On May 27, 2014, Zoom Technologies Inc (NASDAQ:ZOOM), received a Nasdaq Staff Deficiency Letter indicating that, as a result of the Company not timely filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2014 (the “2014 Q1 Report”), the Company failed to comply with the periodic filing requirements for continued listing set forth in Rule 5250(c)(1) of the Nasdaq Listing Rules. In accordance with Nasdaq Listing Rule 5810(c)(2), Nasdaq has provided the Company until June 16, 2014 to submit a plan to regain compliance. The Company expects to file its 2014 Q1 Report in short order, and fully expects to be able to meet the June 16, 2014 deadline. Zoom Technologies Inc (NASDAQ:ZOOM), net profit margin is -79.30% and weekly performance is 9.68%. On last trading day company shares ended up $2.72. Analysts mean target price for the company is $8.00. Zoom Technologies Inc (NASDAQ:ZOOM), distance from 50-day simple moving average (SMA50) is -19.20%.
Ambient Corporation (NASDAQ:AMBT), provider of a secure, flexible, and scalable smart grid communications and applications platform, has launched the cloud-based version of AmbientNMS®, the extensible network management system that manages communications between grid devices and the utility operations center, and provides an integrated suite of software applications for real-time grid monitoring and management. Ambient Corporation (NASDAQ:AMBT), fell 11.11% in last trading session and ended the day on $1.20. AMBT, Gross Margin is 15.90% and its return on assets is -398.20%. Ambient Corporation (NASDAQ:AMBT), quarterly performance is -32.96%.
On May 14, 2014, Pointer Telocation Limited (NASDAQ:PNTR), announced its financial results for the first quarter of 2014. Pointer’s revenues for the first quarter of 2014 increased 22% to $27 million as compared to $22.1 million in the first quarter of 2013. In the first quarter of 2014, gross profit was $9.4 million (34.8% of revenues) compared to $7.2 million (32.5% of revenues) in the first quarter of 2013. Pointer recorded net income of $1.5 million or $0.22 per share in the first quarter of 2014 compared to $0.8 million, or $0.14 per share, in the first quarter of 2013. Pointer Telocation Limited (NASDAQ:PNTR), shares moved down 3.54% in last trading session and was closed at $8.60, while trading in range of $8.42 – 9.47. Pointer Telocation Limited (NASDAQ:PNTR), year to date (YTD) performance is -27.36%.
On May 13, 2014, InfoSonics Corporation (NASDAQ:IFON), announced results for its first quarter ended March 31, 2014. 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. Gross profit in the first quarter of 2014 was $2.1 million, a 50% increase over $1.4 million in the 2013 first quarter. The gross profit margin as a percent of sales in the first quarter of 2014 rose to 17.8% compared to 17.7% in the 2013 first quarter. InfoSonics Corporation (NASDAQ:IFON), ended the last trading day at $2.12. Company weekly volatility is calculated as 10.40% and price to cash ratio as 27.69. InfoSonics Corporation (NASDAQ:IFON), showed a negative weekly performance of 4.07%.
DragonWave, Inc. (USA) (NASDAQ:DRWI)’s shares increased 30.11% to $1.59 yesterday. The company on June 4 announced revised revenue expectations for its first quarter fiscal year 2015. DragonWave now expects revenue to show growth of approximately 60% over the revenue achieved in Q4 FY14. These revised revenue expectations are preliminary, have not been reviewed by DragonWave’s external auditors, and are subject to completion of customary quarterly closing and internal and external review procedures. Revenue in this release is determined in accordance with U.S. generally accepted accounting principles. DragonWave, Inc.(USA) (NASDAQ:DRWI), net profit margin is -49.60% and weekly performance is 1.43%. On last trading day company shares ended up $1.42. Analysts mean target price for the company is $1.27. DragonWave, Inc.(USA) (NASDAQ:DRWI), distance from 50-day simple moving average (SMA50) is 7.53%.