The company has posted revenues of $25.96 million for the third quarter of 2008, compared to revenues of $12.15 million in the same period of 2007. EBITDA for the third quarter of 2008 increased to $3.21 million from $1.18 million in the corresponding period of 2007.
The company reported a net loss of $244,589, or $0.01 per basic share, for the first nine months of 2008, compared to a net income of $1.42 million, or $0.12 per basic share, for the corresponding period of 2007. Revenues for the first nine months of 2008 increased to $67.6 million, from $35.29 million in the comparable period of 2007.
Guy Nissenson, president and CEO Xfone, said: Our Levelland fiber-to-the-premise (FTTP) buildout is progressing well, and we recently announced the beginning of the project’s final phase of construction. We expect to complete phase two, connecting fiber from the center of Lubbock to the intercity fiber route by the end of November 2008. FTTP revenues grew 5% during the quarter ended September 30, 2008 compared to the previous quarter.
