Diego, California and founded in 1994, is the parent company of several subsidiaries dedicated to the design, development, manufacturing, sale and distribution of the company’s proprietary line of products under the verykool® brand.
The majority of our phones are sold under the verykool® brand, primarily throughout Latin America. However, we also sell our products on a private-label basis under an Original Design Manufacturer (“ODM”) business model (under which we build products to other customers requirements and brand name) in China, India, South East Asia, Europe and Africa. Our customers include network operators, open market distributors and ODM customers.
We have sales and support personnel located in Miami, Florida and in various countries throughout Latin America. Our R&D center and Asia Pacific sales office is located in Beijing, China. We also have a procurement, quality control and manufacturing control office located in Shenzhen, China, where we have established relationships with selected assembly companies (EMS providers) who manufacture our verykool® products.
IFON OFFICES:
USA
San Diego
Miami
CHINA
Beijing
Shenzhen
Website : http://www.infosonics.com
Product Website : http://www.verykool.net
2) IFON products: Smart phones, tablets, Micro CD carts, Batteries, UBS car chargers..
http://store.verykool.net/all_products_s/1828.htm
3) IFON's verykool™ products are sold in 28 countries and 5 continents around the world.
NORTH AMERICA: USA, Mexico
CARIBBEAN: Dominican Republic, Puerto Rico
CENTRAL AMERICA: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama
SOUTH AMERICA: Venezuela, Colombia, Ecuador, Peru, Bolivia, Chile, Paraguay, Argentina, Uruguay
EUROPE: France, Italy, Ukraine, Russia
AFRICA: Zimbabwe
ASIA: China, India, Vietnam, Indonesia
http://www.verykool.net/Company/Location/
4) As of December 31, 2013, we had 67 employees and contractors. Of these employees and contractors, 2 were in executive management positions, 15 were engaged in sales and marketing, 23 were in research and development, 3 were in service operations, 4 were in finance and administration, and 20 were in product development, logistics and field engineering. From time to time, we utilize temporary employees to perform warehouse functions. Our employees and contractors are not covered by a collective bargaining agreement. We believe that our relations with our employees and contractors are good.
page 5
http://www.sec.gov/Archives/edgar/data/127403...69d10k.htm
5) We shipped 1.9 million units in 2013, an 86% increase over 1.0 million units shipped in 2012.
page 17
http://www.sec.gov/Archives/edgar/data/127403...69d10k.htm
~~~~~~~~~~~~~~~~ IFON FINANCIALS ~~~~~~~~~~~~~~~~~~
IFON Q1, 2014 result: NET PROFIT, NO DEBT, REVENUE INCREASED 49%
SAN DIEGO, May 13, 2014 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON), the provider of verykool(R) wireless handset solutions and tablets, today announced results for its first quarter ended March 31, 2014.
"We are pleased to report a third consecutive quarter of profitability," said Joseph Ram, president and CEO of InfoSonics. "Sales in the first quarter grew 49% over the same quarter last year, gross profit grew 50% and operating expenses declined by 6%. Unit shipments during the quarter rose 51% compared to the prior year. Most importantly, we reported a large swing in profitability by turning a $709,000 loss in the first quarter of 2013 into a $55,000 profit in the first quarter of 2014. Also significant, in late March we secured a $2 million bank line of credit that will provide future liquidity, together with the arrangement of $4 million of credit insurance that will enable our manufacturing vendors to extend credit to us that was not previously available."
InfoSonics reported net sales for the 2014 first quarter of $11.6 million, which represented a $3.8 million, or 49%, increase from $7.8 million for the first quarter of 2013. The Company reported sales growth in a number of geographical areas, primarily in South America and increased private label sales to customers in Europe. These increases were partially offset by a decline in sales to customers in Central America.
Gross profit in the first quarter of 2014 was $2.1 million, a 50% increase over $1.4 million in the 2013 first quarter. The gross profit margin as a percent of sales in the first quarter of 2014 rose to 17.8% compared to 17.7% in the 2013 first quarter.
Operating expenses in the first quarter of 2014 were $2.0 million, a decrease of $129,000, or 6%, compared to $2.1 million in the 2013 first quarter. This reflects a $42,000, or 2%, increase in SG&A expenses and a $171,000, or 43%, decrease in R&D expenses.
Net income for the first quarter of 2014 was $55,000, a significant improvement over the net loss of $709,000 in the first quarter of 2013.
At March 31, 2014, the Company had $1.1 million in cash, $16.3 million of net working capital and no outstanding indebtedness.
http://online.wsj.com/article/PR-CO-20140513-908914.html
http://www.sec.gov/Archives/edgar/data/127403...14d10q.htm
Q3, 2013 financials
Revenue: 9.87 million dollars
Net Income: 35,000 dollars
Total Debt: ~0~, Zero
http://www.sec.gov/Archives/edgar/data/127403...dex991.htm
http://www.infosonics.com/index.php/investors...11-06-2013
Q4, 2013 financials
Revenue: 11.87 million dollars
Net Income: 125,000 dollars
Total Debt: ~0~, Zero
Joseph Ram, president and CEO of InfoSonics: "We are pleased to report a third consecutive quarter of profitability ,"
http://online.wsj.com/article/PR-CO-20140513-908914.html
6) At March 31, 2014, IFON had $16.3 million of net working capital and no outstanding indebtedness.
http://online.wsj.com/article/PR-CO-20140513-908914.html
7) IFON share structure As of May 14, 2014
Float under 10 million,
O/S 14.3 million,
A/S 40 million
http://www.sec.gov/Archives/edgar/data/127403...14d10q.htm
IFON insiders hold 31.53% of outstanding shares. The company founder, CEO, and President Joseph Ram holds 29.98% of outstanding shares . HE IS THE BIGGEST SHAREHOLDER OF THE COMPANY.
Shares Beneficially Owned, Percent
Named Executive Officers
CEO, Joseph Ram (also a Director) 4,348,750 29.98 %
CFO, Vernon A. LoForti 192,500 1.32%
Randall P. Marx, director: 40,600
Robert S. Picow: 50,500
Kirk A. Waldron: 40,500
All current executive officers and directors as a group (5 persons) 4,672,850 31.53 %
page 16
http://www.sec.gov/Archives/edgar/data/127403...def14a.htm
9) Top 10 institutional Owners of InfoSonics Corp
StockholderStake Shares owned
Renaissance Technologies LLC 1.84% 260,814
The Vanguard Group, Inc. 1.32% 187,832
The California Public Employees R... 0.77% 108,700
Northern Trust Investments, Inc. 0.15% 21,133
Plancorp LLC 0.14% 20,000
The Bank of New York Mellon Corp.... 0.13% 19,033
Girard Partners Ltd. 0.11% 15,000
KCG Americas LLC 0.10% 14,186
Tower Research Capital LLC 0.06% 8,211
BlackRock Advisors LLC 0.03% 3,600
Top 10 Mutual Funds Holding InfoSonics Corp
Mutual fund Stake Shares owned
Vanguard Extended Market Index Fu... 1.32% 187,832
Fidelity Spartan Extended Market ... 0.30% 41,938
BlackRock Master Extended Market ... 0.03% 3,600
Wilshire Micro Cap ETF 0.02% 2,193
http://money.cnn.com/quote/shareholders/share...titutional
According to CNN Money, %38.09 of shares held by Individual shareholders
http://money.cnn.com/quote/shareholders/share...titutional
10) IFON USA distributor Ingram Micro (NYSE:IM) is the worlds largest IT mobility distributor.
SAN DIEGO, Dec. 18, 2013 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON) today announced that it had entered into a non-exclusive Distribution Agreement with Ingram Micro Mobility (formerly Brightpoint, Inc.), a wholly owned subsidiary of Ingram Micro Inc. (NYSE: IM).
"We are very pleased to enter into this agreement with Ingram Micro Mobility to distribute our verykool® phones in the United States," said Joseph Ram, InfoSonics president and chief executive officer. "We view this as a win-win scenario for both parties in which InfoSonics will gain access to Ingram Micro Mobility's vast distribution network to carriers, retail and on-line customer channels and Ingram Micro Mobility is able to expand its product offerings to include the verykool® family of competitively priced and innovative products."
http://www.prnewswire.com/news-releases/infos...68951.html
11) IFON CEO: 7 NEW PRODUCTS!! COMING TO USA MARKET IN 2014
The new model will be one of "six or seven" devices coming to the U.S. this year , including some feature phones, CEO Ram said. Two of them will arrive within the next few months. The feature phones will target the elderly user and ruggedized markets.
http://www.pcmag.com/article2/0,2817,2454132,00.asp
12) TWO NEW PRODUCTS RELEASED SO FAR IN 2014:
February 03, 2014: verykool® T742 KolorPad™ Android Tablet T742Tablet With 3G, Wi-Fi Launched For $149
http://www.verykool.net/Products/T742/#
http://www.infosonics.com/index.php/investors...02-03-2014
April 3, 2014: InfoSonics Expands Smartphone Product Line with Release of the verykool® s450 ‘Onyx’: $139
http://www.verykool.net/Products/s450/
http://www.infosonics.com/index.php/investors...04-03-2014
13) BIG DEAL COMING! WITH T-mobile Smartphone for $99
IFON CEO Ram: "We've been working with T-Mobile, going through their certification process, which will allow us to sell product to their MVNOs and their dealer channel,"
By Sascha Segan
February 26, 2014 11:59am EST
BARCELONA—John Dvorak, your $99 unlocked smartphone is almost here.
"That price point already exists on the 3.5- and 4-inch screen sizes, but for the U.S., we're not sure if the U.S. consumer will accept that level of spec," said Joseph Ram, the CEO of Infosonics, which makes the Verykool line of unlocked smartphones. (We've reviewed two Verykool phones, the RS90 and S470.)
Instead of a low-end $99 model, we North Americans are going to have to settle for something that's simply cheaper than its Samsung and LG competition. In the second quarter of this year, Infosonics will release a $249 smartphone compatible with the AT&T and T-Mobile LTE networks in the U.S ., Ram told me.
The new phone will have a 5-inch, 960-by-640 screen, 13-megapixel main camera, 2-megapixel front camera, and a 1.2GHz Qualcomm Snapdragon 400 processor, Ram said. He showed me a phone with the same physical design as the upcoming phone, and it looks very Samsung: it's made of white plastic, with a textured back and a screen with narrow side bezels but a noticeable top and bottom bezel. The back and battery are removable, and it has a MicroSD memory card slot.
MWC Bug Art
"We've been working with T-Mobile, going through their certification process, which will allow us to sell product to their MVNOs and their dealer channel," Ram said. "If you look at this device, even if you put 'Samsung' on it, you wouldn't tell. In terms of quality, finish and everything else, it's as good as a Tier One OEM."
The new model will be one of "six or seven" devices coming to the U.S. this year, including some feature phones, Ram said. Two of them will arrive within the next few months. The feature phones will target the elderly user and ruggedized markets.
"Carriers have approached us asking about feature phones," Ram said.
By the second half of the year, Infosonics will be able to provide Android phones with upgradeable firmware, as well. While the company can't guarantee Android updates for all of its phones, as the hardware may not be supported by new versions of Android, once the software is in place, it'll deliver updates for all the devices it can, Ram said.
"We want to position ourselves in terms of a good product, a good user experience, a great design and a price point most customers can afford to pay. That's a value proposition," he said.
During our chat, meanwhile, Ram also revealed that Microsoft will drop its license fee for Windows Phone by up to 70 percent.
http://www.pcmag.com/article2/0,2817,2454132,00.asp
14) IFON Recent Press Releases
04/03/14 InfoSonics Expands Smartphone Product Line with Release of the verykool® s450 ‘Onyx’
03/06/14 InfoSonics Reports Fourth Quarter 2013 Results
02/03/14 InfoSonics Broadens Product Line with Launch of the verykool® T742 KolorPad™ Tablet
12/18/13 InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
11/06/13 InfoSonics Reports Third Quarter 2013 Results Profitability on 84% Increase in Sales
10/16/13 InfoSonics Adds to its Lineup with the Affordable Power of the verykool® s400 “Ruby”
09/12/13 InfoSonics Introduces its Most Powerful Smartphone: the verykool® s470 “Black Pearl”
08/14/13 InfoSonics Reports Second Quarter 2013 Results
07/23/13 InfoSonics Expands its Ruggedized Lineup with Introduction of the verykool® RS90 Vortex Smartphone
05/14/13 InfoSonics Reports First Quarter 2013 Results
05/13/13 InfoSonics Expands its Ruggedized Lineup with Introduction of the verykool® RS75 Smartphone
http://www.infosonics.com/index.php/investors/press-releases
15) CONTACT
Corporate Headquarters
3636 Nobel Drive
Suite 325
San Diego, CA 92122
Tel: (858) 373-1600
Fax: (858) 373-1503
Investors: (858) 373-1675
Beijing, China Office
R&D Site Room 1701
Reward Building C, No. 203
2nd Section of Wang Jing
Li Ze Zhong Yaun, Chaoyang District
Beijing P.R. of China 100102
http://www.infosonics.com/index.php/contact
IFON's products are UNLOCKED smartphones and tablets. The company's Float under 10 million, Outstanding shares 14.3 million, NO DEBT, Profitable NASDAQ Company.
CEO holds 29.98% of shares.
With Ingram Micro's distribution agreement, The company wants to increase sales in USA, in 2013 sales increased 86%. The company works with T-mobile to bring the market UNLOCKED smartphones for $99
The market cap of the stock 26 million dollars currently!!.
IFON is the best take over candidate as well for giant internet companies.
It is the most undervalued company on the NASDAQ Board IMO.
This is my DD, Read, Check filings and news make your own dd
~Blue~
1) InfoSonics Corporation (NASDAQ:IFON) , headquartered in San Diego, California and founded in 1994, is the parent company of several subsidiaries dedicated to the design, development, manufacturing, sale and distribution of the company’s proprietary line of products under the verykool® brand.
The majority of our phones are sold under the verykool® brand, primarily throughout Latin America. However, we also sell our products on a private-label basis under an Original Design Manufacturer (“ODM”) business model (under which we build products to other customers requirements and brand name) in China, India, South East Asia, Europe and Africa. Our customers include network operators, open market distributors and ODM customers.
We have sales and support personnel located in Miami, Florida and in various countries throughout Latin America. Our R&D center and Asia Pacific sales office is located in Beijing, China. We also have a procurement, quality control and manufacturing control office located in Shenzhen, China, where we have established relationships with selected assembly companies (EMS providers) who manufacture our verykool® products.
IFON OFFICES:
USA
San Diego
Miami
CHINA
Beijing
Shenzhen
Website : http://www.infosonics.com
Product Website : http://www.verykool.net
2) IFON products: Smart phones, tablets, Micro CD carts, Batteries, UBS car chargers..
http://store.verykool.net/all_products_s/1828.htm
3) IFON's verykool™ products are sold in 28 countries and 5 continents around the world.
NORTH AMERICA: USA, Mexico
CARIBBEAN: Dominican Republic, Puerto Rico
CENTRAL AMERICA: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama
SOUTH AMERICA: Venezuela, Colombia, Ecuador, Peru, Bolivia, Chile, Paraguay, Argentina, Uruguay
EUROPE: France, Italy, Ukraine, Russia
AFRICA: Zimbabwe
ASIA: China, India, Vietnam, Indonesia
http://www.verykool.net/Company/Location/
4) As of December 31, 2013, we had 67 employees and contractors. Of these employees and contractors, 2 were in executive management positions, 15 were engaged in sales and marketing, 23 were in research and development, 3 were in service operations, 4 were in finance and administration, and 20 were in product development, logistics and field engineering. From time to time, we utilize temporary employees to perform warehouse functions. Our employees and contractors are not covered by a collective bargaining agreement. We believe that our relations with our employees and contractors are good.
