Sonic Innovations SNCI Q2 report
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Here is the results from PR NewsWire. To summarize:
Net sales from continuing operations for the second quarter 2007 of $30.4 million were up 16.4% over the $26.1 million for the second quarter of 2006.
North American sales of $11.8 million in the second quarter 2007 increased 8.2% from 2006. European sales of $12.8 million in the second quarter 2007 increased 33.1% from the second quarter 2006. Rest-of-world sales of $5.8 million in the second quarter 2007 were up 3.9% from 2006.
I am listening to its conference call, it seems the Q3 and 2007 outlook are good.
On a separate matter, Ninetowns (NINE), the stock I traded a few times, dropped to $3 level as its operation continued to deteriorate, and its CEO and main shareholder (appears) cashing money at the expense of small shareholders. I’m glad I no longer have that. In my mind, management integrity is as important as management competence, if not more.