deltathree (News - Alert), a provider of video and VoIP services, products, hosted solutions and infrastructures for service providers, resellers and direct consumers, reported total revenue of $3.5 million for the third quarter of 2012, marking the fifth consecutive quarter of its sequential revenue growth.
The company recorded $2.2 million in revenue for the third quarter of 2011, and this jump represents an increase of 59 percent year-over-year. The company attributes this increase in revenue to boost in sales from its reseller and direct-to-consumer segments.
The net operating income for the third quarter 2012 was $17,000, and this period was deltathree’s second sequential quarter of positive operating income.
“deltathree continues to focus its near-term strategy and market initiatives on growing the company's service provider and digital next generation communications offering while continuing to drive deltathree's core VoIP reseller and direct-to-consumer business groups,” said Effi Baruch (News - Alert), chief executive officer, president and senior vice president of operations and Technology of deltathree.
The GAAP net loss for the third quarter 2012 totaled $401,000, compared to a GAAP net loss for the third quarter of 2011 of $872,000. The third quarter 2012 non-GAAP adjusted EBITDA income was $105,000 compared to a non-GAAP adjusted EBITDA loss of $415,000 for the third quarter of 2011.
The company also signed an amendment to the Loan and Security Agreements with D4 Holdings, its majority stockholder.
“As we look ahead, the amendment to our loan and security agreements with our majority stockholder which we are announcing today provides additional flexibility and reflects the confidence it has in deltathree,” added Baruch.
deltathree serves customers through its service provider and reseller channel and its direct-to-consumer channel. It offers a full spectrum of private label IP-based digital voice and video products and services, as well as a back-office suite of services.
The company was in news earlier this year for releasing management's discussion and analysis of financial condition and results of operations.
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Edited by Rachel Ramsey