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Friday, 09/19/2014 11:49:56 AM

Friday, September 19, 2014 11:49:56 AM

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IFON CEO RAM: We are pleased to report a fourth consecutive quarter of profitability," said Joseph Ram, president and CEO of InfoSonics. "Sales in the second quarter rose 25% over the same quarter last year, gross profit grew 17% and operating expenses declined by 18%. Most importantly, we reported a large swing of $704,000 in operating profit (before other income and taxes) by turning a $569,000 operating loss in the second quarter of 2013 into a $135,000 operating profit in the second quarter of 2014. In addition, we generated $860,000 in additional cash during the quarter and ended the quarter with no borrowing on our new bank line of credit.


http://seekingalpha.com/pr/10768905-infosonics-reports-second-quarter-2014-results

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