ZAGG Inc. (OTCBB: ZAGG), whose name stands for “Zealous About Great Gadgets,” continues to gain in popularity among gadget lovers. ZAGG’s mission is to offer “innovative ways to improve the relationship between people and their beloved gadgets.” Judging by their impressive growth — they reported triple-digit year-over-year sales growth for the third quarter — it may be time to prepare the mission-accomplished banner.
The Company’s growth momentum is largely attributable to sales of its patented gadget protector — the invisibleSHIELD™ — a transparent military-grade film that keeps gadgets such as iPods, cell phones, and digital cameras scratch-free. The invisibleSHIELD™ is proving to be an inexpensive way to extend the life and look of consumer electronics products. This transparent film is virtually indestructible — check out the videos on ZAGG’s Web site or on YouTube to see it in action.
ZAGG’s is an appealing opportunity for investors when you consider its high sales growth rate, steadily increasing earnings (the company achieved positive net income with diluted earnings of $0.05 per share in 3Q08), and solid cash position of $949,833 on its balance sheet as of September 30, 2008.
Factor in that the multibillion-dollar consumer electronics industry they serve is one of the fastest-growing industries around and then consider that the company doesn’t just make superior gadget protectors. The company also makes an award-winning audio line – ZAGGaudio – which offers innovative and quality digital audio products including Z.buds earphones (a Consumer Electronics Show Innovation Design and Engineering Showcase honoree), ZAGGphones (headphones) and USB Laptop and Desktop speakers.
In today’s economy we welcome any alternative that can delay the purchase of a new smartphone or iPod. ZAGG understands we love our gadgets – and they are passionate about staying in tune with and meeting the needs of their tech-savvy customers.
this company kicks you know what. I am up over 60% so far in 6 months and am buying more all the way up as I believe the stock is a fairly easy double in the next 12 months from where it sits today.