Phonetime Announces Financial Results for 2011
Phonetime Reports Profit Net Income of $3.4 Million or $0.02 per share in 2011 compared to Net loss of $2.5 Million or ($0.02) per share in 2010
Phonetime Reports Preliminary Financial Results for 2011
Net Income is Expected to Be $3 Million in 2011 Compared to a Net Loss of $2 Million in 2010
Phonetime Earned $2.2 Million or $0.01 Per Share of Net Income in the Nine Months Ended September 30, 2011
AJAX, ONTARIO — (Marketwire) — 11/04/11 — Phonetime Inc. (TSX: PHD) announced that it earned $2.2 million of Net income or $0.01 per share for the nine months ended September 30, 2011.Revenue for the three months ended, September 30, 2011 was $30 million compared to $34 million in 2010. Gross margin was $2.2 million compared to $2.3 million in 2010. Operating expenses were $1.2 million compared to $1.3 million in 2010. Income before undernoted was $1 million compared to $1 million in 2010.
Phonetime Provides Update on Corporate Matters
AJAX, ONTARIO — (Marketwire) — 10/17/11 — Phonetime Inc. (TSX: PHD) provided an update on corporate matters.Refiling of interim Q2 – 2011 financial statements to more fully comply with IFRS — On October 17th, 2011, the Company filed amended Q2 – 2011 financial statements to more fully comply with disclosure requirements under IFRS by amending its statement of equity to include a subtotal as at June 30, 2010. The Company emphasized that the refiled statements and MD&A disclose no chang
Phonetime Provides Update on Corporate Matters
AJAX, ONTARIO — (Marketwire) — 10/04/11 — Phonetime Inc. (TSX: PHD) provided today an update on various corporate matters.Settlement of Lawsuit filed by Agent against Phonetime and Phonetime counter lawsuit — On October 3rd, 2011, the Company entered into a settlement agreement with a former Agent providing for the withdrawal of the Agent-s $1.7 Million lawsuit against Phonetime and a withdrawal by Phonetime of its counter lawsuit against the Agent. The settlement is not expected to have
Phonetime Earned $1.5 Million or $0.01 Share of Net Income in the First Half of 2011
AJAX, ONTARIO — (Marketwire) — 08/10/11 — Phonetime Inc. (TSX: PHD) announced that is earned $1.5 million of Net income or $0.01 per share in the half of 2011.Revenue for the three months ended, June 30, 2011 was $30 million compared to $34 million in 2010. Gross margin was $2 million compared to $2 million in 2010. Operating expenses were $1.3 million compared to 1.5 million in 2010. Income before undernoted was $0.5 million compared to $0.6 million in 2010. Corporate costs were $0.2 milli