This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

MagicJack Raises Revenue And GAAP EPS Estimate Range For Full Year 2012

Revised 2012 GAAP Estimates

The Company is raising its estimates for 2012 revenue and EPS as follows:

  Previous Estimate Revised Estimate
Revenue increase year-to-year  25% - 40%   35% - 45%
EPS  $1.50 - $1.80  $1.70 - $2.00

Please note, these estimates may change and could be affected by various adjustments or other conditions. Please read this entire press release and refer to previous and future SEC filings for these and other risk factors.

President Andrew MacInnes stated, "We will continue to use any excess cash flow we produce to fund our successful share buyback program as long as our stock remains undervalued. With efficiencies being added, patents being acquired (just awarded another patent relating to 911 technology we have available), and additional services and products being built, the value of magicJack increases."

CEO Dan Borislow added, "We finally launched our Android beta app last week and have seen total downloads of all apps at over 20,000 a day. As previously disclosed, we launched a new invention for our apps. The invention enables anyone who downloads a free app and makes free calls to automatically leave behind a real callback phone number. The invention is patent pending. Other new products are on the way in Q4 including the magicJack Wi-Fi with the best home phone voice quality I have ever heard. With these terrific product and service additions, we expect more customers to renew their licenses in the future and take advantage of purchasing future customer benefits. We have a few more areas for cost cutting and efficiency, but the low hanging fruit and even most of the ripe fruit from the tree has been harvested. magicJack successfully integrated over five business combinations to date and retained all the best employees and technology of each. After building this efficient foundation, the trick now is to add more customers offering more products and services for each one. We can now do this in a measured format (with the efficient foundation we built), enhancing the customer experience every step of the way. We also still have a few inventions up our sleeve and hope they will also add substantial value to the mix."

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs