Net2Phone hammered

Source: saunderslog.com

From CNET.Â. Ailing calling-card business hurts Net2Phone. The Internet telephone company’s first-quarter revenue drops partly because of its quicker-than-expected exit from an unprofitable calling-card business.

Not unexpected.  The tables belo. are created from their financials.  This one shows their mix from 2002 to 2003.  The calling card business cratered, true.  But so did the wholesale long distance and international long distance businesses.  Nothing about Net2Phone, despite their recent $65MM capital round, is healthy.

2003 2002
Calling Card 8.9 30.7
Product 0.6 3.4
Wholesale LD 36.1 41.7
International LD 45.6 62.1
Total 91.1 137.9

The most interesting thing is that these guys have never made a penny in their entire existance, yet they still get funded.  The tables below show that i. 2001 / 2002 they lost a staggering $612 million.  In 2003, they made $17 million, after a $58 million settlement with Cisco pushed them into the black.  Why do people keep throwing money at them. 

2001 2002 2003
Total revenue
Costs and expenses:
Direct cost of revenue (exclusive of items shown below. 
Selling, general and administrativ. 
Depreciation and amortizatio. 
Restructuring, severance, impairment and other item. 
Settlement of Cisco litigation .Â.Â.Â.Â.  58,034
Acquired in-process research and developmen. 
Non-cash compensatio. 
Total costs and expenses
Income (loss) from operations .Â.Â.Â.Â.Â.  240,210 .Â.Â.Â.Â.Â.  257,794
Interest income, ne. 
Income (loss) on equity investments and other expense, ne.  .Â.Â.Â.Â.Â.  146,973 .Â.Â.Â.Â.Â.Â.Â.Â.Â.  7,887
Income (loss) before minority interest.  .Â.Â.Â.Â.Â.  368,652 .Â.Â.Â.Â.Â.  261,519
Minority interest. 
Net income (loss.  .Â.Â.Â.Â.Â.  365,976 .Â.Â.Â.Â.Â.  245,928
Redeemable common stock accretio.  .Â.Â.Â.Â.Â.Â.Â.Â.Â.Â.Â.  532 .Â.Â.Â.Â.Â.Â.Â.Â.Â.Â.Â.  133
Net income (loss) available to common stockholder.  .Â.Â.Â.Â.Â.  366,508 .Â.Â.Â.Â.Â.  246,061
Published on December 10th, 2003 under ,

Similar posts:



Last 20 posts tagged "Phone"

Virtual Office Business Phone Service Now Part of Certified Solutions Showcase

Source: www.voip-news.com

-news.comThe Virtual Office Business Phone Service from 8×8, Inc. is now part of the Certified Solutions Showcase on the Intel Business Exchange.
“8×8 applauds Intel’s efforts to …

Published on December 17th, 2008 under , , , , , ,

Response Point Conference Phone Now Shipping

Source: www.voip-news.com

-news.comThe first conference phone for the Microsoft Response Point phone system has started shipping. MAX IP Response Point is a tabletop conference system from ClearOne Communications..
According…

Published on December 17th, 2008 under , ,

WiFi on iPhone + Truphone = Huge Savings When Roaming

Source: andyabramson.blogs.com

Ok, so to be upfront as always, we represent some of the cooler companies around. Boingo and Truphone leads that list, as both are at the forefront of technology and making things easier for…

Published on December 14th, 2008 under , , , , , , ,

Home Activation Comes to the iPhone (Again)

Source: andyabramson.blogs.com

If at first you don’t succeed, try, try again.
That seems to be the motto of AT&T when it comes to in home activation on the Apple iPhone. What a great idea, and very timely.
This means…

Published on December 12th, 2008 under , , ,

Windows Mobile Users Get Better Skype, Skype Lite Lands on Some Nokia E Series and N Series Phones

Source: andyabramson.blogs.com

Just read over on CNET (which of late has been very much a news junkies dream site) that Skype updated their Windows Mobile client. I have a Windows Mobile phone on Verizon and actually hav…

Published on December 10th, 2008 under , , , , , , , , , , , , ,

Facebook Phone Now Out In The UK

Source: andyabramson.blogs.com

The INQ-1 from the folks at Hutchison3G is now out and available. It combines social media, Skype and 3G connectivity with a GSM phone at very attractive prices, under 100 pounds…

Published on December 8th, 2008 under , ,

Bria Integrates Softphone with Outlook

Source: www.voip-news.com

-news.comCounterPath Corporation has launched Bria for Microsoft Outlook, a plug-in that allows users to integrate CounterPath’s softphone into the email program. It’s like one-stop shopping…

Published on December 5th, 2008 under , , ,

Some Say My Touch is Tru (Truphone that is)

Source: andyabramson.blogs.com

Yesterday Mike Butcher, TechCrunch UK broke the news about that works on the Apple iPod Touch, giving the Touch users around the world the ability to call one another. It can be found in t…

Published on December 4th, 2008 under , ,

Record And Sync via WiFi on iPod Touch and iPhone

Source: andyabramson.blogs.com

The more I use my iPhone as a "weekend" device, the more I am loving the capabilities that developers find they can muster from it.
Take the folks at Griffin who have come up with two…

Published on November 29th, 2008 under , , , , , , , ,

Ready to Move to an IP Phone System?

Source: www.voip-news.com

-news.comThinking of moving to an IP phone system? Change can be scary and worrisome, but you needn’t get all bothered. Regardless of why you might be considering the move, you can decid…

Published on November 29th, 2008 under , ,

Making Sense of Wideband Audio for Softphones

Source: andyabramson.blogs.com

GIPS CTO Roar Hagen has an informative and educational post about the difference in wideband audio that gets put inside softphones which appeared on their new blog that launched just a week ago…

Published on November 27th, 2008 under , , ,

Nimbuzz Hits iPhone Store

Source: www.voip-news.com

-news.comNimbuzz is now available in the Apple iPhone Store. The mobile Instant Messaging and VoIP provider application allows users to call, chat and message for free on nearly every major…

Published on November 27th, 2008 under , , ,

Nokia To Start Cell Phone Service In Japan

Source: andyabramson.blogs.com

Client Nokia is going to start their own cell phone service in Japan as an MVNO, largely to position and market their higher end phones reports Reuters.
Japan is known for being one of the most…

Published on November 23rd, 2008 under , , , ,

The Softphone Market

Source: andyabramson.blogs.com

Michael Graves has what he calls a rant on softphones. I call it a good recap on the state of the sector that is just begging for a winner.
While he omitted Gizmo5 from SipPhone, he sure gav…

Published on November 19th, 2008 under ,

Motorola WiFi Only Phones For Enterprise Based On Windows Mobile

Source: andyabramson.blogs.com

Motorola is clearly not just thinking about cellular phones these days. They’re busily moving into a full blown WiFi VoIP handset that works with a very robust server and lots of security…

Published on November 15th, 2008 under , , , , , ,

HTC WiMax Phone Comes to Russia

Source: andyabramson.blogs.com

Touting both GSM and WiMax for Mobile, HTC has launched a new phone in Russia that will provide up to ten megs of connectivity, plus be able to view 23 TV channels tat will be sent over the WiMax…

Published on November 15th, 2008 under , , , , ,

Who’s Tops in Phone Service?

Source: www.voip-news.com

-news.comKeynote Competitive Research just released its latest VoIP Service Provider Study. The study compared performance for AT&T’s landline service and six broadband VoIP providers,…

Published on November 13th, 2008 under ,

VOXOFON Available For Android Phones

Source: www.voip-news.com

-news.comUsers of the new T-Mobile G1 phone now have a VoIP option. VOXOFON is available on the Android platform through Android Market. According to VOXOFON, users who tried the application…

Published on November 11th, 2008 under , , ,

iPhone to Get 3G Tethering

Source: andyabramson.blogs.com

Apple and AT&T are working on a plan to tether the iPhone to your computer. All that means is the already stretched and overloaded AT&T 3G network will feel the strain, but at the sam…

Published on November 7th, 2008 under , , , ,

More Benefits To iPhone Users in USA

Source: andyabramson.blogs.com

AT&T is rolling out more benefits to Apple iPhone users all the time, as the war with T-Mobile and Verizon Wireless gets rolling with new devices (the Google Android G-1 and Blackberry Storm.)…

Published on October 30th, 2008 under , , , ,
Member of "Hype Media! Network"