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 |
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(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)) |
Exhibit No. | Description | |
Exhibit 99.1 | Press Release issued November 3, 2011 |
iGO, INC. |
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Dated: November 3, 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 November 3, 2011 |
CONTACT: | Tony Rossi Financial Profiles 310-478-2700 x13 trossi@finprofiles.com |
Three months ended | Nine months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Net revenue |
$ | 9,666 | $ | 12,220 | $ | 29,725 | $ | 30,137 | ||||||||
Gross profit |
2,124 | 4,039 | 7,783 | 10,003 | ||||||||||||
Selling, engineering and administrative expenses |
4,375 | 4,368 | 13,734 | 11,904 | ||||||||||||
Loss from operations |
(2,251 | ) | (329 | ) | (5,951 | ) | (1,901 | ) | ||||||||
Interest income (expense), net |
13 | 52 | 55 | 147 | ||||||||||||
Other income (expense), net |
7 | 93 | 87 | 1,938 | ||||||||||||
Income (loss) before income tax benefit |
(2,231 | ) | (184 | ) | (5,809 | ) | 184 | |||||||||
Income tax benefit |
| 235 | | 235 | ||||||||||||
Net income (loss) |
$ | (2,231 | ) | $ | 51 | $ | (5,809 | ) | $ | 419 | ||||||
Net income (loss) per share: |
||||||||||||||||
Basic |
$ | (0.07 | ) | $ | 0.00 | $ | (0.17 | ) | $ | 0.01 | ||||||
Diluted |
$ | (0.07 | ) | $ | 0.00 | $ | (0.17 | ) | $ | 0.01 | ||||||
Weighted average common shares outstanding: |
||||||||||||||||
Basic |
33,566 | 32,885 | 33,441 | 32,731 | ||||||||||||
Diluted |
33,566 | 34,777 | 33,441 | 34,623 |
September 30, | December 31, | |||||||
2011 | 2010 | |||||||
ASSETS |
||||||||
Cash and cash equivalents |
$ | 7,291 | $ | 9,942 | ||||
Short-term investments |
6,919 | 14,532 | ||||||
Accounts receivable, net |
6,703 | 8,620 | ||||||
Inventories |
12,857 | 10,307 | ||||||
Prepaid expenses and other current assets |
390 | 460 | ||||||
Total current assets |
34,160 | 43,861 | ||||||
Other assets, net |
7,761 | 6,312 | ||||||
Total assets |
$ | 41,921 | $ | 50,173 | ||||
LIABILITIES AND EQUITY |
||||||||
Liabilities, excluding deferred revenue |
$ | 3,904 | $ | 6,037 | ||||
Deferred revenue |
752 | 1,838 | ||||||
Total liabilities |
4,656 | 7,875 | ||||||
Total stockholders equity |
37,265 | 42,298 | ||||||
Total liabilities and equity |
$ | 41,921 | $ | 50,173 | ||||
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