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ZAGG Inc

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Nov 9, 2020. Its latest SEC filing is a 15-12G from Mar 4, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sells screen protectors and protective cases for mobile devices to consumers, alongside other mobile accessories.

How Did They Make Money?

Customers pay for mobile accessories when products ship, or when delivered under some contracts; direct buyers typically pay at the point of sale, while indirect-channel buyers and franchisees receive short-term credit.

revenue

Who Were Their Customers?

Consumers can buy directly through the company website; most products reach shoppers through retailers and distributors, home-shopping channels, and franchisees.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in .

Operating income,
2% of revenue
▼ −80% vs ($51.7M, 10%)
Net income,
3% of revenue
▼ −64% vs ($39.2M, 7%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q3 FY2020, the three months to Sep 30, 2020
Revenue
▼ −21%
vs $146.5M in Q3 FY2019
Net income
▼ −28%
vs $8.7M in Q3 FY2019
  • Feb 22, 2021 ZAGG completed its sale and was delisted The merger made ZAGG a wholly owned subsidiary; shareholders received $4.20 in cash and a contingent loan-forgiveness right.
  • Dec 11, 2020 ZAGG agreed to be acquired by a buyer group Stockholders were to receive $4.20 per share at closing, with up to $0.25 contingent on loan forgiveness.

Grew. Revenue grew 94% in 4 years, from $269.3M in to $521.9M in , about 18% a year.

Rugged audio and shopping channels The earlier report described portable Bluetooth speakers; the latest also describes a rugged speaker collection, while HALO products are marketed through televised home shopping and e-commerce.

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