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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
InfoSonics Corporation
Traded as NASDAQ: IFON
Industry Telecommunications Equipment
Founded 1994
Founder Joseph Ram
Headquarters San Diego, California, United States
Key people
Joseph Ram, President & CEO
Vernon A. LoForti, VP & CFO
Products Smartphones, feature phones, tablets and accessories
Revenue Increase $48.1 million (2014)
Subsidiaries verykool
Website www.infosonics.com

InfoSonics Corporation (NASDAQ: IFON) is a publicly traded telecommunications equipment provider based in San Diego, California. It develops, manufactures, and distributes wireless handsets and accessories through its proprietary brand verykool and other private label brands. InfoSonics sells its products through carriers, distributors and OEMs in Latin America, Europe, Africa, Asia Pacific and the United States. It is best known for its line of inexpensive unlocked phones as well as its rugged phones in its verykool line of products.

InfoSonics was founded in 1994 by Joseph Ram, the company's president and CEO. It became a public company in June 2004, and was initially listed on the American Stock Exchange under the symbol “IFO.” In August 2006, the company transferred to the NASDAQ under the symbol “IFON.” When the company first went public, it was primarily a distributor of products supplied by Samsung, VK Corporation, LG, Novatel and others. In 2005 it purchased Primasel S.A., a distributor of Samsung products primarily in Argentina.

The company followed up with a secondary stock offering in 2006, offering 2.2 million shares. The same year the company reached $240 million in sales. 2006 was also the year it began to develop its own wireless handsets under the verykool brand. InfoSonics ceased its distributing business in March 2012, primarily due to protective import tariffs that had been enacted on certain electronic devices since 2009. After terminating its distributing business, it became solely a manufacturer and distributor of its own products under the verykool brand.

InfoSonics entered into an agreement with Ingram Micro in December 2012 for the distribution of its verykool brand to customers in the United States. It also launched an online store in the U.S. market for consumer purchase of the verykool product line.

InfoSonics Corporation reported a second consecutive quarter of profitability after 2013 4th quarter results were announced. The company had a 48% gross profit in the 4th quarter compared to 2012 with operating expenses declining 26% for the same period. InfoSonics also reported gross revenue of $37.9 million, an increase of $3.6 million from the year prior. It continued to increase sales by year-end 2014, bringing in $48.1 million, a 27% increase from the prior year.

Investment goal date:
Dividends reinvested
InfoSonics Corporation IFON report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q4 2017
2018-02-11
--
--
Q3 2017
2017-11-11
--
--
Q3 2017
2017-11-09
0.0000
-0.5500
Q2 2017
2017-08-11
0.0000
-0.0600
Q2 2017
2017-08-10
0.0000
-0.3000
Q1 2017
2017-05-11
0.0000
-0.0800
Q4 2016
2017-03-09
0.0000
0.0000
Q3 2016
2016-11-10
0.0000
-0.0700
Q2 2016
2016-08-04
0.0000
-0.0700
Q1 2016
2016-05-05
0.0000
-0.0600
Q4 2015
2016-03-10
0.0000
-0.0700
Q3 2015
2015-11-05
0.0000
-0.0100
Q2 2015
2015-08-07
0.0000
-0.2500
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BlackRock Fund Advisors
4674
Major Shareholders
Name Relationship
Total Shares
Holding stocks
PICOW ROBERT S
0.0700% (10000)
IFON /
Ram Joseph
21.7300% (3120000)
IFON /
% ()