This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Insignia Systems, Inc. Announces 2014 First Quarter Financial Results

Insignia Systems, Inc. (Nasdaq:ISIG) (“Insignia” or “the Company”) today reported financial results for the first quarter (“Q1”) ended March 31, 2014, as compared to Q1 ended March 31, 2013.

Insignia’s President and CEO Glen Dall commented, “In the same way that results in Q1 2013 benefited from an early Easter holiday, our results for Q1 2014 were negatively influenced by that holiday falling a full three weeks later this year. However, our business is trending positively and we remain optimistic for the balance of the year. On a trailing twelve-month basis ended March 31, 2014, net sales increased 13.6% to $26.8 million from $23.6 million in the comparable prior year period. Additionally, as of April 28, 2014, our total backlog is up approximately 10% from the same time a year ago.

“We continue to pursue new, innovative ways to serve our clients and retailers with products and services that leverage our operating assets and core competencies. We are evaluating new business opportunities that can strengthen our ability to expand our geographic footprint, and attract new customers. Additionally, we are exploring new opportunities to expand our retail presence beyond grocery stores to other mass retailers."

Mr. Dall concluded, “Finally, as you may have seen in our recent proxy statement, Peter Derycz will be leaving our board effective May 21, 2014, in conjunction with our board term limit of eight years. I would like to thank Peter for his dedicated service on our board and his significant commitment to the success of our Company during his time with us.”

Q1 2014 Results

Q1 2014 total net sales decreased 13.4% to $6,403,000 from $7,396,000 in Q1 2013, due primarily to seasonality. A 14.6% decline in POPS net sales to $5,951,000 from $6,967,000 in Q1 2013 was partially offset by a 5.4% increase in products net sales to $452,000 from $429,000 in Q1 2013.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,919.59 +80.85 0.48%
S&P 500 1,981.60 +9.86 0.50%
NASDAQ 4,527.5140 +19.2020 0.43%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs