MTON ( great run $41) twelfth consecutive quarter record revenue beats 2c
siliconinvestor.com
PORTLAND, Ore.--(BUSINESS WIRE)--April 24, 2001--Metro One Telecommunications, Inc. (Nasdaq: MTON - news), the leading provider of Enhanced Directory Assistance® and other enhanced telecom services, today reported financial results for the first quarter ended March 31, 2001.
Revenue for the first quarter of 2001 climbed to a record $50,216,000, up 69% from 2000 first quarter revenue of $29,711,000, and 5% above the previous record revenue of $47,728,000, generated in the fourth quarter of 2000. Net income for the first quarter was a record $5,003,000, or $0.33 per diluted share, compared with net income of $1,121,000, or $0.09 per diluted share, in the prior year's first quarter.
``This is the twelfth consecutive quarter we have produced record revenue,'' commented Timothy A. Timmins, president and chief executive officer of Metro One. ``This quarter, we continued to realize strong call volume growth while sustaining the gross margin improvements realized in the fourth quarter of 2000. In addition, we have a strong, improved balance sheet with no debt and sufficient cash to fund our short and intermediate term growth needs.''
Metro One will host a webcast conference call on Tuesday, April 24, 2001 at 2:00 p.m. Pacific Time to review first quarter 2001 results and provide guidance for the future. To access the webcast, go to Metro One's website at www.metro1.com. An archived webcast replay of the call will also be available at that website.
Metro One Telecommunications, Inc. is the leading developer and provider of Enhanced Directory Assistance and other enhanced telecom services. The Company operates a network of call centers located strategically throughout the U.S. Metro One handled approximately 99 million requests for information in the first quarter of 2001 and approximately 302 million requests for the entirety of 2000. Metro One has been included in Fortune's comprehensive annual list of America's 100 Fastest-Growing Companies and Forbes annual list of the 200 Best Small Companies in America. For more information, visit the Metro One Telecommunications web site at metro1.com. |
