Posted On: 12/25/2013 5:18:45 AM
Post# of 275
IFON~ The best NASDAQ stock for 2014!~ New 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) IFON shipped 477,000 handsets in the third quarter, a 166% increase compared to unit shipments in the particularly soft third quarter last year. Sales to customers in South America more than doubled , and sales in Central America increased by 59% .
http://www.infosonics.com/index.php/investors...11-06-2013
5) IFON Third Quarter 2013 Results: Profitability(First time after 6 quarters) on 84% Increase in Sales
InfoSonics reported net sales for the third quarter of 2013 of $9.9 million, which represented a $4.5 million, or 84%, increase from $5.4 million for the third quarter of 2012. As noted above, net sales to carrier customers in South America doubled and sales to customers in Central America grew 59%. Sales were also strong to U.S. based distributors selling to customers in Latin America and Mexico.
Gross profit for the third quarter of 2013 was $1.8 million, a 60% increase from $1.1 million in the 2012 third quarter, reflecting the significantly higher level of net sales. Gross margin as a percent of net sales in the 2013 third quarter was 18.5% compared to 21.2% in the 2012 third quarter. The lower gross margin this year reflects the sale of slow moving inventory at reduced prices and margins, as well as a decrease of private label sales to customers in EMEA and APAC.
Operating expenses in the third quarter of 2013 of $1.8 million declined 23% compared to $2.3 million in the 2012 third quarter. Reduced spending in a number of areas resulted in a 13% decrease in selling, general and administrative expenses. R&D expenses fell by 58%, reflecting savings associated with the consolidation of our China development team earlier in the year into one location in Shenzhen.
Net income for the third quarter of 2013 was $34,000, or $0.00 per share, compared to a net loss of $1.2 million, or $0.08 per share, in the third quarter of 2012.
At September 30, 2013, the Company had $15.8 million in working capital , including $1.9 million in cash and restricted cash , and
NO OUTSTANDING INDEBTEDNESS .
http://www.sec.gov/Archives/edgar/data/127403...dex991.htm
http://www.infosonics.com/index.php/investors...11-06-2013
6) IFON share structure: Float 9.7 million, O/S 14.1 million, A/S 40 million
Common stock, 40 million shares authorized; 14.1 million shares issued and outstanding as of September 30, 2013
page 4,
http://www.sec.gov/Archives/edgar/data/127403...63d10q.htm
7)IFON insiders hold 31.57% of outstanding shares . The company founder, CEO, and President Joseph Ram holds 30.20% of outstanding shares.
Named Executive Officers
Joseph Ram (also a Director)
3636 Nobel Drive, Suite 325
San Diego, California 92122
4,320,625 (2) 30.20 %
Vernon A. LoForti
3636 Nobel Drive, Suite 325
San Diego, California 92122
161,875 (3) *
Directors
Randall P. Marx
3636 Nobel Drive, Suite 325
San Diego, California 92122
33,350 (4) *
Robert S. Picow
3636 Nobel Drive, Suite 325
San Diego, California 92122
43,250 (5) *
Kirk A. Waldron
3636 Nobel Drive, Suite 325
San Diego, California 92122
43,250 (6) *
All current executive officers and directors as a group (5 persons) 4,602,350 outstanding shares (7) 31.57 %
page 19
http://google.brand.edgar-online.com/displayf...m%253dIFON
Top Institutional Holders as of September 30, 2013
Holder Shares % Out Reported
Renaissance Technologies, LLC 260,414 1.84
Vanguard Group, Inc. (The) 187,832 1.32
CALPERS (California-Public Employees Retirement System) 108,700 0.77
Citadel Advisors LLC 27,262 0.19
Northern Trust Corporation 21,133 0.15
Bank of New York Mellon Corporation 19,033 0.13
BlackRock Advisors, LLC 3,600 0.03
UBS AG 3,418 0.02
Wells Fargo & Company 1,376 0.01
American International Group, Inc 900 0.01
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Vanguard Extended Market Index Fund 187,832 1.32
Quantitative Master Series Tr-Extended Market Index Series 3,600 0.03
http://finance.yahoo.com/q/mh?s=IFON+Major+Holders
9) IFON USA distributor Ingram Micro (NYSE:IM) is the worlds largest distributor (iPhone distributor outside USA)
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
10) IFON Recent Press Releases
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
03/22/13 InfoSonics Reports Fourth Quarter 2012 Results
02/26/13 InfoSonics Launches s350 Smartphone | Super Affordable, Entry-Level Android for Emerging Markets
02/12/13 InfoSonics Introduces the verykool® s758 Smartphone/Tablet Crossover
http://www.infosonics.com/index.php/investors/press-releases
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
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) IFON shipped 477,000 handsets in the third quarter, a 166% increase compared to unit shipments in the particularly soft third quarter last year. Sales to customers in South America more than doubled , and sales in Central America increased by 59% .
