Telanetix, a leading cloud-based communications provider, today reported preliminary financial results for its 2011 fourth quarter ended December 31, 2011.
The company reported a 20.7 percent increase in fourth-quarter 2011 core voice revenue at $6.6 million compared to $5.5 million reported in the fourth quarter of 2010.
Fourth-quarter 2011 total revenue increased 12 percent to $7.5 million as compared to fourth-quarter 2010 revenue of $6.7 million.
Telanetix narrowed its quarterly net loss by 62 percent to $0.6 million for the fourth quarter of 2011, as compared to a net loss of $1.6 million in the fourth quarter of 2010.
Adjusted EBITDA increased to a record $1.2 million, up 126 percent from $536,000 in the fourth quarter of 2010. This marks the company's ninth consecutive quarter of positive adjusted EBITDA.
"These are exciting times for Telanetix as we continue to make significant progress with our business," Doug Johnson, Telanetix' CEO stated in the press release. "Our core customer acquisition rates have steadily increased to the highest levels in our history, while our revenue growth rate is continuing to improve. We are pleased that we have shown consistent growth, while also posting record performance in adjusted EBITDA. The company is executing well and we are focused on accelerating sales and growing our market share."
Johnson concluded by noting the company's favorable outlook for 2012.
"Our value proposition as a cloud-based, hosted voice solution resonates well with customers, as we deliver superior capabilities and performance at approximately 50 percent of the cost of traditional business voice solutions. As we look ahead to 2012, we are optimistic about our long term growth prospects and cash generation capabilities," Johnson stated.
Telanetix plans to report its final financial fourth-quarter results in March 2012.
For more information visit telanetix.com
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