InPhonic Is Running Out Of Cash…and Time

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:

Comments

[Daniel]

Great News Eric. I hope Inphonic goes bankrupt; they are a bunch of thirves praying on the poor and the misinformed with their fake adds.

[Tommy Raines]

One big problem with inphonic was that they did not carry the Helio brand. Helio has been one of the top sellers online due to their young audience. With sites like heliobuy.com offering similar deals with no rebates their audience just dried up.