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ZAGG Brands has launched a new lineup of four rugged portable batteries under the mophie brand. These include the powerstation go rugged compact, powerstation go rugged AC, powerstation go rugged with air compressor, and powerstation go rugged flashlight. Designed for durability, these products cater to various power needs on-the-go, featuring multiple charging ports and capacities ranging from 8,100 mAh to 15,000 mAh. Available now at major retailers and online for prices between $99.95 and $159.95, each product comes with a two-year warranty, promoting reliability for everyday use.
ZAGG Brands has unveiled two new screen protectors under the InvisibleShield brand, featuring D3O technology: GlassFusion VisionGuard+ and GlassFusion+. Both products offer enhanced impact protection, with a 20% increase in durability over previous models, and include anti-microbial properties. The VisionGuard+ filters harmful blue light and maintains screen clarity, while GlassFusion+ provides superior impact resistance without sacrificing touch sensitivity. Available for iPhone 12 models, prices start at $49.99. InvisibleShield remains the top-selling screen protection brand in the U.S., having sold over 215 million units.
ZAGG Inc has completed its sale to a buyer group led by Evercel, Inc., previously announced on December 11, 2020. Stockholders will receive $4.20 per share in cash, plus a potential additional payment of up to $0.30 per share. Following this transaction, ZAGG's common stock will no longer trade on the Nasdaq Global Select exchange. ZAGG is a leader in mobile lifestyle accessories, while Evercel takes a hands-on approach to managing acquired businesses.
ZAGG Inc (Nasdaq: ZAGG) has announced that more than 56% of its stockholders voted in favor of a merger agreement with a buyer group led by Evercel, Inc. at a special meeting on February 18, 2021. The merger is set to close on or around February 22, 2021, marking a significant step in ZAGG's acquisition process. This move aims to reshape ZAGG's operational capabilities and enhance its competitive position in the global mobile lifestyle market.
ZAGG Brands (NASDAQ:ZAGG) announced the launch of two innovative screen protectors, GlassFusion VisionGuard+ with D3O and GlassFusion+ with D3O, designed for Samsung Galaxy S21 series smartphones. These products incorporate advanced D3O technology, offering 20% more impact and shatter protection compared to previous models. Both protectors feature antimicrobial properties and are engineered to withstand impacts from up to seven feet. Priced from $39.99 to $59.99, they are available on ZAGG.com and various retail locations, backed by a limited lifetime warranty.
ZAGG Brands has unveiled four new protective cases for the Samsung Galaxy S21 line. The new cases include the Copenhagen, utilizing D3O® Bio made from 52% renewable plant-based material, showcasing ZAGG's commitment to sustainability. Other models include the Crystal Palace, Havana, and Denali, designed for varying levels of impact protection. Prices range from $29.99 to $49.99. These cases are now available on Gear4.com and at major retailers such as Verizon and T-Mobile, featuring a limited lifetime warranty.
ZAGG Inc (Nasdaq: ZAGG) announced a definitive agreement for its acquisition by a Buyer Group led by Evercel, Inc., offering stockholders $4.45 per share, comprising $4.20 at closing and a potential additional $0.25 contingent on the forgiveness of a PPP Loan. The transaction has unanimous Board approval and is expected to close in Q1 2021, pending stockholder approval and regulatory clearance. The deal aims to enhance value for shareholders and foster growth, with both companies expressing optimism about the partnership.
ZAGG Brands (NASDAQ:ZAGG) announced the launch of two protective cases for the iPhone 12 series: the Crystal Palace Snap and Rio Snap, priced at $49.99 each. Both cases feature D3O technology, offering up to 13 feet of drop protection while maintaining compatibility with MagSafe accessories. The cases also include antimicrobial properties and are designed with sustainability in mind, utilizing recyclable packaging and plant-based inks. They are currently available on Gear4.com and at various retail locations.
ZAGG reported third-quarter 2020 net sales of $115.5 million, down 21% from $146.5 million in Q3 2019. The gross profit margin declined to 33% from 37%, with net income falling to $6.2 million compared to $8.7 million a year earlier. Year-to-date sales were $283.6 million, down 15%, leading to a net loss of $(72.7 million). ZAGG's CEO highlighted improvements in operations and adjustments made in response to COVID-19. The company withdrew its full-year outlook due to ongoing pandemic uncertainty.
