"In addition to the recent appointment of our new Vice President of Business Development and Sales we have expanded our sales force to further improve our international sales reach and distribution channels, providing a foundation for additional growth. Subsequent to year-end 2010, we also successfully secured an additional $1.6 million in line of credit financing from our largest shareholder to help fund operations as well as additional growth initiatives. With our world-class international VoIP network at the core, we are optimistic for the first quarter of 2011, as we see attractive opportunities for growth in the mobile application, video phone and reseller markets based on the continued demand for next generation communications solutions," concluded Mr. Baruch.For the fourth quarter of 2010, deltathree reported total revenues of $4.2 million compared with $3.5 million in the third quarter 2010 and $3.7 million reported for the fourth quarter of 2009. For the full year 2010, deltathree reported total revenues of $14.2 million compared to $19.0 million for the full year 2009. The year-over-year decline in full year revenue was primarily related to the suspension of the operations of deltathree's then-largest reseller customer in the fourth quarter of 2009.
Deltathree Reports Fourth Quarter And Full Year 2010 Financial Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.