233 0 Kommentare Tellza Announces Q3 Financial Results

TORONTO, ONTARIO--(Marketwired - Oct. 30, 2014) - Tellza Communications Inc. (TSX:TEL) announced its unaudited financial results for the nine months ended September 30, 2014.

Revenue was $196 Million USD compared to $112 Million USD in 2013, growth of 75%. Net Income was $0.7 million USD compared to net income of $1.8 million USD in 2013. The decrease in Net Income is primarily related to an increase in depreciation and amortization related to CAPEX and business acquisitions. Year to date EBITDA* was $2.1 million USD compared to $3.0 million USD in 2013, a decrease of 31%. The reduction in EBITDA is related to tighter margins in our core business, and start-up costs related to routedynamix.

Tellza completed Q3 2014 with $1.3 Million USD in cash and available borrowings of $5.0 Million.

"We are excited about our progress in 2014. We believe we have laid a solid foundation for 2015 and beyond," said Gary Clifford, Executive Chairman.

CONSOLIDATED STATEMENTS OF OPERATIONS
[amounts in thousands of U.S. dollars, except per share information]

For the three and nine months ended September 30,		2014	2013		2014	2013
		$	$		$	$
		(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)

Revenue		71,839	38,224		195,971	112,066
Cost of revenue		69,511	36,166		189,517	105,999
Gross margin		2,328	2,058		6,454	6,067

Operating expenses		1,746	1,108		4,399	3,021
Depreciation of property and equipment		75	32		222	94
Amortization of intangible assets		275	103		850	312
Stock-based compensation		3	13		9	39
Minority Interest		7	-		23	-
Interest and debt costs		-18	9		-18	25
Gain on retirement of debt		-	-		-	-
		2,088	1,265		5,485	3,491
Income before income taxes		240	793		969	2,576
Provision for (recovery of) income taxes
	Current	-	280		-	285
	Deferred	43	(60	)	278	510
		43	220		278	795
Net and comprehensive income for the period		197	573		691	1,781

Earnings per share
	- basic and diluted	0.00	0.00		0.00	0.01

Weighted-average number of common shares
	- basic and diluted	186,700,000	151,231,492		186,546,547	151,231,492

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.

* 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:

				YTD	Cumulative
	2011	2012	2013	2014 - Q3	2011 - 2014 Q3
	$	$	$	$	$
Net Income before taxes	2,802	2,321	3,236	969	9,328
Interest expense	338	160	33	-18	513
Stock based compensation	113	53	12	9	187
Amortization	1,056	850	556	850	3,312
Depreciation	517	120	127	222	986
Minority interest	-	-	-	23	23
Non-Recurring Gain	-	(260)	-	0	(260)
Non-Recurring Gain	(2,290)	(1)	-	0	(2,291)
	2,536	3,243	3,964	2,055	11,798