deltathree defines adjusted EBITDA as earnings before stock-based compensation, telecom tax adjustment, interest, income taxes, depreciation and amortization, and accrual for contingency. deltathree uses adjusted EBITDA as a measure of the company's operating trends. The adjusted EBITDA numbers presented may not be comparable to similarly titled measures reported by other companies. Consistent with Regulation G under the U.S. federal securities laws, the non-GAAP measures in this press release have been reconciled to the nearest GAAP measure, and this reconciliation is located under the heading "Reconciliation of Non-GAAP Financial Information to GAAP" following the Condensed Consolidated Statements of Cash Flows included in this press release.As of December 31, 2010, deltathree held approximately $475,000 in cash, cash equivalents, restricted cash and short-term investments, and had negative working capital equal to approximately $3.9 million and negative stockholders' equity equal to approximately $3.6 million.
Deltathree Reports Fourth Quarter And Full Year 2010 Financial Results
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