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MagicJack VocalTec revenues decline and miss

Published 11/09/2016, 05:55 PM
MagicJack VocalTec revenues decline and miss
CALL
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  • MagicJack VocalTec (CALL +4.3%) saw revenues decline and miss expectations in Q3 earnings, though the company saw low churn and pointed to traction in organic growth.
  • Adjusted EBITDA came to $7M, beating an expected $5.6M.
  • Revenue breakout: Device sales, $2.8M; Access rights renewals, $14.5M; Prepaid minute revenues, $1.4M; Access and wholesale charges, $1.2M; Broadsmart Global, $2.8M; Other, $1.9M.
  • The company activated 102,000 subscribers; at quarter's end, active MJ subscribers came to 2.21M (down from Q2's 2.27M). Average monthly churn was 2.4%, vs. Q2's 2.5%.
  • Press Release

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