Telanetix, Inc. (TNXI.OB) Exceeds Revenue and Gross Profit Expectations for Fourth Quarter
Telanetix, Inc. (OTC BB: TNXI), an IP solutions provider of telepresence and VoIP services to the SMB and SME markets, announced late yesterday afternoon that it has surpassed its revenue and gross profit expectations for the fourth quarter of 2007. The company reported fourth quarter 2007 revenue of $7.4 million, which was better than its expectations of $7.1 million. Gross profit was 47.8%, exceeding the target of 41%. "We are very pleased to report the programs we engaged in the third quarter of 2007 including the acquisition of AccessLine have proven to be successful in marketplace traction, and our products…
