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ZAGG, a global leader in mobile lifestyle accessories, will present at the LD Micro 500 Virtual Conference on September 1, 2020, at 4:40 p.m. ET. Interested parties can access a live webcast in the Events section on the company's website. An archive will be available for 90 days after the event. ZAGG's diverse product portfolio includes screen protection, mobile keyboards, and audio products, marketed under brands like mophie and InvisibleShield. The company operates in the US, Ireland, and China, with products available through major retailers worldwide.
InvisibleShield, a ZAGG brand, confirmed the effectiveness of its 2020 screen protectors treated with Kastus anti-microbial technology against human coronavirus and 99.99% of common surface bacteria.
This technology, which lasts the product's lifetime, reflects InvisibleShield's commitment to digital wellness. The partnership with Kastus enhances the product line, addressing growing consumer concerns about mobile device hygiene, especially during the pandemic.
InvisibleShield remains the leading U.S. smartphone screen protector brand with over 215 million units sold globally.
Gear4, a brand of ZAGG, introduces new smartphone cases for the Samsung Galaxy Note20 5G and Note20 Ultra 5G. The cases feature integrated D3O technology for impact protection from drops up to 16 feet and anti-bacterial agents. Available models include Wembley Palette ($29.99), Crystal Palace ($39.99), and Battersea ($49.99), each designed to offer varying degrees of drop protection. Certified through Samsung's Mobile Accessory Partnership Program, these cases combine style with safety and are available online and at Verizon stores with a limited lifetime warranty.
ZAGG Brands has announced new screen protectors for the Samsung Galaxy Note20 5G and Note20 Ultra 5G, including GlassFusion VisionGuard+, GlassFusion+, and Ultra Clear+. These products feature advanced clarity, anti-bacterial agents, and Eyesafe technology to reduce blue light exposure. GlassFusion VisionGuard+ is marketed as unbreakable, while all products are verified as 5G compatible. Prices range from $29.99 to $49.99, and they are available through multiple retailers. The company emphasizes its commitment to digital wellness and customer protection.
ZAGG reported second quarter 2020 financial results, with net sales of $77.1 million, down 28% from $106.8 million in Q2 2019. The gross profit margin fell to 30% from 35%. Although the company posted a net loss of $(3.3) million, improved from $(5.3) million the previous year, it still faced challenges due to COVID-19, including retail store closures. Adjusted EBITDA was nearly break-even at $0.1 million. The year-to-date net sales also decreased by 9% to $168.1 million. ZAGG has taken measures to reduce costs and is shifting focus towards e-commerce.
ZAGG Brands' InvisibleShield announced new screen protectors for the Google Pixel 4a: Glass Elite VisionGuard+, Glass Elite+, and Glass+. These products enhance device protection against scratches and impacts while integrating anti-bacterial technology, designed in partnership with Kastus. Notably, Glass Elite VisionGuard+ not only safeguards against physical damage but also reduces exposure to harmful blue light, promoting eye health. Priced at $49.99, $39.99, and $24.99 respectively, they are available through leading retailers and online.
ZAGG announced the launch of Gear4 protective cases for the Google Pixel 4a, featuring D3O technology for up to 13-foot drop protection. The cases, Wembley Palette ($29.99) and Crystal Palace ($39.99), also incorporate anti-bacterial agents to reduce surface bacteria. Both products maintain a sleek design and support wireless charging. Available now on Gear4.com and Verizon Wireless, these cases exemplify Gear4's commitment to both style and protection.
ZAGG (Nasdaq: ZAGG), a leader in mobile lifestyle products, is set to announce its second quarter 2020 financial results on August 4, 2020, after the market closes. A conference call will follow at 5:00 p.m. ET, where analysts and investors can dial in using the provided numbers or join via a live webcast. A replay of the call will be accessible until August 11, 2020. ZAGG is recognized for its innovative accessories, including brands like InvisibleShield and mophie, and operates globally, with products available at major retailers.
ZAGG Brands has launched two new sanitizers: the mophie UV Sanitizer and InvisibleShield UV Sanitizer, designed to eliminate 99.99% of surface bacteria on mobile devices and commonly touched items using UV-C light. The mophie model features a wireless charging lid, allowing users to charge devices while sanitizing objects up to 6.9 inches long. Priced at $79.99 and $59.99 respectively, both products are available now through various retail channels. These sanitizers address consumer needs for easy and chemical-free sanitation methods in today's mobile-centric lifestyle.
ZAGG reported a Q1 2020 net sales increase of 16% to $91 million, despite a net loss of $75.6 million, largely due to a $44.8 million inventory write-down and an $18.6 million goodwill impairment. Gross profit margin fell to -21%, impacted by decreased demand amid COVID-19. Cash flow improved with $5.8 million provided by operating activities. The company has made strategic cuts, discontinuing certain brands and implementing cost-saving measures, including staff reductions and salary cuts, to enhance financial flexibility.
