"FUSION AWARDED A 2014 COMMUNICATIONS SOLUTIONS PRODUCT OF THE YEAR AWARD"
Now I understand the this headline "Fusion Increases First Quarter Revenue by 42%
Adjusted EBITDA Increases 12-Fold Year-to-Year" FSNN has THE product in this space. That must help fuel these numbers to date. I can't wait for the next Quarter ! FusionconnectSM .
First Quarter Highlights
Increased revenues for the first quarter ended March 31, 2014 by approximately 42% compared to the first quarter of 2013; revenues increased $6.7 million, from $16.2 million to $22.9 million
Reported an operating profit and improved adjusted EBITDA by $2.8 million; generated $3.1 million in adjusted EBITDA in the quarter ended March 31, 2014, compared to $236,000 for the quarter ended March 31, 2013
Consolidated gross margin increased to 46.6% for the first quarter of 2014 from 27.3% for the first quarter of 2013
Gross margin for the Business Services segment increased to 62.5% compared to 49.6% in 2013
Ended the quarter with approximately 11,300 customers and ARPU of $463; churn was 1.0%
Ended the quarter with approximately $8.4 million in cash
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