Delaware | 0-30907 | 86-0843914 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
17800 N. Perimeter Dr., Suite 200, Scottsdale, Arizona |
|
|
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Exhibit No. | Description | |
Exhibit 99.1
|
Press Release issued August 4, 2011 |
iGO, INC. |
||||
Dated: August 4, 2011 | By: | /s/ Darryl S. Baker | ||
Name: | Darryl S. Baker | |||
Title: | Vice President and Chief Financial Officer |
Exhibit | ||
Number | Description of Document | |
99.1
|
Press Release issued August 4, 2011 |
CONTACT: | Tony Rossi Financial Profiles 310-478-2700 x13 trossi@finprofiles.com |
Three months ended | Six months ended | |||||||||||||||
June 30, | June 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Net revenue |
$ | 10,831 | $ | 9,748 | $ | 20,059 | $ | 17,916 | ||||||||
Gross profit |
2,800 | 3,312 | 5,659 | 5,963 | ||||||||||||
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: |
||||||||||||||||
Basic |
$ | (0.06 | ) | $ | (0.01 | ) | $ | (0.11 | ) | $ | 0.01 | |||||
Diluted |
$ | (0.06 | ) | $ | (0.01 | ) | $ | (0.11 | ) | $ | 0.01 | |||||
Weighted avg common shares outstanding: |
||||||||||||||||
Basic |
33,315 | 32,750 | 33,170 | 32,654 | ||||||||||||
Diluted |
33,315 | 32,750 | 33,170 | 33,965 |
June 30, | December 31, | |||||||
2011 | 2010 | |||||||
ASSETS |
||||||||
Cash and cash equivalents |
$ | 6,974 | $ | 9,942 | ||||
Short-term investments |
9,020 | 14,532 | ||||||
Accounts receivable, net |
7,126 | 8,620 | ||||||
Inventories |
14,283 | 10,307 | ||||||
Prepaid expenses and other current
assets |
828 | 460 | ||||||
Total current assets |
38,231 | 43,861 | ||||||
Other assets, net |
8,222 | 6,312 | ||||||
Total assets |
$ | 46,453 | $ | 50,173 | ||||
LIABILITIES AND EQUITY |
||||||||
Liabilities, excluding deferred revenue |
$ | 6,272 | $ | 6,037 | ||||
Deferred revenue |
706 | 1,838 | ||||||
Total liabilities |
6,978 | 7,875 | ||||||
Total stockholders equity |
39,475 | 42,298 | ||||||
Total liabilities
and equity |
$ | 46,453 | $ | 50,173 | ||||
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