:: GoAmerica(R) Announces Fourth Quarter 2006 and Year End Results ::

GoAmerica(R) Announces Fourth Quarter 2006 and Year End Results: Financial News – Yahoo! Finance:

GoAmerica(R) Announces Fourth Quarter 2006 and Year End Results

HACKENSACK, N.J., March 29 /PRNewswire-FirstCall/ — GoAmerica, Inc. (Nasdaq: GOAM – News) today announced results for the fourth quarter and year ended December 31, 2006.

Total revenue for the three months ended December 31, 2006 was approximately $4.2 million, compared to total revenue in the previous quarter of approximately $4.6 million and total revenue of approximately $1.2 million in the fourth quarter of 2005. Annual revenues for 2006 were approximately $12.8 million compared with $4.9 million for 2005.

Annual revenue growth resulted from a combination of two factors: continued growth in the Company’s i711® relay and wireless divisions, and the Company’s mid-year certification by the Federal Communications Commission (FCC), which enabled GoAmerica to fully recognize revenues associated with its relay services.

Prior to becoming certified, GoAmerica recognized only a portion of the revenue it generated through its i711 relay service because it was submitting minutes for payment through its business partner, Nordia, Inc. Nordia, which is also a certified relay provider, would submit i711 relay service minutes to the Interstate Telecommunications Relay Service (TRS) Fund on GoAmerica’s behalf. Under this arrangement, Nordia received the reimbursement and paid GoAmerica its share of the revenue.

On a continuing operations basis, the Company posted a net profit for the fourth quarter of approximately $24,000, or $0.00 per diluted common share, compared with a net loss of $151,000, or $0.07 per diluted common share, during the previous quarter, and a net loss of $977,000, or $0.47 per diluted common share, during the fourth quarter of 2005. Also on a continuing operations basis, net loss for 2006 was approximately $1.4 million, or $0.65 per diluted common share, compared with a net loss of approximately $3.4 million or $1.61 per diluted common share in 2005. …”

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