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TheStreet Open House

Inteliquent Reports First Quarter Results And Increases 2014 Financial Estimates

Financial and operating highlights include:

  • First quarter 2014 voice revenue of $56.2 million, compared with $50.5 million in the first quarter of 2013 and $50.2 million in the fourth quarter of 2013;
  • Net income of $9.2 million in the first quarter of 2014, compared with net income of $6.9 million in the first quarter of 2013 and net income of $8.8 million in the fourth quarter of 2013;
  • Adjusted EBITDA (a non-GAAP financial measure) of $20.2 million in the first quarter of 2014, compared with $18.1 million in the first quarter of 2013 and $18.0 million in the fourth quarter of 2013 (see the reconciliation table at the end of this press release for a reconciliation to net income);
  • Free cash flow (a non-GAAP financial measure) of $17.6 million in the first quarter of 2014, compared with $12.0 million in the first quarter of 2013 and $15.4 million in the fourth quarter of 2013 (see the reconciliation table at the end of this press release for a reconciliation to net income);
  • Billed minutes of 33.1 billion in the first quarter of 2014, compared with 30.6 billion in the first quarter of 2013 and 30.4 billion in the fourth quarter of 2013;
  • Revised financial estimates for 2014 of $210 million to $220 million of revenue, $68 million to $72 million of adjusted EBITDA (a non-GAAP financial measure), and $10 million to $12 million of capital expenditures.

CHICAGO, May 1, 2014 (GLOBE NEWSWIRE) -- Inteliquent, Inc. (Nasdaq: IQNT), a leading provider of voice services, today announced its financial results for the first quarter of 2014.

"Our team is very pleased with the start to 2014," said Ed Evans, Chief Executive Officer of Inteliquent. "During the quarter, we experienced strong financial results, continued to maintain a healthy sales pipeline, all while maintaining our emphasis on cost management. The results of the first quarter reflect the sustained improvements we have made in operating our business."

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