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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
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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.
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