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Inteliquent Reports Fourth Quarter 2013 Results And Declares Quarterly Dividend

Stocks in this article: IQNT

Recent financial and operating highlights include:

  • Fourth quarter 2013 voice revenue of $50.2 million compared with $49.5 million in the fourth quarter of 2012 and $50.1 million in the third quarter of 2013;
  • Net income of $8.8 million in the fourth quarter of 2013, compared with a net loss of $85.8 million in the fourth quarter of 2012 (the loss includes an impairment charge of $68.4 million related to goodwill, intangible assets and fixed assets and a loss from discontinued operations of $30.4 million), and net income of $6.5 million in the third quarter of 2013;
  • Adjusted EBITDA (a non-GAAP financial measure) of $18.0 million in the fourth quarter of 2013 compared with $14.2 million in the fourth quarter of 2012, and $17.0 million in the third quarter of 2013 (see reconciliations tables for reconciliation to net income);
  • Free cash flow (a non-GAAP financial measure) of $15.4 million in the fourth quarter of 2013, compared with $9.4 million in the fourth quarter of 2012, and $15.0 million in the third quarter of 2013 (see reconciliations tables for reconciliation to net income);
  • Billed minutes of 30.4 billion in the fourth quarter of 2013, compared with 31.9 billion in the fourth quarter of 2012, and 30.4 billion in the third quarter of 2013;
  • Annual guidance for 2014 of $200 million to $210 million of revenue, $61 million to $66 million of adjusted EBITDA (a non-GAAP financial measure), and $10 million to $12 million of capital expenditures;
  • Increases quarterly dividend to $0.075 per outstanding share of common stock.

CHICAGO, Feb. 27, 2014 (GLOBE NEWSWIRE) -- Inteliquent, Inc. (Nasdaq:IQNT), a leading provider of voice services, today announced its financial results for the fourth quarter and declared its next quarterly dividend.

"We are very pleased with our strong results for the fourth quarter," said Ed Evans, Chief Executive Officer of Inteliquent. "During the quarter, we continued to see growth from our sales pipeline and we continue to focus on cost management. The results of the fourth quarter reflect the improved operating performance of our voice business."

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