Brief: Infosonics reports third quarter 2016 results

Simply

10/11/2016 14:00

Nov 10 (Reuters) - Infosonics Corp  IFON.O  
    * Infosonics reports third quarter 2016 results 
    * On September 30, 2016, co had $1.7 million in cash, $10.3 
million of net working capital and $640,000 of outstanding 
funded debt 
    * Co says "working to drive down operating expenses by 20% 
in Q4 compared to Q3 to reduce our breakeven point" 
    * Q3 loss per share $0.07 
    * Q3 sales fell 26 percent to $9.0 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nPn6MMxqta 
Further company coverage:  IFON.O  
 
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