Infosonics Corp., the San Diego distributor of cellphones and wireless devices mainly in South America, reported record fourth quarter sales, units shipped, and broke through for a small net profit.
Sales in the fourth quarter were $11.9 million, up 40 percent from the like quarter of 2012.
Net income came in at $125,000, compared with a net loss of $1.2 million in the like quarter of 2012.
For the full year, revenue was $37.9 million, up 11 percent from 2012.
Infosonics reported a net loss for the year of $597,000, compared with a net loss of $2.5 million in 2012.
Unit shipments in the fourth quarter nearly doubled to about 1.9 million, a new record, the company said.
The company said cash at year-end was $2.4 million, down from $5.2 million at the end of 2012.
CEO Joseph Ram said he was pleased with the results. “We are beginning to see a higher overall demand for smartphones, and are adjusting our portfolio of products accordingly. In 2014, we also plan to increase our sales efforts in the United States,” Ram said.