posted
i saw this deal today as well.....i remeber seeing the lcd tvs being sold at office depot and wondered "who are these guys". anyway i think the deal looks good. i think the next news will be interesting.
Posts: 20 | From: van | Registered: Jul 2007
| IP: Logged |
Say they can do $50 million in revenue the second half which would be growth of over 40% cmpared to last year. With $50 million in the second half total revenue would be around $90 million for the year. With a price to sales ratio of 1 it puts the price at $1.60 (assuming 56 million diluted shares) With a PE of 20 the price would be between $1.40 and $1.60 assuming they meet the .07 to .08 earnings range. I would argue that the PE should be higher then 20 growing at over 40%! I would say a conservative target would be around $1.50. (at $1.50 the company is still valued at under $100 million)
So i think its a strong buy.Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
SOYO Updates Shareholders On Their Prive Brand of Products SOYO Has Received Orders for Over $17,000,000 in Prive Products YTD
Last Update: 9:30 AM ET Sep 20, 2007Print E-mail Subscribe to RSS Disable Live Quotes
ONTARIO, Calif., Sep 20, 2007 (*********wire via COMTEX) -- SOYO Inc. (SOYO:soyo group inc com News, chart, profile, more Last: 0.84+0.08+11.11%
3:59pm 09/20/2007
SOYO an innovative provider of computer and consumer electronics products, reported that they have received orders and have shipped and will be shipping orders equaling just over USD $17,000,000 worth of their Prive brand of products. The brand has gained acceptance and the momentum continues to be growing for the Prive brand. Harvey Schneider, Director of Sales for SOYO said, "I am very happy with the amount of business we have done with the Prive brand. It has not gone without its problems however; we needed to make some adjustments to what we were delivering, and have made adjustments and we have new orders totaling USD $11.3 million dollars for the Prive brand of LCD TV's. The new orders are for delivery starting this month through the end of the year. The Prive brand has appeared in weekly advertisements, which has also been very successful for us." Ed O'Brien Director of Marketing, for SOYO, said "We really have not spent a lot on marketing the product. We have it priced very competitively, packaged with both French and English and from there it is selling itself." SOYO announced the Prive Line of LCD TV's in April of 2007 and shipment began in May 2007, The Prive brand is an opening price point brand, and offers the consumer an affordable LCD flat screen solution. SOYO has also recently introduced a product of similar size and spec to the Latin American market. Prive LCD TV's are built to alter the consumer's way of living, not their budget, and are currently available at retail in Canada. For more information about the Prive brand please visit www.privedisplays.com About SOYO Inc. SOYO Group Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
let's see if it can break through $1 on monday. sales figures seem to be pretty good. don't know what kind of margins they're getting though
Posts: 915 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
ONTARIO, Calif., Oct. 11, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics products, reports preliminary unaudited results for the third quarter, which ended September 30, 2007, as well as updated revenue guidance for the fiscal year ending December 31, 2007. While results of the third quarter are still being finalized, the Company expects to report record revenues, exceeding $34,000,000, and a blended gross margin of 13.5 percent. In addition, SOYO estimates profits to total $1,000,000, or two cents per share for the quarter ended September 30, 2007.
Nancy Chu, SOYO's Chief Financial Officer commented, "We were very successful in promoting our LCD monitors through a national chain of office super stores, and our Prive product line sales in Canada were also significantly higher than expected. Sales of our Le Vello furniture line and other high margin products were in line with our expectations, however our margins suffered due to our increased revenues, which were much higher than anticipated. As a result, our gross margin in dollars were above our expectations, while our blended gross margin percentage was lower than anticipated."
Ming Chok, SOYO's Chief Executive Officer, stated in his letter to shareholders, "I believe that we can reach, or exceed, $50MM in sales over the second half of the year, while maintaining our 16 percent gross margin. By carefully monitoring our expenses, we could earn as much as seven to eight cents per share on a fully diluted basis in 2007."
SOYO now anticipates the fiscal year's gross margin to be approximately 15 percent, and earnings of three cents per share for the third quarter. Based on these results the company will adjust its year-end projections to be $98 million in revenue and $.07 EPS. Previously, SOYO had estimated annual revenues of $88 million and $.07-.08 EPS. SOYO's shareholder letter stated that $50MM and 16% were predicated on its ability to raise an additional $5MM in capital. The Company has not yet raised that capital and this is the reason it was not able to maintain the 16 percent blended margin.
About SOYO Inc.
SOYO, Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyo.com.Posts: 915 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
posted
For the first 6 months revenue was $39 million in the third quarter it will be around $34 million. So for the first three quaters revenue is at around $73 million. They are now projecting revenue for the year at $98 million. Leaving the fourth quater at $25 million.
Is it just me but I think they might be low balling their estimates?
Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
BoonMarket.com: BoonMarket.com Launches Coverage of SOYO Group Inc. 45 minutes ago - M2
BoonMarket.com announced today their renewed interest in SOYO Group Inc. (OTCBB: SOYO). SOYO has been mentioned on BoonMarket.com in the past and recent developments within the company have compelled BoonMarket.com to closely follow the company once again.
Don't be crazy enough to ignore the riveting insight we provide. In-depth analysis of this and other companies can be viewed through BoonMarket.com's special email alerts. You can sign up for these alerts for free (limited time only) by visiting http://visitor.constantcontact.com/email.jsp?m=1101186369563.
SOYO Corrects Year End Guidance Press Release Issued October 11, 2007
SOYO Inc., corrects press release issued October 11, 2007 titled ''SOYO Provides Quarter End Outlook and Updates Fiscal Year Revenue Guidance''.
In the first paragraph SOYO stated: ''While results of the third quarter are still being finalized, the Company expects to report record revenues, exceeding $34,000,000, and a blended gross margin of 13.5 percent. In addition, SOYO estimates profits to total $1,000,000, or two cents per share for the quarter ended September 30, 2007.'' The Company says this statement is correct.
In the final paragraph SOYO stated: ''SOYO now anticipates the fiscal year's gross margin to be approximately 15 percent, and earnings of three cents per share for the third quarter. Based on these results, the company will adjust its year-end projections to be $98 million in revenue and $.07 EPS.''
This statement was incorrect. The statement should read ''SOYO now anticipates the fiscal year's gross margin to be approximately 15 percent, and earnings of three cents per share for the fourth quarter 2007. The Company also adjusted its previously estimated 2007 revenue target from $88 million to $98 million and is estimating $.07 EPS for the year.
BoonMarket.com has become the premier stop for those investors who wish to experience huge profits via up-and-coming publicly traded companies. For more information, please see our contact information below.
SOYO Group Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO Group sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.
Disclaimer: Never invest in any stock featured on the BoonMarket.com website or email alerts unless you can afford to lose your entire investment. Please read our full disclaimer at: http://www.boonmarket.com/legaldisclaimer.html. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements set forth in this press release constitute ''forward-looking statements.'' Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the word expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
Posts: 130 | From: Ohio | Registered: Aug 2006
| IP: Logged |
Photo Release -- SOYO Announces Production of Its First Honeywell Products 9:30 AM EDT October 16, 2007 ONTARIO, Calif., Oct. 16, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics, today announced their first Honeywell branded product: the Honeywell SecuraDrive(tm).
The Honeywell SecuraDrive(tm) USB 1.8 inch Hard Drive features Password Protection, which allows the user to safely carry their sensitive data while traveling, and will be available in 80 GB, 120 GB and 160 GB capacities. The Manufacture Suggested Retail Price (MSRP) is $249.99, $299.99 and $349.99 USD respectively. The SecuraDrives(tm) are very small and sleek, measuring only 3.8 x 2.4 x 0.6 inches. They are enclosed in a metal alloy case, which weighs only 5.1 ounces and will easily fit into a shirt pocket. The SecuraDrives(tm) are currently in production, and will be available for sale in December 2007.
Password technology allows the user to allocate part or all of the SecuraDrive(tm)'s capacity to be public or private. If you choose to have a private area on the drive, the software will assist in setting up a partition and will record your private password. Once the password is assigned, the data will be secure, even if the hard drive is lost or stolen. The SecuraDrives(tm) are Bus powered, and each comes with a travel case, cables, CD Software, and will feature a USB 2.0 Hi-Speed interface with transfer speeds of up to 480 Mbits per second. The SecuraDrive(tm) will utilize the Samsung SpinPoint N2 line of 1.8 inch drives which feature 8 MB buffer, 4200 RPM, and up to 1500G of non-operational linear shock. The Honeywell SecuraDrives(tm) are compatible with Microsoft Windows operating systems. They are a perfect solution for storing sensitive or private data, backing-up your laptop or desktop, storing MP3 music files, videos files and photos.
Edward O'Brien, Director of Marketing for SOYO said, "After eight months of development we are happy to announce the Honeywell SecuraDrive(tm). We have received many requests from corporate customers for this type of product, and are excited to have been able to incorporate password protection technology in the Honeywell SecuraDrive(tm) product line."
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.Posts: 915 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
posted
Only reason I mentioned that is because with such a low market cap it will only take one institution to start buying shares to drive this up even more. Plus there goal is to get to $2 so they can list on AMEX.
When buyinga stock you are buying future earnings and IMO the future looks pretty bright. Like I've said before the Honeywell division is very exciting IMO!
Also still light volume. For this stock it was great volume but as far as money trading hands it is still below $1 million.
Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
Figured it went up to quickly. If you are considering getting in I would wait till things settle down a bit.
Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
Fry's Electronics Adds SOYO's 20.1-Inch Wide and 22-Inch Wide LCD Monitors to Their Line-Up Wednesday October 24, 9:30 am ET Initial Shipments Exceed One Million Dollars
LOS ANGELES, Oct. 24, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTC BB:SOYO.OB - News), an innovative provider of computer and consumer electronics products, today announced that Fry's Electronics has added the 20.1-inch wide and 22-inch wide LCD Monitors to their line-up. Initial shipments exceeded one million dollars. Fry's also carries other SOYO's products such as their Freestyler(tm)500 Bluetooth Headset. Harvey Schneider, Director of Sales for SOYO Inc. said, ``We are excited that Fry's has extended their commitment to our LCD Monitor line. We believe this has the potential to lead to other opportunities to do business with Fry's in other categories such as LCD TVs and our Le Vello Furniture in the future. The sales for our LCD Monitors have significantly increased this year and we are looking forward to continuing their upward trend with the addition of Fry's Electronics.''
Product began shipping last week and can be found in all 34 Fry's Electronics stores Nationwide. Additionally, the SOYO products can be found online at http://www.frys.com.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.Posts: 915 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
SOYO's LCD TVs Now Available At HHGregg Appliance and Electronics Stores 9:30 AM EDT October 30, 2007 ONTARIO, Calif., Oct. 30, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB:SOYO), an innovative provider of computer and consumer electronics, today announced that their LCD TVs are now available in all 83 HHGregg Appliance and Electronics Stores in the South and Midwest. HHGregg will initially carry SOYO's 26 inch and 37 inch LCD TVs.
Harvey Schneider, Director of Sales for SOYO, said, "HHGregg is one of the nation's leading retailers of home appliances and consumer electronics. HHGregg is an ideal partner for SOYO because they fit our distribution strategy of selling products through key regional retailers. With our high quality products at an affordable price, I believe that this will be a successful venture for both companies."
The SOYO Products will be available very soon in HHGregg stores and online at HHGregg's website, www.hhgregg.com and will appear in the HHGregg circular.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Vello, and Prive brand names. For more information, please visit http://www.soyogroup.com.Posts: 915 | From: novato,ca,usa | Registered: Aug 2003
| IP: Logged |
posted
A little nervous because of the strained consumer plus the need for funding concerns me a bit. They will need a lot more cash to ramp up production of the new LCD's.
Posts: 1284 | From: Ohio | Registered: Mar 2004
| IP: Logged |
posted
SOYO Set to Attend the Annual Consumer Electronics Show November 8th, 2007 SOYO will Debut Several Lines of Honeywell Branded Consumer Electronics Products
ONTARIO, Calif., November 6, 2007 (PRIME NEWSWIRE) -- SOYO Inc. (OTCBB: SOYO) an innovative provider of computer and consumer electronics today announced that they are set to debut their line of Honeywell LCD TV’s and LCD Monitors at the annual Consumer Electronics Show (CES), which will be held from January 7, 2008 to January 10, 2008 in Las Vegas, Nevada. Also on display will be the line of the Honeywell SecuraDrive™ 1.8 inch Hard Drives.
Edward O’Brien, Director of Marketing for SOYO said, “CES will mark the launching point for SOYO’s Honeywell brand of consumer electronics products. This also marks SOYO’s first time formally introducing our LCD products as a member of CEA. CES is the perfect platform for the debut because it draws top industry professionals, the nation’s major retailers, buyers and Global media coverage. This show is considered the most important show of the year in the consumer electronics industry, and has brought in record numbers of attendance for the last two years. We are looking forward to introducing SOYO’s Honeywell brand of consumer electronics products and excited for the industry and the media to view our products.”
CES is the largest Consumer Electronics Show in the World. 2,700 exhibitors and over 140,000 attendees come to the show every year, with 200 conferences given by over 300 expert speakers. Some products that have been debuted at CES in the past include the Plasma TV, Blu-Ray DVD and the Microsoft Xbox.
About SOYO Inc.
SOYO Inc. is an innovative provider of consumer electronics such as, LCD Monitors, LCD Televisions, Bluetooth, Portable Storage, LCD Furniture and broadband telecommunications products and services. Headquartered in Ontario, California, with additional sales offices in South America, SOYO sells its products through an extensive network of authorized distributors, resellers, system integrators, VARs, retailers, mail-order catalogs and e-tailers. Products are sold under the SOYO, Dragon, Onyx, Dymond, Honeywell, Le Včllo, and Privč brand names. For more information, please visit http://www.soyogroup.com.Posts: 74 | From: Midwest | Registered: Dec 2003
| IP: Logged |
UBBFriend: Email this page to someone!
