View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 31, 2009

Telanetix revenue up 14.4% in Q4

Posted a net loss of $6.88m

By CBR Staff Writer

Telanetix, a US-based IP communications company, has posted a net loss of $6.88m, or $0.22 per basic share, for the fourth quarter ended December 31, 2008, compared to a net loss of $1.23m, or $0.06 per basic share, in the same quarter of 2007.

The company posted total revenues of $8.47m for the fourth quarter of 2008, up 14.4% compared to $7.41m in the corresponding period of 2007.

Total revenues for the full year 2008 increased to $32.62m from $12.18m in 2007. The company posted a net loss of $9.68m, or $0.48 per basic share, for the year ended December 31, 2008, compared to a net loss of $10.63m, or $1.06 per basic share, for the year 2007.

Doug Johnson, CEO of Telanetix, said: During 2008, we successfully grew our award winning voice business, significantly reduced costs and transformed our capital structure during the challenging economic environment. Mid-year, we launched our Digital Phone Service (DPS) and quickly partnered with Costco Wholesale.

Combined with our debt restructuring, we believe we will improve our financial position in 2009. Furthermore in 2009, we expect to deliver double digit annual revenue growth, to continue to improve our gross margin and to benefit from first quarter 2009 cost reductions.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU