{"id":28400,"date":"2014-08-15T07:48:37","date_gmt":"2014-08-15T11:48:37","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28400"},"modified":"2014-08-15T07:48:37","modified_gmt":"2014-08-15T11:48:37","slug":"infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400","title":{"rendered":"InfoSonics Corporation (NASDAQ:IFON) Reports 25% Hike in Sales in Q2 2014 Financial Results"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/15\/2014 (wallstreetpr) \u2013<strong> InfoSonics Corporation (NASDAQ:IFON) <\/strong>has reported the financial results for the Q2 2014. According to reports, the net hike in sales during Q2 2014 was recorded as much as 25% on YOY basis. The <a href=\"http:\/\/www.infosonics.com\/index.php\/investors\/press-releases\/08-14-14\" target=\"_blank\">gross profit<\/a> of the company grew by 17% while operating expenses declined by 18% in the same period.<\/p>\n<p style=\"text-align: justify;\"><strong>Details Of Q2 2014 Financial Results: <\/strong><\/p>\n<p style=\"text-align: justify;\">According to Joseph Ram, Chief Executive Officer and President of InfoSonics Corporation (NASDAQ:IFON), &#8220;We are extremely happy to announce the financial results of Q2 2014. It is the fourth consecutive quarter in which we have made a significant profit.&#8221; The sales and gross profit of the company rose by 25% and 17% and created a solid base for the rest of the years. The thing that was more important than hike in sales figure was operation profit swing. IFON managed to post as much as $704,000 operating profit before tax and other income. It ended Q2 2013 with not so good figures of $569,000 net loss, while the Q2 2014 has been closed with an eye-popping $135,000 operating profit.<\/p>\n<p style=\"text-align: justify;\">The company also generated an additional cash of $860,000 during the Q2 and ended the quarter with no borrowings on new credit lines from banks. The net sales in Q2 2014 were $10.4 million in comparison to the $2.1 million sales in Q2 2013. InfoSonics Corporation (NASDAQ:IFON) grew at a rate of 25% over the past 12 months in terms of sales. When it comes to regional sales, IFON has managed to do an extraordinary performance. The sales of IFON increased by 300% in Mexico during 70% in United States of America over the past 12 months. Total sales for the last six months ended on June 30, 2014 were $22.1 million, $5.9 million more than the same period of last year. It shows that the sales figures last six months of IFON grew at a rate of 37% on YOY basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/15\/2014 (wallstreetpr) \u2013 InfoSonics Corporation (NASDAQ:IFON) has reported the financial results for the Q2 2014. According to reports, the net hike in sales [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":16928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[7936,5020,5021],"stock_ticker":[],"class_list":["post-28400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-infosonics-corporation","tag-infosonics-corporation-nasdaqifon","tag-nasdaqifon","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>InfoSonics Corporation (NASDAQ:IFON) Reports 25% Hike in Sales in Q2 2014 Financial Results - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InfoSonics Corporation (NASDAQ:IFON) Reports 25% Hike in Sales in Q2 2014 Financial Results - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 08\/15\/2014 (wallstreetpr) \u2013 InfoSonics Corporation (NASDAQ:IFON) has reported the financial results for the Q2 2014. According to reports, the net hike in sales [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-15T11:48:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/03\/InfoSonics-Corp-logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Hackney\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Hackney\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\"},\"author\":{\"name\":\"Steve Hackney\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/3ce02e36ec0c7fc865d70f316a025867\"},\"headline\":\"InfoSonics Corporation (NASDAQ:IFON) Reports 25% Hike in Sales in Q2 2014 Financial Results\",\"datePublished\":\"2014-08-15T11:48:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\"},\"wordCount\":307,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#organization\"},\"image\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/03\/InfoSonics-Corp-logo.jpg\",\"keywords\":[\"InfoSonics Corporation\",\"InfoSonics Corporation (NASDAQ:IFON)\",\"NASDAQ:IFON\"],\"articleSection\":[\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\",\"url\":\"https:\/\/cablemanpro.com\/wallstreetpr\/infosonics-corporation-nasdaqifon-reports-25-hike-in-sales-in-q2-2014-financial-results-28400\",\"name\":\"InfoSonics Corporation (NASDAQ:IFON) Reports 25% Hike in Sales in Q2 2014 Financial Results - 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