Tellza Announces Q3 Financial Results
Revenue for the Nine Months Ended September 30 Climbs to US$196M - Up 75% Year Over Year
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 10/30/14 -- Tellza Communications Inc. (TSX: TEL) announced its unaudited financial results for the nine months ended September 30, 2014.
Revenue was $196 Million USD compared to $112 Million USD in 2013, growth of 75%. Net Income was $0.7 million USD compared to net income of $1.8 million USD in 2013. The decrease in Net Income is primarily related to an increase in depreciation and amortization related to CAPEX and business acquisitions. Year to date EBITDA(i) was $2.1 million USD compared to $3.0 million USD in 2013, a decrease of 31%. The reduction in EBITDA is related to tighter margins in our core business, and start-up costs related to routedynamix.
Tellza completed Q3 2014 with $1.3 Million USD in cash and available borrowings of $5.0 Million.
"We are excited about our progress in 2014. We believe we have laid a solid foundation for 2015 and beyond," said Gary Clifford, Executive Chairman.
The Company's financial statements and other disclosures are available on SEDAR.
The Company's corporate profile is located at .
About Tellza
Tellza is a global communications company operating under several brands including Route Dynamix, Phonetime, Tel3, MatchCom and Tellza Technologies. Tellza is a public company listed on the Toronto Stock Exchange (TEL).
Caution Regarding Forward Looking Information:
This press release contains forward-looking statements, which may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. Tellza's actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time. See which contains all securities files.
(i) We define EBITDA and Cash Profits as earnings before taxes, depreciation and amortization, stock based compensation, and interest. EBITDA, which is a non-GAAP financial measure, it is a standard measure used in the telecommunications industry to assist in understanding and comparing operating results. EBITDA is reviewed regularly by management and our Board of Directors in assessing performance and in making decisions regarding the ongoing operations of the business and the ability to generate cash flows. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with IFRS. EBITDA is not a measure of financial performance nor does it have a standardized meaning under IFRS. In evaluating these measures, investors should consider that the methodology applied in calculating as such measures may differ among companies and analysts. Below is a reconciliation of "EBITDA" to net income for the periods presented:
Contacts:
Tellza Communications Inc.
Gary Clifford
Executive Chairman
+647 281 1831
Tellza Communications Inc.
Michael Vazquez
Chief Executive Officer
+954-608-5058
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Datum: 30.10.2014 - 21:30 Uhr
Sprache: Deutsch
News-ID 348545
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TORONTO, ONTARIO
Kategorie:
Telecommunication Services
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