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 have been successful in creating new revenue,” commented Tom Szabo, Telanetix chairman and CEO. “We continue to fortify our position in the industry with the introduction of key new video and voice product offerings that expand our range of available market, and we continue to focus on product and operational efficiencies to further enhance our gross profit margin.”
“2007 was a transformational year for Telanetix,” Rick Ono said, Telanetix COO. “The strong fourth quarter, with the integration of our voice and video businesses, drove our 2007 full year revenue to $12.2 million. