Rockford Corporation (ROFO) news stock charts
Rockford Corporation (ROFO) Investment Summary:
Rockford designs, assembles, and distributes high performance mobile audio products. Rockford’s mobile audio products are sold to consumers who want to listen to powerful, high quality sound in their cars, trucks and boats. Rockford’s products include digital and analog amplifiers, subwoofers and speakers, accessories, signal processors, and speaker enclosures. Rockford markets its products: • Primarily in the mobile audio aftermarket, where Rockford’s products replace or supplement a vehicle’s original audio system. In this market Rockford sells its products under the Rockford Fosgate and Lightning Audio brands; and • Secondarily as OEM mobile audio products, installed as original equipment in select vehicles. Rockford’s OEM products are offered primarily in various Nissan and Mitsubishi automobiles. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0000950153-08-000527.html#FIS_BUSINESS"ROCKFORD CORPORATION (ROFO:OTC)
Snapshot of ROCKFORD CORPORATION (ROFO)
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OPEN
$0.50
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PREVIOUS CLOSE
$0.52
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DAY HIGH
$0.52
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DAY LOW
$0.23
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52 WEEK HIGH
03/23/09 - $0.65
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52 WEEK LOW
03/30/09 - $0.0001
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MARKET CAP
4.5M
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AVERAGE VOLUME 10 D
9.9K
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EPS TTM
$-0.42
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SHARES OUTSTANDING
8.6M
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ROFO Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for ROCKFORD CORPORATION (ROFO)
Rockford Corp. announced that it plans to discontinue shipping its Rockford Fosgate line of car audio products and accessories to Best Buy Co. Inc. Operations between the two organizations are planned to wind down in May 2010. Rockford's 2010 CES Dealer New Product Showcase gave its dealers insight about where Rockford is going as it celebrates 30 years selling premium car audio products. With over 13,000 square feet of exhibit space at the Palms ballroom, Rockford was the buzz in the mobile audio category. Geared up to take advantage of the new market landscape, Rockford launched over 40 new products including several new industry changing technologies in amplifiers, specifically Constant Power, Full Range AD and BRT (boosted rail technology). The Rockford Team also revealed PUNCH PLUGS, in-ear monitors, and RFDJ a passive 2-way professional loudspeaker that catapults Rockford into two new categories of product with natural brand extensions.
Rockford Corp. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. Net loss for the quarter was $0.5 million or $0.05 per diluted share compared to a net loss of $0.9 million or $0.10 per diluted share for the comparable period in 2008. Net sales for the quarter decreased to $12.3 million compared to $18.2 million for the same period in 2008. For the quarter operating loss was $0.4 million against $0.7 million and loss before income tax was $0.5 million against $0.9 million reported last year. Net loss for the nine month period was $0.1 million or $0.01 per diluted share compared to $0.1 million or $0.02 per diluted share for the comparable period in 2008. For the nine months operating loss was $0.3 million against $0.3 million and loss before income tax was $0.11 million against $0.12 million reported last year. Net sales for the nine months were $42.2 million compared to $58.4 million for the same period in 2008. The decrease in Net Sales were primarily due to lower royalty revenue, reduced sales of Rockford's Lightning Audio branded products, and reduced sales to international customers. Cash provided by operations was $7.4 million for the nine months ended September 30, 2009 compared to $1.3 million of cash provided by operations for the nine months ended September 30, 2008. A reduction in inventory was the primary source of cash for Rockford during the first nine months of 2009. Expenditure on purchases of property and equipment was $0.9 million against $0.3 million reported last year.
Rockford Corp. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share.
Rockford Corporation financial resources
ROFO Competitors
| Company | Last | Change |
| Alpine Electronics Inc | ¥1,110 JPY | +8.00 |
| Alpine Group Inc | $0.21 USD | 0.00 |
| AuraSound Inc | $0.95 USD | 0.00 |
| Clarion Co Ltd | ¥192.00 JPY | +3.00 |
| LOUD Technologies Inc | $0.16 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | ROFO | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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ROFO |
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ROFO transactions
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Target | |
| No transactions in the last 6 months. | ||