Friday, April 28, 2017 9:44:18 AM
1) IFON has NO debt!
2) IFON posted NET PROFIT at Q4:.05 MILLION $
3) IFON has $10.1 million net working capital, 2.2 million in cash!!!
4) IFON has 14.3 million outstanding shares.
5) CEO and other insiders held 34% of shares.
6) IFON products marketed in 19 countries.
https://www.verykool.net/
Q4 financials link: http://archive.fast-edgar.com//20170309/AIAIO62CZ222KZ84222A2ZZ2N9QQZY22Z292/
7) EXPECTED NEWS!
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
http://www.infosonics.com/
8) Expected New products!
Read, check filings and links make your own DD.
For me, this is the most undervalued NASDAQ stock.
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