This Day On The Street
Continue to site
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

Inteliquent Reports Financial Results That Exceed Revised 2012 Financial Guidance

Data traffic volume increased by 42% to 9.5 terabits per second in the fourth quarter of 2012, compared to 6.7 terabits per second in the fourth quarter of 2011.  Data traffic volume for the full year 2012 was 32.7 terabits per second, an increase of 46% from 22.4 terabits per second during 2011.

Adjusted EBITDA in the fourth quarter of 2012 was $14.5 million, a decrease of 34% compared to $22.1 million in the fourth quarter of 2011. In the fourth quarter of 2012, Inteliquent definitively settled a dispute with one of its largest customers and agreed to new terms that govern a portion of their commercial relationship effective October 5, 2012. Inteliquent's fourth quarter 2012 results include the impact of the revised economic terms between Inteliquent and the customer.  Adjusted EBITDA for the full year 2012 was $72.0 million, a decrease of 21% compared to $91.0 million during 2011. See "Use of Non-GAAP Financial Measures" below for a discussion of the presentation of Adjusted EBITDA and reconciliation to net income.

In the fourth quarter of 2012, Inteliquent recorded $91.0 million of one-time expenses, including a $88.7 million asset impairment primarily related to goodwill and intangible assets initially recorded at the time of the Tinet acquisition. The remaining $2.3 million consisted of an additional cash severance charge and an additional write-down of equipment related to our hosted services business line that was discontinued in 2012. In the full year 2012, Inteliquent recorded $103.2 million of one-time expenses, including a $88.7 million asset impairment primarily related to goodwill and intangible assets initially recorded at the time of the Tinet acquisition, a $9.0 million dispute settlement, a $3.4 million write-down related to our hosted services business line that was discontinued in 2012, a $1.2 million cash severance charge, and a $0.9 million charge related to Value Added Taxes from prior periods.

2 of 7

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs