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

Teliphone Corp. Releases First Quarter Financial Results

Stocks in this article: TLPH

  • Shareholder Equity increases to $23 million
  • Annualized Revenue increases to $37 million

VANCOUVER, British Columbia, April 5, 2013 (GLOBE NEWSWIRE) -- Vancouver-based Teliphone Corp. (OTCQB:TLPH), one of the world's local digital telecommunications companies, is pleased to announce its first quarter results for the period ending December 31, 2012. Results had been delayed due to the complexity of the acquisition of the operations of Navigata Communications 2009 Inc. (Navigata). The Company does not anticipate future delays in reporting.

Consolidated results net revenue for the quarter ending December 31, 2012 were $2,887,853 a 42% increase from the same period in 2011. These revenues include 20 days of operations post acquisition of the operations of Navigata Communications 2009 Inc. on December 11, 2013. The Company recorded Earnings Before Interest Depreciation Taxes and Depreciation (EBITDA) of $163,239, up from 114,588 in the same period in 2011. The net loss was $353.661, up from $84,619, primarily due to increased depreciation expense and onetime costs of acquisition. Total shareholder equity rose to $22,793,976 or $0.18 per share from $4,608,719 ($0.072 per share) at September 30, 2012.

The Teliphone's annualized revenue is now $37 million per annum with the inclusion of the recent acquisitions Navigata, Titian Communications Inc. and Cloud-Phone Inc.

Teliphone's President, Benoit Laliberté stated, "We are very pleased at the significant growth in revenues over the last 12 months as we implement our business plan and are particularly encouraged by the positive EBITDA just a few weeks after the acquisition of Navigata. We will continue to focus our effort on revenue growth and cost reductions through efficiencies and economies of scale."

Financial details have been released through a Form 10Q filed with the US Securities and Exchange Commission.

About Teliphone Corp. / Teliphone Navigata-Westel Inc.

From its origin in 1957 as BC Rail Telecom, to its evolution into Teliphone Navigata-Westel, the company is now one of the largest independent facilities-based Competitive Local Exchange Carrier (CLEC) in Canada providing voice, data, broadband Internet, IT support, Cloud computing, Co-location data centres and IPTV service across Canada. Teliphone services carriers, business, government and residential customers on a national network which includes a wireless backhaul network, a trans-Canada SONET fibre optic network and multiple CLEC/ILEC mutual CO facilities. Teliphone also operates a US network and its voice and IPTV services are available in 47 countries.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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!

Markets

DOW 17,304.37 -112.48 -0.65%
S&P 500 2,004.80 -16.45 -0.81%
NASDAQ 4,655.3950 -28.0120 -0.60%

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