Before today's market open, the San Diego-based cellphone and tablet maker reported a loss of 7 cents per share for the quarter ended December 31, down from earnings of 5 cents per share for the same period in 2014.
Revenue declined 43% year-over-year to $10.19 million for the latest quarter, compared with $17.94 million for the 2014 fourth quarter.
"This was a very challenging quarter for us on many fronts," CEO Joseph Ram said in a statement. "The extremely weak currency environment in the Latin American markets we primarily serve worsened in the quarter, and put significant pressure on both our top line revenue and gross profit margin."
Gross profit margins as a percent of sales dropped to 12.3% for the quarter, compared with 16.5% for the fourth quarter of 2014.
So far today, 1.1 million shares of InfoSonics have been traded, compared with its average daily volume of 40,795 shares.
Separately, InfoSonics has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income, and its weaknesses, including poor profit margins.
You can view the full analysis from the report here: IFON
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