page 5
http://www.sec.gov/Archives/edgar/data/127403...69d10k.htm
5) We shipped 1.9 million units in 2013, an 86% increase over 1.0 million units shipped in 2012.
page 17
http://www.sec.gov/Archives/edgar/data/127403...69d10k.htm
~~~~~~~~~~~~~~~~ IFON FINANCIALS ~~~~~~~~~~~~~~~~~~
IFON Q1, 2014 result: NET PROFIT, NO DEBT, REVENUE INCREASED 49%
SAN DIEGO, May 13, 2014 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON), the provider of verykool(R) wireless handset solutions and tablets, today announced results for its first quarter ended March 31, 2014.
"We are pleased to report a third consecutive quarter of profitability," said Joseph Ram, president and CEO of InfoSonics. "Sales in the first quarter grew 49% over the same quarter last year, gross profit grew 50% and operating expenses declined by 6%. Unit shipments during the quarter rose 51% compared to the prior year. Most importantly, we reported a large swing in profitability by turning a $709,000 loss in the first quarter of 2013 into a $55,000 profit in the first quarter of 2014. Also significant, in late March we secured a $2 million bank line of credit that will provide future liquidity, together with the arrangement of $4 million of credit insurance that will enable our manufacturing vendors to extend credit to us that was not previously available."
InfoSonics reported net sales for the 2014 first quarter of $11.6 million, which represented a $3.8 million, or 49%, increase from $7.8 million for the first quarter of 2013. The Company reported sales growth in a number of geographical areas, primarily in South America and increased private label sales to customers in Europe. These increases were partially offset by a decline in sales to customers in Central America.
Gross profit in the first quarter of 2014 was $2.1 million, a 50% increase over $1.4 million in the 2013 first quarter. The gross profit margin as a percent of sales in the first quarter of 2014 rose to 17.8% compared to 17.7% in the 2013 first quarter.
Operating expenses in the first quarter of 2014 were $2.0 million, a decrease of $129,000, or 6%, compared to $2.1 million in the 2013 first quarter. This reflects a $42,000, or 2%, increase in SG&A expenses and a $171,000, or 43%, decrease in R&D expenses.
Net income for the first quarter of 2014 was $55,000, a significant improvement over the net loss of $709,000 in the first quarter of 2013.
At March 31, 2014, the Company had $1.1 million in cash, $16.3 million of net working capital and no outstanding indebtedness.
http://online.wsj.com/article/PR-CO-20140513-908914.html
http://www.sec.gov/Archives/edgar/data/127403...14d10q.htm
Q3, 2013 financials
Revenue: 9.87 million dollars
Net Income: 35,000 dollars
Total Debt: ~0~, Zero
http://www.sec.gov/Archives/edgar/data/127403...dex991.htm
http://www.infosonics.com/index.php/investors...11-06-2013
Q4, 2013 financials
Revenue: 11.87 million dollars
Net Income: 125,000 dollars
Total Debt: ~0~, Zero
Joseph Ram, president and CEO of InfoSonics: "We are pleased to report a third consecutive quarter of profitability ,"
http://online.wsj.com/article/PR-CO-20140513-908914.html
6) At March 31, 2014, IFON had $16.3 million of net working capital and no outstanding indebtedness.
http://online.wsj.com/article/PR-CO-20140513-908914.html
7) IFON share structure As of May 14, 2014
Float under 10 million,
O/S 14.3 million,
A/S 40 million
http://www.sec.gov/Archives/edgar/data/127403...14d10q.htm
IFON insiders hold 31.53% of outstanding shares. The company founder, CEO, and President Joseph Ram holds 29.98% of outstanding shares . HE IS THE BIGGEST SHAREHOLDER OF THE COMPANY. Shares Beneficially Owned, Percent
Named Executive Officers
CEO, Joseph Ram (also a Director) 4,348,750 29.98 %
CFO, Vernon A. LoForti 192,500 1.32%
Randall P. Marx, director: 40,600
Robert S. Picow: 50,500
Kirk A. Waldron: 40,500
All current executive officers and directors as a group (5 persons) 4,672,850 31.53 %
page 16
http://www.sec.gov/Archives/edgar/data/127403...def14a.htm
9) Top 10 institutional Owners of InfoSonics Corp
StockholderStake Shares owned
Renaissance Technologies LLC 1.84% 260,814
The Vanguard Group, Inc. 1.32% 187,832
The California Public Employees R... 0.77% 108,700
Northern Trust Investments, Inc. 0.15% 21,133
Plancorp LLC 0.14% 20,000
The Bank of New York Mellon Corp.... 0.13% 19,033
Girard Partners Ltd. 0.11% 15,000
KCG Americas LLC 0.10% 14,186
Tower Research Capital LLC 0.06% 8,211
BlackRock Advisors LLC 0.03% 3,600
Top 10 Mutual Funds Holding InfoSonics Corp
Mutual fund Stake Shares owned
Vanguard Extended Market Index Fu... 1.32% 187,832
Fidelity Spartan Extended Market ... 0.30% 41,938
BlackRock Master Extended Market ... 0.03% 3,600
Wilshire Micro Cap ETF 0.02% 2,193
http://money.cnn.com/quote/shareholders/share...titutional
According to CNN Money, %38.09 of shares held by Individual shareholders
http://money.cnn.com/quote/shareholders/share...titutional
10) IFON USA distributor Ingram Micro (NYSE:IM) is the worlds largest IT mobility distributor.
SAN DIEGO, Dec. 18, 2013 /PRNewswire/ -- InfoSonics Corporation (NASDAQ: IFON) today announced that it had entered into a non-exclusive Distribution Agreement with Ingram Micro Mobility (formerly Brightpoint, Inc.), a wholly owned subsidiary of Ingram Micro Inc. (NYSE: IM).
"We are very pleased to enter into this agreement with Ingram Micro Mobility to distribute our verykool® phones in the United States," said Joseph Ram, InfoSonics president and chief executive officer. "We view this as a win-win scenario for both parties in which InfoSonics will gain access to Ingram Micro Mobility's vast distribution network to carriers, retail and on-line customer channels and Ingram Micro Mobility is able to expand its product offerings to include the verykool® family of competitively priced and innovative products."
http://www.prnewswire.com/news-releases/infos...68951.html
11) IFON CEO: 7 NEW PRODUCTS!! COMING TO USA MARKET IN 2014
The new model will be one of "six or seven" devices coming to the U.S. this year , including some feature phones, CEO Ram said. Two of them will arrive within the next few months. The feature phones will target the elderly user and ruggedized markets.
http://www.pcmag.com/article2/0,2817,2454132,00.asp
12) TWO NEW PRODUCTS RELEASED SO FAR IN 2014:
February 03, 2014: verykool® T742 KolorPad™ Android Tablet T742Tablet With 3G, Wi-Fi Launched For $149
http://www.verykool.net/Products/T742/#
http://www.infosonics.com/index.php/investors...02-03-2014
April 3, 2014: InfoSonics Expands Smartphone Product Line with Release of the verykool® s450 ‘Onyx’: $139
http://www.verykool.net/Products/s450/
http://www.infosonics.com/index.php/investors...04-03-2014
13) BIG DEAL COMING! WITH T-mobile Smartphone for $99
IFON CEO Ram: "We've been working with T-Mobile, going through their certification process, which will allow us to sell product to their MVNOs and their dealer channel,"
By Sascha Segan
February 26, 2014 11:59am EST
BARCELONA—John Dvorak, your $99 unlocked smartphone is almost here.
"That price point already exists on the 3.5- and 4-inch screen sizes, but for the U.S., we're not sure if the U.S. consumer will accept that level of spec," said Joseph Ram, the CEO of Infosonics, which makes the Verykool line of unlocked smartphones. (We've reviewed two Verykool phones, the RS90 and S470.)
