Voiceserve, a next-generation Internet Telephony software and service provider, has launched cloud-based VoIP PBX (News - Alert) product for consumers and small businesses through its CalltoPBX.com website.
The company also reported financial results for its third quarter and nine month period ended December 31, 2011.
Officials with Voiceserve said that during the third quarter of the company's 2012 fiscal year, the company perfected its VoIP video-on-demand capability and won the Internet Telephony 2011 IPTV (News - Alert) Excellence Award for its VOD platform.
Importantly, the third quarter 2012 marked record revenues and crossover into profitability for the Company.
According to company officials, the company generated revenues of $1.4 million during its fiscal third quarter ended December 31, 2011, an increase of 9 percent compared to the previous fiscal year third quarter and an increase of 37 percent over the current fiscal year second quarter.
The company generated operating earnings during its fiscal third quarter of $20,264 which includes non-cash amortization and depreciation of $173,216.
"Our Voipswitch software sales into the wholesale/retail markets continue to be steady, despite the global economic slowdown. In addition recurring revenue generated from our traditional one-time, software sales to VoIP operators purchasing our turnkey software is growing,” said Michael Bibelman, CEO, Voiceserve, in a statement.
“Just six months ago, our hosted solution, which offers operators an option to pay for our software on a monthly basis rather than an upfront one-time fee, stood at approximately $12,000 per month. Today, that revenue source has grown to approximately $55,000 per month and is expected to continue its growth pace in the foreseeable future,” said Bibelman.
“Our enterprise commercial initiative, while taking longer than originally anticipated, appears to be close. During the quarter, we witnessed early revenue contribution of this initiative," said Bibelman.
He said that the company is seeing solid evidence that the wireless age has arrived and is embracing VoIP, with all its services offerings, at a feverish pace.
“Now that we have launched - for the first time - a direct to consumer mobile VoIP initiative complete with video conferencing and Video on Demand capabilities in one turnkey, most cost effective, simple to deploy solution, telecom industry leaders are seeking us out. While third quarter produced a positive move forward in our revenues, I expect the final fiscal quarter will witness material sequential growth," he said.
Net earnings of the company for the current fiscal year third quarter was $179,599, which included a stock warrant revaluation credit of $167,989. This compares to a net loss of $(45,407), inclusive of a stock warrant revaluation credit of $116,196 in the previous fiscal year third quarter and a net loss of $(36,167) in the second quarter of the current fiscal year, which included a stock warrant revaluation credit of $243,143.
Revenue for the first nine months of fiscal 2012 was $3.6 million, a 6 percent increase over the same period of the previous fiscal year. Anil Sharma is a contributing editor for TMCnet. To read more of his articles, please visit his columnist page.
Edited by Juliana Kenny