Okay, now that we have got that out of the way. I will go over some of the major items in the most recent quarter. Firstly, the company reported revenue in Q2 of $38.6 million compared to $28.8 million in the same period a year ago representing growth year-on-year of almost 34%. Sequentially, compared to Q1 2012 revenue growth was almost 10%, if one excludes the approximately $2.5 million in revenue associated with the implementation of international prepaid billing rules from the Q1 numbers.Secondly, reducing costs is a [man] curve at the company. So let me discuss improvements in several of the cost categories. Advertising expenditures have been reduced over the last few quarters, we continue to use very cost effective remnant TV advertising and the efficiency of these short form TV swaps is clear from our ongoing sales volumes.
MagicJack VocalTec Communications' CEO Discusses Q2 2012 Results - Earnings Call Transcript
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