InfoSonics Corp. (IFON) Reports Profitable Q1 FY12 Data, Fourth Consecutive Quarter of Record Sales by verykool® Brand Handsets
InfoSonics, the San Diego headquartered parent for a network of subsidiaries organized around the design, manufacturing, and commercial sale of the company's verykool® brand wireless handsets and related products/solutions to global end markets (primarily Latin America, Europe, Africa, and also Asian markets at this time), reported Q1 FY12 financials today, marking yet another quarter of profitability for the company, driven by a fourth consecutive quarter of record sales dominated by the verykool® brand business segment. Q1 FY12 (ended March 31): • Net Sales up 30% from the same quarter in the prior year to $12.4M • Gross Profit up a…