Boston, MA 03/10/2014 (wallstreetpr) – InfoSonics Corporation (NASDAQ:IFON) noted that its growth in fourth quarter came from sales improvements in markets such as Puerto Rico, Mexico and Peru. The company also noted improvement in private label sales in APAC and EMEA regions. Sales in the fourth quarter were up 40 percent to $11.9 million. It thus goes that the company is fast getting hold of key developing markets. In the fourth quarter IFON earned net income of $125,000, reflecting 1 cent per share. That compared with loss of $1.2 million or 8 cents per share in the corresponding quarter last year. The encouraging performance in the fourth quarter was helped by improvement in gross profit margin which moved up to 16.9 percent from $16 percent in the same period last year. InfoSonics Corporation (NASDAQ:IFON) was a mover in the last session, gaining 3.37 percent to $3.68, on a day that more than daily average volume was traded.
Zoom Technologies Inc (NASDAQ:ZOOM) was a mover in the last session. Shares of the company gained 7.39 percent to $5.52 on significantly high volume. The Friday session saw the stock touching high of $7.28 and low of $5.30. The $16.61 million capped company retains its 12-month low at $2.20 and high at $8.30. Zoom Technologies Inc (NASDAQ:ZOOM) provides dial-up modem and broadband services.
Nova Lifestyle Inc (NASDAQ:NVFY) shares rose 5.79 percent to $8.77 in the last trading; it was a day when a fairly high volume of shares changed hands. Traders were willing to bet on the stock in the price range of $8.35 and $8.98. The gain came on report that the company’s executives will be in New York March 10, for various investor meetings and conference participation at the New York Stock Exchange and NASDAQ. The executives of Nova Lifestyle Inc (NASDAQ:NVFY) led by president Ms Tawny Lam will discuss the performance results of the first three quarters of fiscal 2013. The sessions will also involve key upcoming growth updates. The company has been on an upward growth trend in recent quarters.
