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IFON~ The most Undervalued NASDAQ Stock~

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Quarterly Report (10-q) "Edgar (US Regulatory)" - 11/13/2017 6:07:49 AM
Amended Current Report Filing (8-k/a) "Edgar (US Regulatory)" - 11/13/2017 6:07:24 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 11/9/2017 11:17:49 AM
InfoSonics Reports Third Quarter 2017 Results "PR Newswire (US)" - 11/9/2017 9:00:00 AM
Monteverde & Associates PC Announces an Investigation of InfoSonics Corporation - IFON "PR Newswire (US)" - 10/31/2017 6:29:00 PM
Registration Statement for Securities to Be Issued in Business Combination Transactions (s-4/a) "Edgar (US Regulatory)" - 10/31/2017 6:06:57 AM
InfoSonics Regains Compliance with NASDAQ Rule 5550(a)(2), $1.00 Minimum Bid Requirement "PR Newswire (US)" - 10/26/2017 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/26/2017 6:05:37 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 10/11/2017 5:17:37 PM
InfoSonics Announces Reverse Stock Split "PR Newswire (US)" - 10/5/2017 9:00:00 AM
Securities Registration: Business Combination (s-4) "Edgar (US Regulatory)" - 9/19/2017 5:28:38 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 9/15/2017 5:21:15 PM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) "Edgar (US Regulatory)" - 9/15/2017 5:19:06 PM
Quarterly Report (10-q) "Edgar (US Regulatory)" - 8/11/2017 6:10:25 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/10/2017 2:16:55 PM
InfoSonics Reports Second Quarter 2017 Results "PR Newswire (US)" - 8/10/2017 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/4/2017 6:09:07 AM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) "Edgar (US Regulatory)" - 8/4/2017 6:07:43 AM
Prospectus Filed Pursuant to Rule 424(b)(5) (424b5) "Edgar (US Regulatory)" - 8/3/2017 6:11:53 AM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) "Edgar (US Regulatory)" - 8/3/2017 6:11:52 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/3/2017 6:11:51 AM
InfoSonics and Cooltech Announce Definitive Merger Agreement "PR Newswire (US)" - 7/26/2017 9:00:00 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 7/26/2017 8:58:34 AM
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425) "Edgar (US Regulatory)" - 7/26/2017 8:56:36 AM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 6/7/2017 6:07:50 AM
~ Blue ~   Saturday, 02/18/17 11:47:59 PM
Re: The_BORG post# 13001
Post # of 13903 
IFON~ The most Undervalued NASDAQ Stock~



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


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1) InfoSonics Corporation (NASDAQ:IFON), headquartered in San Diego, California and founded in 1994, is the parent company of several subsidiaries dedicated to the design, development, manufacturing, sale and distribution of the company’s proprietary line of products under the verykool® brand.

The majority of our phones are sold under the verykool® brand, primarily throughout Latin America. However, we also sell our products on a private-label basis under an Original Design Manufacturer (“ODM”) business model (under which we build products to other customers requirements and brand name) in China, India, South East Asia, Europe and Africa. Our customers include network operators, open market distributors and ODM customers.

We have sales and support personnel located in Miami, Florida and in various countries throughout Latin America. Our R&D center and Asia Pacific sales office is located in Beijing, China. We also have a procurement, quality control and manufacturing control office located in Shenzhen, China, where we have established relationships with selected assembly companies (EMS providers) who manufacture our verykool® products.

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IFON OFFICES:

USA
San Diego
Miami
CHINA
Beijing
Shenzhen

Website: http://www.infosonics.com

Product Website: http://www.verykool.net

https://en.wikipedia.org/wiki/InfoSonics_Corporation

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2) IFON products: Smart phones, tablets, Micro CD carts, Batteries, UBS car chargers..

https://www.verykool.net/Products/All/

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3) IFON's verykool™ products are sold in 28 countries[color=red][/color] and 5 continents around the world.

NORTH AMERICA: USA, Mexico

CARIBBEAN: Dominican Republic, Puerto Rico

CENTRAL AMERICA: Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama

SOUTH AMERICA: Venezuela, Colombia, Ecuador, Peru, Bolivia, Chile, Paraguay, Argentina, Uruguay

EUROPE: France, Italy, Ukraine, Russia

AFRICA: Zimbabwe

ASIA: China, India, Vietnam, Indonesia

http://www.verykool.net/Company/Location/

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4) As of November 9, 2016, the Registrant had 14,388,728 shares outstanding.

page 1

https://www.sec.gov/Archives/edgar/data/1274032/000156459016028755/ifon-10q_20160930.htm

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5) IFON insiders hold 31.53% of outstanding shares. The company founder, CEO, and President Joseph Ram holds 30.28% of outstanding shares. HE IS THE BIGGEST SHAREHOLDER OF THE COMPANY.

