TORONTO, ONTARIO — (Marketwired) — 07/27/15 — Tellza Communications Inc. (TSX: TEL) announced its unaudited financial results for the three and six months ended June 30, 2015.
Revenue for the six months ended June 30, 2015 was USD$128 Million compared to USD$124 Million in 2014. EBITDA(i) for the six months was USD$1.3 million compared to USD$1.5 million for the same period in 2014. While we conduct our business primarily in USD, our stock trades in CDN dollars. After giving effect to the appreciation of the USD compared to the CDN dollar in 2015, EBITDA in CDN dollars is CDN$1.6 million for the first six months ended June 30, 2015 compared to CDN$1.6 million for the same period in 2014. The reduction in USD EBITDA is related to tighter margins in our core business, and start-up costs related to route dynamix.
Net Income for the six months ended June 30, 2015 was USD$0.1 million compared to net income of USD$0.5 million for the same period in 2014. The decrease in Net Income is primarily related to increase in non-cash depreciation and amortization in 2015 related to the 2014 acquisition of Matchcom, and to capital expenditures related to development of our communications network and related systems.
“We are continuing to execute on our business plan,” said Gary Clifford, Executive Chairman. Mr. Clifford also commented on developments in the Company–s Technology business: “We are starting to gain traction with our technology platform, which we recently made available to third party carriers, creating a new cashflow stream to Tellza.”
CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands of U.S. dollars, except per share information)
The Company–s financial statements and other disclosures are available on SEDAR.
The Company–s corporate profile is located at .
About Tellza
Tellza is Technology Company operating in the Communication market. The business is organized into three business units: Tellza Communications, Tellza Technologies and Tellza Investments. Tellza Communications is a global communications company operating under several brands: Route Dynamix, Phonetime, Tel3, and MatchcoM. Tellza Technologies provides real time big data management tools for the telecommunications market. Tellza Investments seeks portfolio investment opportunities in various market places. 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 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:
Contacts:
Tellza Communications Inc.
Gary Clifford
Executive Chairman
+647 281 1831
Tellza Communications Inc.
Michael Vazquez
Chief Executive Officer
+954-608-5058
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