ZAGG (OTCBB: ZAGG), maker of the invisibleSHIELD™, is hitting a homerun with its recently launched ZAGGaudio™ product lineup that includes Z.buds (earbuds for iPhones and iPods), ZAGGphones™ (headphones), and its USB Laptop and Desktop speakers. Launched in November, Z.buds mark ZAGG’s first foray into the headphones market.
Functioning as both high-end earbuds and a hands-free headset for all iPhone and iPod models; the high-style, affordable Z.buds are receiving rave reviews throughout the tech world for their superior sound quality and sleek design. One reviewer at iPhoneFAQ.org even called ZAGG’s Z.buds “Perhaps the Best iPhone/Earbuds Ever.”
Named a 2009 CES Innovations Design and Engineering Showcase Honoree for Z.buds, ZAGG will exhibit its products (and receive its award) at the prestigious International Consumer Electronics Show (CES) in Las Vegas, Jan. 8-11, 2009. The International CES is the industry’s largest educational forum, helping companies expand their businesses and promote the hottest consumer electronics products and technologies. (CES witnessed the debut of such classics as the camcorder, VCR, HDTV, Blu-Ray DVD, and Microsoft Xbox, to name a few.)
ZAGG’s attention to quality and engineering is translating to the bottom line. ZAGG moved to profitability in 3Q08, reporting net sales of approximately $6.9M — an increase of 376.9% compared to net sales of $1.45M for the third quarter of 2007. Net sales for the nine months ended September 30, 2008 were approximately $12.5M — an increase of 310.6% compared to net sales of $3M for the nine months ended September 30, 2007.
ZAGG’s net income was $889,743 or $0.05 per share in the third quarter of 2008 compared to a net loss of ($733,428) or ($0.04) per share in the third quarter of 2007. Net income was $950,278 or $0.05 for the nine months ended September 30, 2008 compared to a net loss of ($1,052,293) or ($0.07) for the nine months ended September 30, 2007.
With strong revenue growth for the last eight consecutive quarters, continued retail distribution expansion, and an expanding lineup of innovative products, ZAGG’s is a promising opportunity for investors.
No doubt about it Z.Buds are top of the line. I talked to a ZAGG Mall Cart owner who said they are selling very well. Q4 sales should be strong.
ZAGG Inc. also sells this amazing invisibleSHIELD to protect your iPhone from getting scratched. EQUITIES Magazine wrote an article about it: http://www.equitiesmagazine.com/companies_zagg.php
Man, those ZBuds are too expensive. You can get other comparable bud ear phones for far cheaper. ZAGG really doesn’t know where they are going in terms of company direction. I mean, what do they want to be? Are they the InvisibleShield and ZBUDS? Are they entering the Ipod/Iphone accessory industry full fledged? ZAGG is a company that will forever be stuck in mediocrity. They will make small profits here and there but nothing substantial. Instead of playing around with headphones, they need to streamlining and focus more on their flagship product, the InvisibleShield. They need to make this product easier to apply and just try to make it better in general.
I’d say unless you’ve tried the ZBuds, you don’t know what you are talking about. Finally, someone has made earbuds that don’t hurt! I’ve got two pairs already, one for home and one for the office. ZAGG is all about great innovations and I’m more than impressed with the company so far. I’ve protected my phone and iPod with their film and am just waiting to get it on my laptop.
If you’re not sure what you think, catch a demo and you’ll be impressed and a customer for life. Trust me!
@ S. Mills, I have to agree with “ZAGG fan,” the numbers alone cancel out your proclamation of mediocracy…check it out:
ZAGG’s net income was $889,743 or $0.05 per share in the third quarter of 2008 compared to a net loss of ($733,428) or ($0.04) per share in the third quarter of 2007. Net income was $950,278 or $0.05 for the nine months ended September 30, 2008 compared to a net loss of ($1,052,293) or ($0.07) for the nine months ended September 30, 2007.
With strong revenue growth for the last eight consecutive quarters, continued retail distribution expansion, and an expanding lineup of innovative products, ZAGG’s is a promising opportunity for investors.