Instead of a low-end $99 model, we North Americans are going to have to settle for something that's simply cheaper than its Samsung and LG competition. In the second quarter of this year, Infosonics will release a $249 smartphone compatible with the AT&T and T-Mobile LTE networks in the U.S ., Ram told me.
The new phone will have a 5-inch, 960-by-640 screen, 13-megapixel main camera, 2-megapixel front camera, and a 1.2GHz Qualcomm Snapdragon 400 processor, Ram said. He showed me a phone with the same physical design as the upcoming phone, and it looks very Samsung: it's made of white plastic, with a textured back and a screen with narrow side bezels but a noticeable top and bottom bezel. The back and battery are removable, and it has a MicroSD memory card slot.
MWC Bug Art
"We've been working with T-Mobile, going through their certification process, which will allow us to sell product to their MVNOs and their dealer channel," Ram said. "If you look at this device, even if you put 'Samsung' on it, you wouldn't tell. In terms of quality, finish and everything else, it's as good as a Tier One OEM."
The new model will be one of "six or seven" devices coming to the U.S. this year, including some feature phones, Ram said. Two of them will arrive within the next few months. The feature phones will target the elderly user and ruggedized markets.
"Carriers have approached us asking about feature phones," Ram said.
By the second half of the year, Infosonics will be able to provide Android phones with upgradeable firmware, as well. While the company can't guarantee Android updates for all of its phones, as the hardware may not be supported by new versions of Android, once the software is in place, it'll deliver updates for all the devices it can, Ram said.
"We want to position ourselves in terms of a good product, a good user experience, a great design and a price point most customers can afford to pay. That's a value proposition," he said.
During our chat, meanwhile, Ram also revealed that Microsoft will drop its license fee for Windows Phone by up to 70 percent.
http://www.pcmag.com/article2/0,2817,2454132,00.asp
14) IFON Recent Press Releases
04/03/14 InfoSonics Expands Smartphone Product Line with Release of the verykool® s450 ‘Onyx’
03/06/14 InfoSonics Reports Fourth Quarter 2013 Results
02/03/14 InfoSonics Broadens Product Line with Launch of the verykool® T742 KolorPad™ Tablet
12/18/13 InfoSonics Strikes Distribution Agreement with Ingram Micro Mobility
11/06/13 InfoSonics Reports Third Quarter 2013 Results Profitability on 84% Increase in Sales
10/16/13 InfoSonics Adds to its Lineup with the Affordable Power of the verykool® s400 “Ruby”
09/12/13 InfoSonics Introduces its Most Powerful Smartphone: the verykool® s470 “Black Pearl”
08/14/13 InfoSonics Reports Second Quarter 2013 Results
07/23/13 InfoSonics Expands its Ruggedized Lineup with Introduction of the verykool® RS90 Vortex Smartphone
05/14/13 InfoSonics Reports First Quarter 2013 Results
05/13/13 InfoSonics Expands its Ruggedized Lineup with Introduction of the verykool® RS75 Smartphone
http://www.infosonics.com/index.php/investors/press-releases
15) CONTACT
Corporate Headquarters
3636 Nobel Drive
Suite 325
San Diego, CA 92122
Tel: (858) 373-1600
Fax: (858) 373-1503
Investors: (858) 373-1675
Beijing, China Office
R&D Site Room 1701
Reward Building C, No. 203
2nd Section of Wang Jing
Li Ze Zhong Yaun, Chaoyang District
Beijing P.R. of China 100102
http://www.infosonics.com/index.php/contact
IFON's products are UNLOCKED smartphones and tablets. The company's Float under 10 million, Outstanding shares 14.3 million, NO DEBT, Profitable NASDAQ Company.
CEO holds 29.98% of shares.
With Ingram Micro's distribution agreement, The company wants to increase sales in USA, in 2013 sales increased 86%. The company works with T-mobile to bring the market UNLOCKED smartphones for $99
The market cap of the stock 26 million dollars currently!!.
IFON is the best take over candidate as well for giant internet companies.
It is the most undervalued company on the NASDAQ Board IMO.
This is my DD, Read, Check filings and news make your own dd
~Blue~
