Mon, Aug. 10, 6:01 PM
- MagicJack VocalTec (NASDAQ:CALL) is up 11.7% in late trading after a Q2 report where non-GAAP EPS of $0.38 beat a consensus of $0.31, though revenues fell nearly 14% from 2014.
- Adjusted EBITDA of $10.1M beat an expected $7.4M.
- Revenue breakout: Access rights renewal, $16.5M; Device sales, $4.2M; Prepaid minutes, $2.1M; Access and wholesale, $1.3M; other, $1.1M.
- The company had about 2.62M active subscribers on June 30 after activating 150K subs. Average monthly churn fell to 2.8%.
- Free cash flow of $6.1M; cash and equivalents at quarter's end were $82.3M, against no debt.
- Press Release
Mon, Aug. 10, 5:40 PM
Mon, Aug. 10, 4:08 PM
Sun, Aug. 9, 5:35 PM| Sun, Aug. 9, 5:35 PM | 13 Comments
Thu, Jun. 18, 6:15 PM
- In one of a few moves in meeting today, the FCC voted to give voice over IP (VoIP) providers, like Vonage (NYSE:VG) or magicJack (NASDAQ:CALL), direct access to phone numbers from the numbering authorities.
- That's after 10 years of work on the issue, and after an FCC trial of direct access revealed no problems. The result is likely to be lower costs for companies and consumers in the interconnected system.
- Interconnected VoIP providers –- defined as those capable of placing and receiving calls to and from the traditional phone network -- currently must get numbers from third-party carriers," the agency said. "Allowing these providers to go directly to numbering administrators for phone numbers will benefit consumers by reducing costs and promoting additional competition from these innovative VoIP providers.
- Vonage said in a statement: "Our successful completion of the numbering trial in 2013 proved that Vonage can successfully provide service using telephone numbers we hold directly ... We will be able to provide a higher quality of service to our customers and more rapidly deploy new and innovative features and services, while realizing cost savings for the company."
Tue, May 12, 12:49 PM
Tue, May 12, 9:16 AM
Mon, May 11, 5:40 PM
Mon, May 11, 4:39 PM
- MagicJack VocalTec (NASDAQ:CALL) jumped 9% in after-hours trading after Q1 EPS of $0.31 beat expectations for $0.23.
- Revenues that declined 28% missed consensus expectations, however ($25.5M revenues vs. $26.2M expected). EBITDA was $8M vs. an expected $7M.
- Revenues from the sale of devices were $3.4M; access rights renewal revenues were $17.1M. Prepaid minute revenues were $2.2M; access and wholesale charges, $1.4M.
- The company reported 2.7M active subscribers at quarter's end, after activating 196K subscribers in Q1. Average monthly churn of 3.1%.
- Cash and equivalents increased to $82.9M against no debt; free cash flow stood at $7M in Q1.
- Conference call at 5 p.m. ET.
- Press Release
Mon, May 11, 4:08 PM
Sun, May 10, 5:35 PM
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Thu, Apr. 2, 3:20 PM
- The the Nasdaq is up only fractionally ahead of the long weekend, the ranks of major tech gainers have easily outnumbered the ranks of major decliners today.
- Today's notable gainers include Chinese online video site Youku (YOKU +4.5%), IP licensing firm VirnetX (VHC +6.7%), mobile payment-processing/telemetry services firm USA Technologies (USAT +5.8%), VoIP service provider magicJack (CALL +5%), LED/chip equipment firm Aixtron (AIXG +4.9%), Chinese jobs site 51job (JOBS +4.9%), grocery coupon site Coupons.com (COUP +4.5%), telecom services/analytics firm Neustar (NSR +3.2%), and LED/chip equipment vendors Veeco (VECO +2.7%) and Aixtron (AIXG +4.9%).
- Youku is bouncing after having sold off to new 52-week lows in the wake of its Q4 numbers and an SEC inquiry disclosure. magicJack is recovering some of the big March losses seen after the company posted mixed Q4 results. Neustar is now up 19% since confirming a major contract loss and announcing a $150M buyback a week ago.
- Previously covered: 500.com, AudioCodes, Renren, Expedia, Hutchison, ReneSola, Cheetah Mobile, Sungy Mobile, Yandex, Digital Ally
- Notable decliners: Motorola Solutions, NeoPhotonics, TrueCar, Carbonite, Elephant Talk
Tue, Mar. 17, 12:45 PM
Mon, Mar. 16, 5:41 PM
Mon, Mar. 16, 5:04 PM
- Cloud-based telecom MagicJack VocalTec (NASDAQ:CALL) is off 3.1% after hours as it posts a Q4 report where revenues missed expectations and fell almost by a third from the prior year.
- Adjusted EBITDA of $6.8M was up 66% and beat an expected $5.1M.
- "While our fourth quarter results were slightly lower than expected, the company more than doubled the number of active magicJackGO subscribers and generated solid adjusted EBITDA," said CEO Gerald Vento.
- Net revenues from device sales were $3M; access rights renewal revenues were $17.2M; prepaid minute revenues were $2.1M; access and wholesale charges, $2.1M.
- The company activated 169K subscribers in Q4; average monthly churn was 3.3%.
- The company announced a new $20M buyback program
- Conference call started getting under way at 5 p.m. ET.
- Press release
Mon, Mar. 16, 4:38 PM
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