http://www.infosonics.com/index.php/investors...11-06-2013
5) IFON Third Quarter 2013 Results: Profitability(First time after 6 quarters) on 84% Increase in Sales
InfoSonics reported net sales for the third quarter of 2013 of $9.9 million, which represented a $4.5 million, or 84%, increase from $5.4 million for the third quarter of 2012. As noted above, net sales to carrier customers in South America doubled and sales to customers in Central America grew 59%. Sales were also strong to U.S. based distributors selling to customers in Latin America and Mexico.
Gross profit for the third quarter of 2013 was $1.8 million, a 60% increase from $1.1 million in the 2012 third quarter, reflecting the significantly higher level of net sales. Gross margin as a percent of net sales in the 2013 third quarter was 18.5% compared to 21.2% in the 2012 third quarter. The lower gross margin this year reflects the sale of slow moving inventory at reduced prices and margins, as well as a decrease of private label sales to customers in EMEA and APAC.
Operating expenses in the third quarter of 2013 of $1.8 million declined 23% compared to $2.3 million in the 2012 third quarter. Reduced spending in a number of areas resulted in a 13% decrease in selling, general and administrative expenses. R&D expenses fell by 58%, reflecting savings associated with the consolidation of our China development team earlier in the year into one location in Shenzhen.
Net income for the third quarter of 2013 was $34,000, or $0.00 per share, compared to a net loss of $1.2 million, or $0.08 per share, in the third quarter of 2012.
At September 30, 2013, the Company had $15.8 million in working capital , including $1.9 million in cash and restricted cash , and
NO OUTSTANDING INDEBTEDNESS .
http://www.sec.gov/Archives/edgar/data/127403...dex991.htm
http://www.infosonics.com/index.php/investors...11-06-2013
6) IFON share structure: Float 9.7 million, O/S 14.1 million, A/S 40 million
Common stock, 40 million shares authorized; 14.1 million shares issued and outstanding as of September 30, 2013
page 4,
http://www.sec.gov/Archives/edgar/data/127403...63d10q.htm
7)IFON insiders hold 31.57% of outstanding shares . The company founder, CEO, and President Joseph Ram holds 30.20% of outstanding shares.
Named Executive Officers
Joseph Ram (also a Director)
3636 Nobel Drive, Suite 325
San Diego, California 92122
4,320,625 (2) 30.20 %
Vernon A. LoForti
3636 Nobel Drive, Suite 325
San Diego, California 92122
161,875 (3) *
Directors
Randall P. Marx
3636 Nobel Drive, Suite 325
San Diego, California 92122
33,350 (4) *
Robert S. Picow
3636 Nobel Drive, Suite 325
San Diego, California 92122
43,250 (5) *
Kirk A. Waldron
3636 Nobel Drive, Suite 325
San Diego, California 92122
43,250 (6) *
All current executive officers and directors as a group (5 persons) 4,602,350 outstanding shares (7) 31.57 %
page 19
http://google.brand.edgar-online.com/displayf...m%253dIFON
Top Institutional Holders as of September 30, 2013 Holder Shares % Out Reported
Renaissance Technologies, LLC 260,414 1.84
Vanguard Group, Inc. (The) 187,832 1.32
CALPERS (California-Public Employees Retirement System) 108,700 0.77
Citadel Advisors LLC 27,262 0.19
Northern Trust Corporation 21,133 0.15
Bank of New York Mellon Corporation 19,033 0.13
BlackRock Advisors, LLC 3,600 0.03
UBS AG 3,418 0.02
Wells Fargo & Company 1,376 0.01
American International Group, Inc 900 0.01
Top Mutual Fund Holders
Holder Shares % Out Value* Reported
Vanguard Extended Market Index Fund 187,832 1.32
Quantitative Master Series Tr-Extended Market Index Series 3,600 0.03
http://finance.yahoo.com/q/mh?s=IFON+Major+Holders
9) IFON USA distributor Ingram Micro (NYSE:IM) is the worlds largest distributor (iPhone distributor outside USA)
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
10) IFON Recent Press Releases
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
03/22/13 InfoSonics Reports Fourth Quarter 2012 Results
02/26/13 InfoSonics Launches s350 Smartphone | Super Affordable, Entry-Level Android for Emerging Markets
02/12/13 InfoSonics Introduces the verykool® s758 Smartphone/Tablet Crossover
http://www.infosonics.com/index.php/investors/press-releases
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
(0)
(0)Scroll down for more posts ▼
