Preliminary announcements of earnings reports have driven Telanetix Inc. (OTCBB: TNXI) share prices up today. The leading technology company has increased its share price 20 cents, or 5 percent, to $3.97 on a volume of 45,110 as of 10:20 am CDT.
These results are giving management a better sense of what is to come when the final report is released on August 14, 2007. The company predicted in the first quarter that revenues were expected to be between $1.7 and $2.1 million in the second quarter. The revenues for the six-month period ending June 30 are believed to be near $2.507 million, which includes second quarter revenue of $2.045 million that lies in the expected target range from the first quarter.
The increase in revenue is a 343 percent gain over the first quarter, and has helped the company achieve potential gross profits of $858,000. This is the second quarter in a row in which the company has made vast improvements in revenues. In the first quarter, the company produced revenues of $462,000, which is an increase of 1581 percent.
Although the final results will be released next week, this is a great sign of growth and profitability for Telanetix. When the results are released, investors will have the chance to join Telanetix CEO Thomas Szabo and COO Richard Ono on a conference call to discuss the results of the results.
Telanetix claims that their video conferencing technology is so advanced – and the projections so lifelike – that people using the technology may actually feel as if the other persons are in the room with them. The company provides a fully integrated system of hardware, software and services to electronically merge multiple remote rooms into a single environment.
The foundation of the technology, Digital Presence, facilitates reliable, lifelike video conferencing that involve a tightly integrated combination of video Coder/Decoder (Codec), bandwidth and design. Digital Presence smoothly delivers interaction between life-sized images of people and their environment.
Bringing lifelike video conferencing to the business world enables teams to collaborate more efficiently and effectively. With no delay or lag in the conference, thoughts and ideas get expressed more transparently and understandably for coworkers to interpret . Telanetix is on the forefront of video conferencing that is not only bring people more closely together, but allowing businesses and teams to be more productive from across the nation.
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