Yes, the company seems to be flitting from one hope to another. And, regarding your remark about Ram's foot, the current fortunes do indeed seem to fly in the face of a forwardly encouraging statement that was made in the first quarter earnings report. Thanks for the input.
Hopeful, do you still feel that the company has resilience? On the one hand, the mention of the "Iot" (internet of things) products in the latest ER might indicate adaptability. On the other hand, it might just indicate desperate grasping at one straw after the next. I don't know. Three things bother me. First, Ram's inaccurate mention in the 1Q ER of "we SEE [not we hope for] positive improvement". Second, in the recent ER, Ram mentions that the Fit product was introduced early in the current quarter. Why were there no press releases for that? I can find none -- maybe I am just a poor Googler. Third, I wonder how long the company can remain liquid. They certainly needed the cash buildup from 2Q's fire sale of old products, since their line of credit is dynamically capped by receivables, and, per the latest ER, the company has been on a campaign to reduce receivables. On the other hand, as you have mentioned in the past, the company has shown a history of rebounding.
In the earnings announcement press release for 1Q 2016, Ram said: ""Although the first quarter was challenging, we see positive improvement ahead," said Joseph Ram, President and CEO of InfoSonics." Really?