FSNN - Here's the fact backing up what I believe. Q2

New Post Public Reply Private Reply Replies (0) Message Board
iftheresaway
FSNN - Here's the fact backing up what I believe. Q2 figures profit doubled based on the acquisition of NBS. Q3 will increase again which will deliver a higher pps and an eventual uplift. This stock now is all about getting in and exiting when you've made enough profit and if you can wait a couple of weeks I can't see anyone losing at these prices.

Fusion Improves Adjusted EBITDA 160% and Increases Second Quarter Revenue 39%

NEW YORK, NY, Aug 20, 2013 (Marketwired via COMTEX) -- Fusion Telecommunications International, Inc. (OTCQB: FSNN), a provider of cloud communications, cloud computing and managed cloud solutions ("Fusion"), today announced financial results for the second quarter and six months ended June 30, 2013.

Second Quarter Company Highlights

--  Achieved revenues of $14.2 million, an increase of $4.0 million, or
    39%, from the second quarter of 2012.
    --  Revenues from Fusion's higher margin Business Services Segment
        increased by $6.9 million to $7.5 million compared to the same
        period last year.
--  Gross profit increased 268% to $4.6 million compared to the second
    quarter of 2012.
--  Gross margin increased to 32.5% as compared to 12.3% for the second
    quarter of 2012.
--  Adjusted EBITDA was $0.5 million compared to an adjusted EBITDA loss
    of $0.9 million for the same period last year.
--  Adjusted EBITDA increased by more than 120% from the first quarter of
    2013.
--  Business Services Segment churn was 1.1%.
--  Business Services Segment ARPU reached $727.
--  Contracted value of new booked Business Services Segment orders was
    $2.6 million, a 58% increase compared to the same period last year.

"Fusion's adjusted EBITDA in the second quarter more than doubled from our milestone achievement of positive EBITDA in the first quarter of 2013, a clear indication of our continuing performance improvements and efforts to increase shareholder value," said Matthew Rosen, Fusion's Chief Executive Officer. "The successful integration of NBS products, platforms, people and systems in our Business Services division has contributed to substantial increases in consolidated revenue and gross profit, and positions us well for future acquisitions. Fusion's high ARPU and low attrition reflect our customers' confidence in Fusion's integrated portfolio of cost-effective cloud communications solutions and our unwavering commitment to service excellence. We remain committed to our strategic business model for strong financial gains and continued market expansion as we emerge as a leader in the growing cloud services industry."

Second Quarter Results

Fusion reported consolidated revenues of $14.2 million for the quarter ended June 30, 2013, an increase of $4.0 million, or 39%, from the second quarter of 2012. Revenues from Fusion's Business Services Segment increased by $6.9 million to $7.5 million in the second quarter of 2013 compared to the same period of a year ago, due to the inclusion of revenue contributed by NBS, which the Company acquired on October 29, 2012. The Company's Carrier Services revenue for the second quarter decreased by $2.9 million, or 30.0%, from the second quarter of 2012, due to a decrease in the volume of traffic terminated over its network, partially offset by higher realization rates.

The Company's consolidated gross margin increased to 32.5% for the second quarter of 2013, as compared to 12.3% for the second quarter of 2012, due to an increased contribution from the higher margin Business Services segment, which generated a gross margin of 51.1% in the second quarter of 2013, compared with a 35.2% gross margin in the same period of a year ago, due to the acquisition of NBS. The gross margin for the Carrier Services segment increased to 11.9% in the second quarter of 2013 from 10.9% in the same period of a year ago, mainly due to the insurance proceeds from our business insurance interruption claim related to Hurricane Sandy.

Net income for the second quarter was $1.7 million, or $0.01 per share, as compared to a net loss of $1.2 million, or ($0.01) per share in the same period of a year ago. The net income in the second quarter of 2013 includes a one-time non-cash gain on the extinguishment of a trade payable in the amount of $2.9 million, as well as interest on senior debt of $0.5 million and amortization of intangibles acquired in the NBS transaction of $0.6 million, with no comparable amounts present in 2012. Adjusted EBITDA (earnings (loss) from continuing operations before interest, taxes, depreciation, amortization, and specific non-recurring and non-cash adjustments) for the second quarter of 2013 was $0.5 million, as compared to an adjusted EBITDA loss of $0.9 million in the second quarter of 2012, with the improvement being attributable to the inclusion of NBS' results in the second quarter of 2013.

Six Months Results

Fusion reported consolidated revenues of $30.4 million for the six months ended June 30, 2013, an increase of $8.6 million, or 39.7%, from the six months ended June 30, 2012. Revenues from Fusion's Business Services Segment increased by $13.8 million to $15.0 million for the six months ended June 30, 2013 compared to the same period of a year ago, due to the inclusion of revenue contributed by NBS. The Company's Carrier Services revenue for the six months ended June 30, 2013 decreased by $5.1 million, or 25.0%, from the first six months of 2012, due to a decrease in the volume of traffic terminated.

The Company's consolidated gross margin increased to 29.7% in the six months ended June 30, 2013, as compared to 12.6% for the same period of 2012, due to an increased contribution from the higher margin Business Services segment, which generated a gross margin of 50.4% in the first six months of 2013, compared with a 36.4% gross margin in the same period of a year ago, due to the acquisition of NBS. The gross margin for the Carrier Services segment decreased to 9.8% for the six months ended June 30, 2013 from 11.3% in the same period of a year ago, mainly due to higher rates for the cost of traffic terminated.

Net income for the six months ended June 30, 2013 was $0.1 million, or $0.00 per share, as compared to a net loss of $2.0 million and ($0.01) per share in the same period of a year ago. The net loss in the first six months of 2013 includes the one-time $2.9 million non-cash gain and interest on senior debt of $0.9 million and amortization of intangibles acquired in the NBS transaction of $1.1 million, with no comparable amounts present in 2012. Adjusted EBITDA for the six months ended June 30, 2013 was $0.8 million, as compared to an adjusted EBITDA loss of $1.5 million in the same period of 2012, with the improvement being attributable to the inclusion of NBS' results in the first six months of 2013.

At June 30, 2013, the Company had a working capital deficit and stockholders' deficit of $5.5 million and $3.8 million, respectively, as compared to a working capital deficit of $8.0 million and $6.1 million, respectively, at December 31, 2012, and total assets of $27.3 million.

Use of Non-GAAP Financial Measurements:

The Company believes that EBITDA (earnings from continuing operations before interest, taxes, depreciation and amortization) is useful to investors because it is commonly used in the communications industry to evaluate companies on the basis of operating performance and leverage. The Company also believes that EBITDA provides investors with a measure of the Company's operational and financial progress that corresponds with the measurements used by management as a basis for allocating resources and making other operating decisions. Adjusted EBITDA provides an adjusted view of EBITDA that takes into account certain significant non-recurring transactions, if any, such as impairment losses and expenses associated with pending acquisitions, which vary significantly between periods and are not recurring in nature, as well as certain recurring non-cash charges such as stock-based compensation. Although the Company uses adjusted EBITDA as one of several financial measures to assess its operating performance, its use is limited as it excludes certain significant operating expenses. EBITDA and adjusted EBITDA are not intended to represent cash flows for the period presented, nor have they been presented as an alternative to operating income or as an indicator of operating performance and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). In accordance with SEC Regulation G, the non-GAAP measurements in this press release have been reconciled to the nearest GAAP measurement, which can be viewed under the heading "Reconciliation of Net Loss to EBITDA and Adjusted EBITDA", immediately following the Consolidated Balance Sheets included in this press release.

Fusion Connect, Inc. (FSNNQ) Stock Research Links

FSNNQ Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Consumer365 Lauds Happy Head's Custom Hair Treatments

Updated Category News Views 0

Revolutionizing Hair Loss Treatment The world of hair growth solutions is transforming right before our eyes. Thanks to the folks over at Happy Head and their customizable, dermatologist-prescribed treatments, the days of one-size-fits-all are ending. Consumer365 recently took a dive into Happy Head's model, giving their nod of approval to its personalized approach....

Continue Reading
Terrabis Revolutionizes Illinois with Dual-Window Dispensary

Updated Category News Views 2

Terrabis Unveils a Speedier Cannabis Experience What do you do when the world is demanding faster service? You innovate. That’s precisely what Terrabis has done by unveiling Illinois' first dual-window drive-thru dispensary in Grayville. Situated just off I-64, this facility isn't just offering a new way of doing things; it's setting the stage for what might very well...

Continue Reading
XCOTTON Shines at IFA 2026: The New Horizon of Commerce

Updated Category News Views 1

Shifting Gears at the Checkout Counter Let's face it, we've all been there: you click, you pay, and then you wait. But what happens next is where brands often drop the ball. Sure, e-commerce has been all about getting us to trust the 'buy' button. That's where folks like XCOTTON are stepping up to the plate, giving us something else to consider. They were loud and clear...

Continue Reading
Amwell Revolutionizes Digital Care Platforms in 2026

Updated Category News Views 3

Amwell's Bold Move in Virtual Care Funny how in today’s digital age, where everyone is glued to their screens, healthcare can still feel like trying to piece together a jigsaw puzzle with missing pieces. But Amwell seems to have cracked the code, redefining digital care delivery like few others. Just recently, they bagged Frost & Sullivan's 2026 United States Technology...

Continue Reading
Tuya Presents Doova: A Senior-Friendly AI Robot

Updated Category News Views 2

IFA Unveils a Game-Changer for Senior Living Imagine having a helper at home that not only looks out for your safety but also keeps you company. That's exactly what Tuya Smart's new AI creation, Doova, is set to do. Unveiled at the IFA 2026, Doova isn't just another gadget—it’s a big leap for folks choosing to live out their golden years independently. Navigating...

Continue Reading
CHiQ Secures AI Award, Elevates Smart Home Living

Updated Category News Views 1

CHiQ's Big Win in the AI Game In a world where technology rarely stops spinning, CHiQ has carved its own commendable niche. Snagging the AI Home Ecosystem Brand Award at IFA 2026 in Berlin, the brand's knack for pioneering AI tech isn't just a footnote—it's the whole story. The award—enough to make your competitors green with envy—highlights how far they've come in...

Continue Reading
MMRO Achieves URAC AI Accreditation, Ensures Compliance

Updated Category News Views 4

A Milestone in Healthcare AI: MMRO's New Accreditation When AI in healthcare gets an official nod from the big guys like URAC, it's a significant moment. We're talking about Managed Medical Review Organization, Inc. (MMRO), a firm that's just earned the URAC Artificial Intelligence in Health Care Accreditation. Now, this isn't just some rubber stamp; it's a testament to...

Continue Reading
Labcorp Faces Lawsuit: Wiretapping Accusations Surface

Updated Category News Views 2

Labcorp's Legal Tangle Unveiled One minute you're on Labcorp's website searching for medical info, the next you're caught up in a class-action legal whirlwind. Legal drama is not on any patient’s checklist, but here we are, with Labcorp knee-deep in some serious allegations. The crux of the matter points to alleged wiretapping violations, with claims that Labcorp,...

Continue Reading
Timekettle's W4 Plus Earbuds Elevate AI Translation

Updated Category News Views 6

Timekettle's Move to Reinvent Global Communication This week at IFA 2026 in Berlin, Timekettle cracked open a new chapter in language translation. These W4 Plus earbuds might just turn your world into a linguist's playground. With offerings like Babel OS 3.0 and their fancy AI-powered tools, they're aiming to snuff out the headaches of multilingual conversations and...

Continue Reading
CHiQ's AI Blitz: Local Touch Amplifies Global Reach

Updated Category News Views 4

A New Era for Home Appliances You ever walk into your kitchen and wonder why your fridge can't just figure out how you like your veggies sorted? Well, as of September 4, 2026, CHiQ, this somewhat maverick in consumer electronics, showed up at the IFA in Berlin with a new arsenal of AI-infused gadgets. Don't yawn just yet—these gizmos aren't just about cramming in tech...

Continue Reading

Top 5 Most Recently Viewed Articles

Manpower Inc. Faces Adjustments in Price Targets Amid Challenges

Updated Category News Views 43

Market Outlook for Manpower Inc. Manpower Inc. (NYSE: MAN) is navigating through fluctuating market conditions as Jefferies recently revised its price target from $70.00 down to $65.00, while continuing to uphold a Hold rating. This shift reflects the company's performance that slightly exceeded revenue consensus estimates. Financial Performance in Q3 The financials for...

Continue Reading
Vail Resorts Sees Promising Visitor Surge This Holiday Season

Updated Category News Views 72

Vail Resorts Anticipates Strong Visitor Turnout Vail Resorts Inc. (NYSE: MTN) is gearing up for a potentially record-breaking holiday season, with early season snowfall up an impressive 50% compared to the previous year. Positive weather patterns have significantly enhanced expectations for visitor numbers during this bustling time of year, according to insights from...

Continue Reading
Investigation Alert for Zeta Global Holdings Corp. Investors

Updated Category News Views 84

Investigation Alert for Zeta Global Holdings Corp. Investors The law firm Kessler Topaz Meltzer & Check, LLP is currently engaged in an investigation concerning possible violations of federal securities laws for investors of Zeta Global Holdings Corp. (NYSE: ZETA). This thorough inquiry comes following serious allegations of deceptive practices related to data collection...

Continue Reading
GE HealthCare's AI Innovations Enhance Healthcare Solutions

Updated Category News Views 176

GE HealthCare Unveils New AI Innovation Lab to Transform Healthcare GE HealthCare has initiated an exciting new venture with the launch of its AI Innovation Lab. This lab is a pivotal part of the organization's strategy to harness artificial intelligence in redefining how healthcare is delivered. With a commitment to establishing AI-driven solutions for better patient...

Continue Reading
Alumasc Group's Upcoming Half-Year Financial Update Insights

Updated Category News Views 76

Alumasc Group's Upcoming Half-Year Financial Update Alumasc Group PLC is gearing up to unveil its financial results for the first half of the fiscal year, concluding on December 31, 2024. This much-anticipated announcement is scheduled for February 4, 2025, and will provide stakeholders with key insights into the company's performance. Presentation Details for Analysts...

Continue Reading