Farmstead Telephone Group, Inc. Reports Third Quarter 2005 Operating Results
2005年11月15日 - 5:50AM
PRニュース・ワイアー (英語)
EAST HARTFORD, Conn., Nov. 14 /PRNewswire-FirstCall/ -- Farmstead
Telephone Group, Inc. (AMEX:FTG) announced operating results for
the third quarter ended September 30, 2005. For the quarter ended
September 30, 2005, revenues were $4,807,000, a 44 percent increase
over reported revenues of $3,338,000 for Q3 2004. The Company
reported a net loss for the quarter of $704,000, or $(0.20) per
share, compared with a net loss of $175,000 or $(0.05) per share,
in 2004. The net loss for the 2005 quarter included $243,000 of
expenses incurred in the continuing build out of the Company's IP
telephony business through its wholly-owned subsidiary, One IP
Voice. The Company attributed its Q3 2005 improved revenue results
to increased market penetration for its systems- related products
and services, and a larger sales force as a result of its first
quarter national launch of its Small to Medium Business (SMB)
group, which is targeting businesses with under 200 employees.
Jean-Marc Stiegemeier, Farmstead's Chairman and CEO commented, "The
third quarter represented a period of significant progress for
Farmstead Telephone Group. The continued growth in Farmstead's core
business, evidenced by its 44% quarter over quarter revenue growth,
and the achievement of Platinum status with Avaya, has set our
expectations for a near-term return to profitability in our core
business telecommunications equipment segment. The build out of One
IP Voice's (OIPV) infrastructure and products is progressing as
planned, and we are on target for a full national deployment of its
IP telephony solutions to the Small to Medium Business (SMB)
customer in January. As we continue to deploy the OIPV platform
across the country, we will continue to invest both in physical and
intellectual assets to meet our 2006 plan. It continues to be
OIPV's goal to become the most recognized Hosted IP telephony
solutions provider to the SMB marketplace. I am grateful to all of
our employees, and strategic partners, for their contributions to
this effort. I also wish to thank all of our stockholders for their
continued support, as we transition Farmstead into the future."
About One IP Voice One IP Voice, a wholly owned subsidiary of
Farmstead Telephone Group, provides carrier-based Hosted IP
Telephony solutions along with Network Services. The primary target
of the One IP Voice offering will be to the Small to Medium
Businesses (SMB) market for the under 200-employee businesses. The
facilities-based One IP Voice offering will include Hosted IP
Centrex and IP Trunking services, bundled with private One IP Voice
"Last Mile" connectivity on a national basis, long distance
calling, On Net calling, local area calling, 911 capabilities and
Wide Area Network (WAN) voice and data connectivity. One IP Voice
will also offer a consumer VoIP product. About Farmstead Telephone
Group, Inc. Farmstead Telephone Group, Inc. is an Avaya Inc.
Platinum Business Partner, selling, installing and maintaining
Avaya business communications products nationwide. Further
information about Farmstead Telephone may be found at
http://www.farmstead.com/. Farmstead Telephone Group Financial
Highlights Quarter ended Nine months ended September 30, September
30, 2005 2004 2005 2004 Revenues $ 4,807,000 $ 3,338,000 $
11,699,000 $ 9,633,000 Net Loss $(704,000) $(175,000) $(1,816,000)
$(930,000) Basic and Diluted Net Loss Per Share $(0.20) $(0.05)
$(0.53) $(0.28) Weighted Average Shares Outstanding 3,511,000
3,317,000 3,398,000 3,315,000 We are interested in your feedback
and comments. To respond to questions from our management team,
click here:
http://www.b2i.us/sendFeedBack.asp?B=1042&RL=7853&S=12204
To add yourself to our email distribution list, click here:
http://www.b2i.us/frame.asp?BzID=1042&to=ea&Nav=1&S=0&L=1
Investor Contact: Alex Lewis or Dave Gentry Aurelius Consulting
Group 407-644-4256 http://www.runonideas.com/ Robert G. LaVigne,
CFO Farmstead Telephone Group, Inc. Voice: 860-610-6002 Fax:
860-610-6001 This release contains forward-looking statements that
involve risks and uncertainties. In addition to historical
information, investors should consider carefully the risks
associated with an investment in the Company's securities as
previously outlined by the Company in its prior filings with the
Securities and Exchange Commission. DATASOURCE: Farmstead Telephone
Group, Inc. CONTACT: Alex Lewis or Dave Gentry both of Aurelius
Consulting Group, +1-407-644-4256, ; or Robert G. LaVigne, CFO of
Farmstead Telephone Group, Inc., +1-860-610-6002 Web site:
http://www.farmstead.com/
Copyright
Farmstead (AMEX:FTG)
過去 株価チャート
から 5 2024 まで 6 2024
Farmstead (AMEX:FTG)
過去 株価チャート
から 6 2023 まで 6 2024