The Bowser Report – Daily Mover Alert November 2, 2015

Today, The Bowser Report issued a daily mover alert on InfoSonics Corp. (IFON), which gained 10% or more today.

IFON jumped on a stellar earnings report that featured a 50% increase in sales and a $138,000 net loss, compared to a $633,000 net loss for the same period one year ago.

IFON fell substantially after its last earnings report for the second quarter showed a 5% increase in sales and a $678,000 loss, compared to a $109,000 gain in the previous year’s same period. Order shipments and gross margins were down. The third quarter showed a nice bounce back, however.

IFON investors are very touchy to earnings, so this jump on a good report does not surprise us. A bad earnings report is dismal for shareholders (as seen last quarter), and a good one is euphoric (as seen today).

IFON’s Bowser Rating should climb on the good earnings, pulling the company out of Category 3.

To learn more about The Bowser Report, visit https://thebowserreport.com

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