InfoSonics Corporation (NASDAQ:IFON), the provider of verykool® wireless handset solutions and tablets, announced results for its first quarter ended March 31, 2014. InfoSonics reported net sales for the 2014 first quarter of $11.6 million, which represented a $3.8 million, or 49%, increase from $7.8 million for the first quarter of 2013. The Company reported sales growth in a number of geographical areas, primarily in South America and increased private label sales to customers in Europe. These increases were partially offset by a decline in sales to customers in Central America.
InfoSonics Corporation (NASDAQ:IFON) net profit margin is -1.60% and weekly performance is 2.80%. On last trading day company shares ended up $2.20. Analysts mean target price for the company is $7.00. InfoSonics Corporation (NASDAQ:IFON) distance from 50-day simple moving average (SMA50) is -29.30%.
Zhone Technologies Inc. (NASDAQ:ZHNE) Revenue for the first quarter of 2014 was $28.6 million, compared to $32.3 million for the fourth quarter of 2013 and $28.4 million for the first quarter of 2013. Net income for the first quarter of 2014, calculated in accordance with generally accepted accounting principles (“GAAP”), was $0.3 million or $0.01 per share compared with net income of $1.4 million or $0.04 per share for the fourth quarter of 2013 and net income of $0.2 million or $0.01 per share for the first quarter of 2013. Zhone Technologies Inc. (NASDAQ:ZHNE) shares advanced 20.00% in last trading session and ended the day on $2.70. ZHNE gross Margin is 37.70% and its return on assets is 6.50%.Zhone Technologies Inc. (NASDAQ:ZHNE) quarterly performance is -34.78%.
Parametric Sound Corp (NASDAQ:HEAR) Adjusted revenue was $38 million, compared with our estimate of $40 million, and consensus of $38 million. Adjusted EBITDA was $2.8 million, compared with our estimate of $6 million. EPS was $(0.09), compared with our adjusted EPS estimate of $0.03, and consensus of $(0.02). Adjusted EPS was $0.01, above consensus estimates. Parametric Sound Corp (NASDAQ:HEAR) shares moved down -0.11% in last trading session and was closed at $8.78, while trading in range of $8.11 – $8.89. Parametric Sound Corp (NASDAQ:HEAR) year to date (YTD) performance is -36.61%.
On May 5, 2014, management of Zoom Technologies, Inc. (NASDAQ:ZOOM), as authorized by the Audit Committee of the Board of Directors of the Company, concluded that the consolidated balance sheet and related consolidated statements of operations, comprehensive income/(loss), stockholders’ equity and cash flows included in its Annual Report on Form 10-K, filed on April 15, 2013 (the “2012 Financials”) will need to be restated as a result of the Company’s erroneous application of the consolidation method of accounting for its former 50.1% equity interest investment in Portables Unlimited, LLC (“Portables”). Zoom Technologies Inc. (NASDAQ:ZOOM) ended the last trading day at $3.12. Company weekly volatility is calculated as 8.82% and price to cash ratio as 5.22.Zoom Technologies Inc. (NASDAQ:ZOOM) showed a positive weekly performance of 15.13%.
Technical Communications Corporation (NASDAQ:TCCO) has done it again; it has reported another quarterly loss but on a wider scale this time around. Technical Communications Corporation (NASDAQ:TCCO) ended the last trading day at $4.88. Company weekly volatility is calculated as 11.74% and price to cash ratio as 1.45.Technical Communications Corporation (NASDAQ:TCCO) showed a negative weekly performance of -19.60%.