Wireless Xcessories Group Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
November 30, 2012 at 02:33 pm
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Wireless Xcessories Group Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2012. The company reported third quarter revenue of $9,928,387 compared to $5,416, 314 for the same period in fiscal 2012 or an increase of 83.3%. income from operations was $184,847 for 2012 against a loss of $93,299 for 2011. The company had third quarter net income of $109,359 or $0.03 per share, compared to a net loss of $21,951 or $0.01 per share in the same period for 2011.
The company reported nine month revenue of $27,781,430 compared to $15,933,850 for the same period in fiscal 2011, or a net increase of 74.4%. Income from operations was $302,744 or $0.08 per share compared to loss of $149,568 or $0.03 per share a year ago. The company showed net income of $299,882 or 0.08 per share in 2012, compared to a net loss of $2,248 or $0.00 per share in 2011.
Wireless Xcessories Group, Inc. designs, manufactures and distributes accessories for cellular phones. The Company offers around 3,500 items that include batteries, hands free devices, car and travel chargers, as well as carrying cases. The Company provides accessory solutions to the wireless retail channel. The Company stocks a range of phone parts for Apple and Samsung devices, such as Apple iPhone 4, 4S, 5, 5S, 5C, iPad 2, 3, 4, iPad Mini, iPad Air, Samsung Galaxy S3, Galaxy S4, Galaxy S5, Note 2 and Note 3. The Company carries a variety of replacement parts, such as full liquid-crystal display (LCD) assemblies, including small parts, Samsung original equipment manufacturer (OEM) LCDs, LCD/digitizer/glass assemblies, tempered glass, speakers, buttons, front/rear cameras, charging docks and audio ports. The Company sells products to dealers and distributors through an in-house sales force and directly from its Website.
WIRELESS XCESSORIES GROUP, INC. 
