Tellza Announces 2016 Q2 Financial Results
Revenue for the First Half of 2016 Is US$202 Million, Up 58% Year Over Year
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 08/05/16 -- Tellza Communications Inc. (TSX: TEL) announced its unaudited financial results for the six months ended June 30, 2016.
2016 Highlights
Communications Business
Technology Business
Investment Business
Corporate
While we conduct our business primarily in USD and report our financial results in USD, our common shares are listed and trade on the Toronto Stock Exchange in CDN dollars. Expressed in CDN dollars, YTD EBITDA(i) was $2.0 million or $0.16/share and Net Income was $0.7 million or $0.06/share.
Tellza's communications business operates in the "nearly free" market for international communications. Our investment in systems and processes over the last few years has allowed us to remain profitable, while many of our competitors have commenced exiting the business. We believe that the "nearly free" communications market will remain strong and sizeable into the future.
"Tellza's strategy is to invest excess cash flows from its core business into new business activities and adjacent markets aimed at improving our cash flows and profitability, while continuing to acquire up to 5% annually of its outstanding common stock for cancellation when market conditions permit," said Gary Clifford, Executive Chairman, Tellza Communications Inc.
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 technology company operating primarily in the communication market. The business is organized into three business units: Tellza Communications, Tellza Technologies and Tellza Investments. Tellza Communications is a global communications company operating under several brands including Phonetime, and MatchCom. Tellza Technologies provides real-time big data management tools for the telecommunications market. Tellza Investments is focused on the financial products support business through our portfolio investments in Merkez and Rightway. 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:
Financial summary:
Contacts:
Tellza Communications Inc.
Gary Clifford
Executive Chairman
647 281 1831
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Datum: 05.08.2016 - 20:24 Uhr
Sprache: Deutsch
News-ID 487621
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Telecommunication Services
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