Additionally, other factors that could cause actual results to differ materially from those set forth in, contemplated by, or underlying these forward-looking statements are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 under the heading “Risk Factors.” In light of these risks and uncertainties, the forward-looking statements contained in this press release may not prove to be accurate. The Company undertakes no obligation to publicly update or revise any forward-looking statements, or any facts, events, or circumstances after the date hereof that may bear upon forward-looking statements. Additionally, the Company does not undertake any responsibility to update you on the occurrence of unanticipated events which may cause actual results to differ from those expressed or implied by these forward-looking statements.
|iGo, Inc. and Subsidiaries|
|Condensed Consolidated Statements of Operations|
|(000's except per share data)|
|Three months ended||Six months ended|
|June 30,||June 30,|
|Selling, engineering and administrative expenses||4,810||3,809||9,359||7,536|
|Loss from operations||(2,010||)||(497||)||(3,700||)||(1,573||)|
|Interest income (expense), net||21||40||42||96|
|Other income (expense), net||50||57||80||1,846|
|Net income (loss)||$||(1,939||)||$||(400||)||$||(3,578||)||$||369|
|Net income (loss) per share:|
|Weighted avg common shares outstanding:|
|iGo, Inc. and Subsidiaries|
|Condensed Consolidated Balance Sheets|
|June 30,||December 31,|
|Cash and cash equivalents||$||6,974||$||9,942|
|Accounts receivable, net||7,126||8,620|
|Prepaid expenses and other current assets||828||460|
|Total current assets||38,231||43,861|
|Other assets, net||8,222||6,312|
|LIABILITIES AND EQUITY|
|Liabilities, excluding deferred revenue||$||6,272||$||6,037|
|Total stockholders' equity||39,475||42,298|
|Total liabilities and equity||$||46,453||$||50,173|
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