Welcome!

News Feed Item

Tellza Announces 2014 Q1 Financial Results

Revenue climbs to $51M USD in Q1-2014 up 51% from Q1-2013

TORONTO, ONTARIO -- (Marketwired) -- 05/06/14 -- Tellza Communications Inc. (TSX:TEL) announced its unaudited financial results for the three months ended March 31, 2014.

Revenue was US$51.4 Million compared to US$34.0 Million in 2013, a growth of 51%. Net Income was US$0.3 million compared to net income of US$0.4 million in 2013. EBITDA(i) in Q1 2014 was US$0.8 million compared to US$0.7 million in 2013, an increase of 14%.

Tellza completed Q1 - 2014 with US$2.2 Million in cash and an undrawn credit facility of US$3.5 Million. Since 2011, Tellza has generated US$10.5 Million in Cash Profits(i) that have been utilized as set out in the below table:

To view 'Cumulative Cash Profits since 2011 $10.5M US', please visit the following link: http://media3.marketwire.com/docs/tell05061.jpg

To view 'Financial Metrics (USD '000's)', please visit the following link: http://media3.marketwire.com/docs/tell05062.jpg


                    CONSOLIDATED STATEMENTS OF OPERATIONS                   
    (amounts in thousands of U.S. dollars, except per share information)    
For the period ended March 31                           2014            2013
                                                           $               $
                                             -------------------------------
                                                 (Unaudited)     (Unaudited)
                                                                            
Revenue                                               51,366          34,050
Cost of revenue                                       49,276          32,430
                                             -------------------------------
Gross margin                                           2,090           1,620
                                             -------------------------------
                                                                            
Operating expenses                                     1,290             875
Depreciation of property and equipment                    74              31
Amortization of intangible assets                        295             107
Stock-based compensation                                   3              13
Interest and debt costs                                   18              12
                                             -------------------------------
                                                       1,680           1,038
                                             -------------------------------
Income before income taxes                               410             582
                                             -------------------------------
Provision for (recovery of) income taxes                                    
  Current                                                  -               -
  Deferred                                               120             179
                                             -------------------------------
                                                         120             179
                                             -------------------------------
Net and comprehensive income for the year                290             403
                                             -------------------------------
                                             -------------------------------
                                                                            
Earnings per share                                                          
  - basic and diluted                                      -               -
                                             -------------------------------
                                             -------------------------------
                                                                            
Weighted-average number of common shares                                    
  - basic and diluted                            183,631,945     151,231,492
                                             -------------------------------
                                             -------------------------------

"2014 is showing a continuation of the success achieved in 2013. In Q1-2014 we also completed the acquisition of MatchCom Communications, LLC", said Gary Clifford, Executive Chairman. "We are excited about our growth prospects in the coming years as we look to consolidate traffic in the Carrier Services Market."

The Company's financial statements and other disclosures are available on SEDAR.

The Company's corporate profile is located at www.tellza/investors.

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 www.sedar.com 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:


                                                                  Cumulative
                                                         2014 -  2011 - 2014
EBITDA Reconciliation              2011    2012    2013      Q1           Q1
                               -------- ------- ------- ======= ============
                                                                            
                                      $       $       $       $            $
Net Income before tax             2,802   2,321   3,236     410        8,769
Interest and debt costs             338     160      33      18          549
Stock-based compensation            113      53      12       3          181
Amortization of intangible                                                  
 assets                           1,056     850     556     295        2,757
Depreciation of property and                                                
 equipment                          517     120     127      74          838
Gain on retirement of debt            -   (260)       -       0        (260)
Mark to fair value of common                                                
 share warrants                 (2,290)     (1)       -       0      (2,291)
                               ---------------------------------------------
EBITDA (Cash Profits)             2,536   3,243   3,964     800       10,543
                               ---------------------------------------------
                               ---------------------------------------------

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of pati...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.