re:VOIP companies, FCM/FNet (Franklin Telecom):
ragingbull.com
By: sdavidg
Reply To: 14552 by redRat Wednesday, 19 May 1999 at 6:00 AM EDT
Post # of 14672
The handwriting is on the wall!
Jan 99 - Franklin's DVG Named Product of the Year
Feb 99 - Franklin Telecom Helps Set Standard For Voice on the Internet
Mar 99 - Franklin Telecom Begins Trading on American Stock Exchange
Apr 99 - Franklin has designed, installed and manages, for a customer, the largest IP Telephone network in the world.
Apr 99 - Franklin Telecom Triples Revenues
Apr 99 - Franklin Tempest Expands to Europe
Apr 99 - Franklin Telecom Signs OEM Agreement with Vodavi
April 29th - Franklin in the Black!
Westlake Village, CA. April 29, 1999 - Franklin Telecom (AMEX: FCM) today filed its 10Q for the March 1999 quarter with the SEC. Sales for the quarter were $4,270,000. Net income was $382,000. Earnings per share were $.02.
These results show a 244% increase from the December quarter which reported $1.2 million in revenue. Furthermore, this is a 1,214% increase over the same quarter last year.
Franklin CFO Tom Russell said, "This quarter is a milestone in the Company's history. After a lengthy period of product development, the Company has turned this into a commercial success, with profitable results. Looking over the last five quarters, we have demonstrated a remarkable, consistent sales growth."
Frank Peters, Franklin's Chairman and CEO commented, "We are excited and gratified at this evidence of our continued growth. Going back one year, our revenues starting last March 1998 for each quarter were $325,000; $524,000; $933,000; 1,200,000. Now for the March 1999 quarter, our net income is greater than our total sales from the quarter a year ago. We're bucking the trend for Internet companies - we are making a profit!"
Dave G. |
