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InfoSonics Corp (IFON.OQ)

IFON.OQ on NASDAQ Stock Exchange Capital Market

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12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Infosonics reports Q3 loss per share $0.56
Thursday, 9 Nov 2017 09:00am EST 

Nov 9 (Reuters) - Infosonics Corp :Infosonics reports third quarter 2017 results.Q3 loss per share $0.56.Q3 sales fell 33 percent to $6.0 million.‍At September 30, 2017, co had $453,000 in cash​.  Full Article

Infosonics announces reverse stock split
Thursday, 5 Oct 2017 09:00am EDT 

Oct 5 (Reuters) - Infosonics Corp : :Infosonics announces reverse stock split.Infosonics Corp - will effect a 1-for-5 reverse stock split.Infosonics Corp - 1-for-5 reverse stock split will be effective as of close of business on October 10, 2017.  Full Article

Infosonics enters into securities purchase agreement
Friday, 4 Aug 2017 06:23am EDT 

Aug 4 (Reuters) - Infosonics Corp ::Infosonics - on August 2 co, entered into securities purchase agreement to offer 2.5 million shares of co common stock at purchase price of $0.40 per share.  Full Article

Infosonics - on July 25, co entered agreement and plan of merger by, among company, Cooltech Holding Corp, co's unit Infosonics Acquisition Sub Inc
Wednesday, 26 Jul 2017 09:43am EDT 

July 26 (Reuters) - Infosonics Corp :Infosonics - on July 25, co entered agreement and plan of merger by, among company, Cooltech Holding Corp, co's unit Infosonics Acquisition Sub Inc.Infosonics - agreement provides co to issue aggregate of 62.5 million shares of common stock in exchange for all of outstanding capital stock of cooltech.Infosonics Corp - following the merger, the former stockholders of cooltech will hold approximately 85 percent of co's common stock.Infosonics Corp says pursuant to agreement, cooltech will merge with and into infosonics acquisition sub, inc - sec filing.Infosonics Corp - if the merger agreement is terminated, company will be required to pay cooltech a termination fee in the amount of $1 million.Infosonics Corp - following merger, co has agreed to cause 3 of its directors to resign and to appoint three cooltech nominees to board of directors.Infosonics-Agreed to not enter any agreement relating to alternative acquisition proposal, except on terms, subject to conditions set forth agreement.Infosonics Corp -on July 25, Joseph Ram, CEO of co agreed he will vote his shares of co's common stock in favor of adoption and approval of merger.Infosonics Corp - also agreed that special committee of company's board of directors will not change its recommendations with respect to merger.Infosonics Corp - deal provides by august 3, cooltech , will purchase from co 2.5 million shares of company common stock at price of $0.40 per share in cash.  Full Article

Infosonics Corp says Nasdaq hearings panel granted extension of time until Oct. 30, 2017 for co to execute plan to regain compliance
Wednesday, 7 Jun 2017 06:31am EDT 

June 7 (Reuters) - Infosonics Corp ::Infosonics Corp says Nasdaq hearings panel granted extension of time until October 30, 2017 for co to execute plan to regain compliance - sec filing.Infosonics Corp - Co's plan to regain compliance with minimum bid price requirement includes a reverse stock split.  Full Article

InfoSonics Q1 loss per share $0.08
Thursday, 11 May 2017 12:03pm EDT 

May 11 (Reuters) - InfoSonics Corp ::InfoSonics reports first quarter 2017 results.Q1 loss per share $0.08.Q1 sales fell 34 percent to $6.2 million.  Full Article

Infosonics Q1 loss per share $0.08
Thursday, 11 May 2017 06:18am EDT 

May 11 (Reuters) - Infosonics Corp : :Q1 loss per share $0.08.Q1 sales fell 34 percent to $6.2 million.Infosonics corp - "although operating expenses were down 27pct from prior year, we still sustained a significant loss".  Full Article

Infosonics reports Q4 sales of $8.6 million
Thursday, 9 Mar 2017 09:00am EST 

Infosonics Corp : Infosonics reports fourth quarter 2016 results . Q4 sales fell 15 percent to $8.6 million .Net income of $48,000 for Q4 of 2016 compared to a net loss of $959,000.  Full Article

Infosonics reports third quarter 2016 results
Thursday, 10 Nov 2016 09:00am EST 

Infosonics Corp : Infosonics reports third quarter 2016 results . On September 30, 2016, co had $1.7 million in cash, $10.3 million of net working capital and $640,000 of outstanding funded debt . Co says "working to drive down operating expenses by 20% in Q4 compared to Q3 to reduce our breakeven point" . Q3 loss per share $0.07 .Q3 sales fell 26 percent to $9.0 million.  Full Article

Infosonics amendment decreases maximum advances to $3 mln
Thursday, 25 Aug 2016 06:30am EDT 

Infosonics Corp : Says On August 23, 2016, entered into the sixth amendment to loan and security agreement with Silicon Valley Bank-SEC Filing . Infosonics Corp says amendment modifies the original loan and security agreement that was dated as of March 27, 2014 .Amendment decreases maximum advances from $7 million to $3 million - SEC Filing.  Full Article

BRIEF-Infosonics reports Q3 loss per share $0.56

* ‍At September 30, 2017, co had $453,000 in cash​ Source text for Eikon: Further company coverage:

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