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Infosonics Corp. Message Board

hatfieldsperry 1 post  |  Last Activity: Nov 14, 2014 12:30 PM Member since: Jan 21, 2005
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    IFON revenue fell 18% to $8.1 mln

    by boris.dark Nov 14, 2014 11:35 AM
    hatfieldsperry hatfieldsperry Nov 14, 2014 12:30 PM Flag

    Of particular interest in the explanation of the decline in units shipped was this: ". During the quarter, this carrier customer isolated vendors in a competitive bidding process that would have resulted in pricing and margins that were unacceptable to us. However, we believe that the demand for our product remained strong and has resulted in a reversal of the carrier customer’s position, as we have now received new orders from the customer".
    This implies to me that the company felt confident enough about the future that they did not need to grab at any business, no matter how meager the profit.

IFON
1.15-0.03(-2.54%)Jan 23 4:00 PMEST

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