InfoSonics Corporation (NASDAQ:IFON), today announced results for its fourth quarter ended December 31, 2013. InfoSonics reported net sales for the 2013 fourth quarter of $11.9 million, which represented a $3.4 million, or 40%, increase from $8.5 million for the fourth quarter of 2012. Gross profit in the fourth quarter of 2013 was $2.0 million, a 48% increase over $1.4 million in the 2012 fourth quarter. The gross profit margin as a percent of sales in the fourth quarter of 2013 rose to 16.9% compared to 16.0% in the 2012 fourth quarter. Operating expenses in the fourth quarter of 2013 were $1.9 million, a decrease of $654,000, or 26%, compared to $2.5 million in the 2012 fourth quarter.Net income for the fourth quarter of 2013 was $125,000, or $0.01 per share, compared to a net loss of $1.2 million, or $0.08 per share, in the fourth quarter of 2012. InfoSonics Corporation (NASDAQ:IFON) shares after opening at $3.88 on last trade day and at the end of the day closed at $3.77. Company price to sales ratio in past twelve months was calculated as 1.55 and price to cash ratio as 33.42. InfoSonics Corporation (NASDAQ:IFON) showed a positive weekly performance of 2.45%.
Wireless Telecom Group Inc (NYSEMKT:WTT) designs and manufactures radio frequency (RF) and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Its complementary suite of instruments and components includes peak power meters, signal analyzers, power splitters, combiners, diplexers, noise modules and precision noise generators. Wireless Telecom Group Inc (NYSEMKT:WTT) shares fell -6.99% in last trading session and ended the day on $2.66. WTT return on equity ratio is recorded as 9.50% and its return on assets is 8.50%. Wireless Telecom Group Inc (NYSEMKT:WTT)yearly performance is 72.73%.
RiT Technologies Ltd. (NASDAQ:RITT), the leader in intelligent infrastructure management and the developer of an innovative indoor optical wireless technology solution, announced today its unaudited financial results for the fourth quarter and full year ended December 31, 2013. Highlights for the Fourth Quarter 2013:Revenues for the fourth quarter of 2013 increased by 42.1% to $3.0 million, compared with $2.1 million for the fourth quarter of 2012. Gross margin for the fourth quarter of 2013 improved to 8.6% (including inventory write-offs of $0.6 million), compared to -6.0% for the fourth quarter of 2012 (including inventory write-offs of $0.8 million). Net loss for the fourth quarter of 2013 (including approximately $240,000 in stock-based compensation expenses) was $3.3 million, or $0.30 per (basic and diluted) share, compared with a net loss of $2.9 million, or $0.44 per (basic and diluted) share in the fourth quarter of 2012 (including approximately $46,000 in stock-based compensation expenses). RiT Technologies Ltd. (NASDAQ:RITT) shares moved down -0.56% in last trading session and was closed at $1.77, while trading in range of $1.75 – $1.91. RiT Technologies Ltd. (NASDAQ:RITT) year to date (YTD) performance is 0.57%.
RELM Wireless Corporation (NYSE MKT: RWC) today announced its financial and operating results for the quarter and year ended December 31, 2013. For the year ended December 31, 2013, sales totaled approximately $27.0 million, compared with approximately $27.6 million for 2012. Net income for the year ended December 31, 2013 totaled approximately $1.1 million, or $0.08 per diluted share, compared with $2.1 million, or $0.15 per diluted share, last year. Gross profit margin for 2013 was 43.5% of sales, versus 47.4% of sales in the previous year. Selling, general and administrative expenses declined to approximately $10.1 million (37.4% of sales) in 2013, compared with approximately $10.2 million (36.9% of sales) in 2012. RELM Wireless Corporation (NYSEMKT:RWC) weekly performance is 7.00%. On last trading day company shares ended up $3.21. RELM Wireless Corporation (NYSEMKT:RWC)distance from 50-day simple moving average (SMA50) is -3.11%. Analysts mean target price for the company is $7.00.