InPhonic Is Running Out Of Cash...and Time

| About: Inphonic, Inc. (INPC)

InPhonic (INPC), an online seller of wireless services, Thursday said third quarter results will be “significantly below” previous guidance.

The company also said it has hired Lazard Middle Market to advise the company on financing and strategic alternatives. InPhonic said that “the company requires funding to continue operations.”

That seems like a pretty clear message.

INPC 1-yr chart: