Simply Inc. (SIMPQ)

[~ Blue ~]

IFON CEO Ram: Our focus going forward is to work aggressively to increase sales, and to improve our gross margins by centering our efforts on more profitable accounts.

In addition, we are working to drive down operating expenses by 20% in the fourth quarter compared to the third quarter to reduce our breakeven point, a task that was aided by the resolution in September of all our outstanding patent litigation.

Regarding our product offerings, over the last year we have been in development of a software platform that will support a suite of services and cloud-based solutions that we hope to launch in the second quarter of 2017.


http://seekingalpha.com/pr/16663990-infosonics-reports-third-quarter-2016-results