Elephant Talk Communications Announces Preliminary Third Quarter Results

SCHIPHOL, The Netherlands, Oct. 4, 2012 /PRNewswire/ -- Elephant Talk Communications, Corp. (NYSE: ETAK) formerly (NYSE Amex: ETAK) ( www.elephanttalk.com), an international provider of software and services developed to manage network, billing and systems infrastructure for the telecommunication industry, today announced preliminary third quarter results for 2012.

(Logo: http://photos.prnewswire.com/prnh/20120917/MM75872LOGO)

(Logo: http://photos.prnewswire.com/prnh/20120917/MM75492LOGO)  

Preliminary 3Q12 results:

• Mobile and Security revenue was approximately $2.9 million, a year-over-year increase of about 106%, up from $1.4 million in 3Q11
• Mobile and Security revenue accounted for an estimated 44% of total third quarter revenue, up from 18% in the same year ago period
• Gross Margin (revenue minus cost of services), a non-GAAP measure, increased approximately 160% to about $2.1 million representing about 31% of total revenue.  Gross Margin for the third quarter of 2011 was $0.8 million and accounted for 10% of revenue.
• Adjusted EBITDA, a non-GAAP measure, improved sequentially to a loss of approximately $2.3 million from a loss of $2.7 million in the second quarter of 2012
• The Company ended the quarter with an unrestricted cash balance of approximately $4.3 million, up slightly from the  $4.1 million reported at the end of the second quarter of 2012

"We are pleased with our preliminary third quarter results", stated Steven van der Velden, CEO of Elephant Talk Communications.  "Due to strong growth of the higher margin Mobile and Security revenues and tight controls on cash in the third quarter, the Company remains on track to achieve its first month of positive operational cash flow by early 2013, excluding non-cash expenses and capital expenditures."

The Company plans to report actual third quarter 2012 results in early November.

1 2 3 Next › Last »