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Infosonics Corp. Message Board

  • denniss531 denniss531 Nov 15, 2013 11:17 AM Flag

    $34,000 profit

    I guess no one was impressed. I wasn't either. It's actually laughable to sell 10m in phones and make $34,000. Ram needs to lose his job. Back to the 50's soon. No more news for another three months and we will drift down from here. US sales will not amount to anything. It's all a pipe dream.

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    • Actually, it is impressive, Dennis. The company's margins are a ton better than they were when it as a distributor. Back then it took 60M in quarterly sales to turn a profit. IFON has tripled or more its GM % since those distribution times. Additionally, the company has seen its sequential revenues move from 7.8M two quarters ago to 8.3M one quarter ago to over 9.8M this most recent one. Also, as kipfoot pointed out the other day here, the company has hit breakeven for 2 straight quarters.

      Anabolic just posted about a PIPE in the works. I don't know how in the world he could know something like that. Further, I rather doubt it because IFON has a delistment issue facing it ahead unless it trades over a buck for ten days. If there's any shorting going on, my guess would be that it is due to that issue. However, the growth in sales and the bottom line certainly merits the stock moving up now above its tangible equity of a buck and change, IMO. Further, if we get one more quarter of growth top and bottom line, this thing will fly, IMO.

 
IFON
1.56+0.03(+1.96%)Oct 24 3:59 PMEDT

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