BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

Untitled


23

InfoSonics (IFO)

One of the cell-phone industry's largest distributors, San Diego-based Infosonics decided in 2004 that its future was south of the border. So it dumped its business of providing phones to mostly U.S. retailers and began providing phones from Samsung, Motorola (MOT), and others to Latin America from a 22,000-square-foot warehouse in Miami. In April, it leased another warehouse in Mexico to take advantage of that country's fast-growing market of more than 47 million cell-phone users. Sales have grown at an average 42.5% clip per year since 2002, and over the past 12 months, the 28-person company generated $145.8 million in sales and eked out a profit of $2.3 million.

Company Info

2005 Rank

NR

Market Value*
($ Millions)

72.8

Sales*
($ Millions)

175.9

Sales Growth
(3-yr. avg. annual)

42.5 %

Profits*
($ Millions)

3.8

Profit Growth
(3-yr. avg. annual)

63.2 %

Return on Inv. Capital (3-yr.)

22.6 %

Share Price
12-Mo. Hi/Lo

24/2

Share Price
As of 4/28/06

13

Return on Equity

12.3 %

P/E Ratio

24

No. of Employees

28

Industry Distributors
CURRENT
MARKET INFO

IFO >

COMPANY WEB SITE >
Location San Diego
Phone 858 373-1600
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat

Related Articles

Mobile Phone Bonanza

Cell Phones For The People

Kinder, Gentler Cell Phones

The Brave New World of Wireless


Company Snapshot

InfoSonics distributes wireless handsets and accessories in the U.S. and Latin America. Its distribution and solution services include product testing, approval and certification, light assembly, warehousing, logistics services, marketing campaigns, warranty services, and end-user support. The company provides its end-to-end handset and wireless terminal solutions to network carriers, agents, resellers, distributors, independent dealers, and retailers. Infosonics was founded by Joseph Ram in 1994 and is headquartered in San Diego, Calif.


Data provided by Capital IQ
 
Joseph Ram

Joseph Ram, 43

Chairman, Chief Executive Officer and President


Total Compensation*

$ 440,840

Total Options Value*

$ 2,908,000

* Fiscal Year 2005


Executive Bio

Joseph Ram has been a director of InfoSonics since 1994 and serves as its and chairman . Ram also serves as CEO and president of InfoSonics. Ram was founder of InfoSonics. In 1994, Ram founded InfoSonics as a distribution center for telecom and business systems. Previously, between 1989 and 1993, as sales director for ProCom Supply, Ram was in charge of worldwide purchasing and oversaw all international sales.


Management Team

Key Executives

Joseph Ram; Abraham G. Rosler; Joseph C. Murgo; Jeffrey A. Klausner

Board Directors

Kirk A. Waldron; Joseph Ram; Abraham G. Rosler; Randall P. Marx; Robert Picow


Executive Data provided by Capital IQ