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Fourth Quarter 2010 Revenues Rise 19% Sequentially and 14% Year-Over-Year
deltathree Successfully Secures $1.6 Million in Additional Financing as of March 2, 2011
NEW YORK, March 3, 2011 (GLOBE NEWSWIRE) --
deltathree, Inc. (OTCQB:DDDC) (OTCBB:DDDC), a global provider of video and voice over Internet Protocol (VoIP) telephony services, products, hosted solutions and infrastructures for service providers, resellers and direct consumers, today announced financial results for the fourth quarter and full year 2010 ended December 31, 2010.
Mr. Effi Baruch, Chief Executive Officer, President and Senior Vice President of Operations and Technology of deltathree, stated, "deltathree's fourth quarter 2010 results were highlighted by our third consecutive quarter of increased top line revenue as we extended our growth trajectory based on solid demand for our expanded range of global VoIP-based voice and video solutions. Sales were driven by stronger than projected demand for our new mobile VoIP applications, the continued rollout of our digital voice and video phone offerings as well as an improved performance among some of our larger international reseller customers. While the full year revenue comparison reflects the suspension of the operations of our then-largest reseller customer at the end of 2009, we successfully recorded double-digit revenue growth in the most recently completed quarter. Renewed top line growth combined with our ongoing efficiency and cost reduction measures allowed us to improve deltathree's bottom line performance in 2010, while we continue to innovate and deploy next generation communications solutions."
"On the product development front, we are continuing to build on the momentum of our mobile VoIP applications, which offer cellular customers new and flexible ways to make low cost mobile calls over 3G cellular networks as well as WiFi networks. We are extending the successful launch of our joip Mobile and ACN Mobile World applications with the deployment of white label offerings based on our mobile VoIP dialer capabilities as well as adding application support for the Blackberry mobile operating system, opening up a vast additional market comprised of millions of Blackberry customers worldwide. We are also moving forward with the development of a new video content system as a way to deliver additional value added services to our video phone customers, with the goal of furthering monetizing the high bandwidth delivery platform we have deployed across our international digital video phone customer base."