Shares Beneficially Owned, Percent

Named Executive Officers
CEO, Joseph Ram (also a Director) 4,348,750 29.98 %

CFO, Vernon A. LoForti 192,500 1.32%

Randall P. Marx, director: 40,600
Robert S. Picow: 50,500
Kirk A. Waldron: 40,500
All current executive officers and directors as a group (5 persons) 4,672,850 31.53 %

page 16

http://www.sec.gov/Archives/edgar/data/1274032/000119312514168834/d712359ddef14a.htm

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6) Top 10 Institutional Owners of InfoSonics Corp:

http://money.cnn.com/quote/shareholders/shareholders.html?symb=IFON&subView=institutional

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7) IFON's FINANCIALS from recent SEC filings:

IFON great cash position!: As of September 30, 2016, we had $1.7 million of cash and cash equivalents, $10.3 million of net working capital and $640,000 of outstanding funded debt.

PAGE 15

https://www.sec.gov/Archives/edgar/data/1274032/000156459016028755/ifon-10q_20160930.htm


Nine months ended September 30, 2016 compared with nine months ended September 30, 2015

Net Sales

For the nine months ended September 30, 2016, our net sales amounted to $30,525,000, a decrease of $7,116,000, or 19%, from $37,641,000 in the same period last year. The largest decrease of $5.4 million resulted from the decline of sales to two carrier customers in South and Central America that we moved away from in the second half of 2015. In addition, sales to Miami-based distributors selling to Latin American customers declined by $3.1 million, sales to other South American customers declined $1.5 million and sales to U.S. customers declined by $2.7 million. These decreases were partially offset by increased sales to other Central American customers aggregating $4.9 million and increased sales to big-box retailers in Mexico of $663,000. In terms of units, we shipped approximately 945,000 units in the first nine months of 2016, a decrease of 15%, compared to the first nine months of 2015. Our average unit selling price decreased by 4%, reflecting significant price discounting in the first nine months of 2016 and increased unit costs in the third quarter of 2016.

Gross Profit and Gross Margin


For the nine months ended September 30, 2016, our gross profit amounted to $3,219,000, a decrease of $2,944,000, or 48%, from $6,163,000 in the same period last year. Our gross profit margin for the nine months ended September 30, 2016 was 10.5%, down significantly from 16.4% in the same period last year. These reductions were caused by a combination of pricing pressure in a more competitive market environment, increasing units costs and the sale of a significant amount of inventory at deeply discounted prices in order to liquidate aging products and increasing unit costs.

Operating Expenses

For the nine months ended September 30, 2016, total operating expenses amounted to $5,605,000, a decrease of $580,000, or 9%, from $6,185,000 in the same period last year. Decreased sales, marketing and labor expenses were partially offset by increased legal fees, certification, licensing and other general and administrative expenses.

Other Income (Expense)


In the nine months ended September 30, 2016, other expense of $321,000 consisted primarily of losses on forward exchange contracts entered into in January 2016 to hedge currency exposure against the Mexican peso. We had no similar activities in the first nine months of 2015. In the nine months ended September 30, 2016 and 2015, interest expense of $173,000 and $259,000, respectively, related to borrowings against our bank line of credit and interest bearing vendor credit.

Provision for Income Taxes


Because of our prior operating losses, our tax provisions for the nine months ended September 30, 2016 and 2015 were nominal.

PAGE 14

https://www.sec.gov/Archives/edgar/data/1274032/000156459016028755/ifon-10q_20160930.htm
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8) Corporate Headquarters

3636 Nobel Drive
Suite 325
San Diego, CA 92122

Tel: (858) 373-1600
Fax: (858) 373-1503
Investors: (858) 373-1675
Beijing, China Office

R&D Site Room 1701
Reward Building C, No. 203
2nd Section of Wang Jing
Li Ze Zhong Yaun, Chaoyang District
Beijing P.R. of China 100102

http://www.infosonics.com/index.php/contact

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For me, IFON is the most undervalued company on the NASDAQ.
This is my DD. Check filings and news and make your own dd


~Blue~

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