InfoSonics Corporation (NASDAQ:IFON) shares tumbles after reporting its fourth
fiscal quarter, posting decline of 76.5% in revenue for the quarter. Fourth
fiscal quarter net loss narrowed 67% to $725 thousand or $0.05 per share,
compared to $2.2 million or $0.15 per share in the prior year quarter. Revenue
fell 76.5% year over year and increases 76.83% sequentially to $14.5 million in
the fourth quarter from $61.7 million in the same quarter last year and $8.2
million in the third fiscal quarter respectively. Year over year decrease in
revenue is the results of continued reductions in
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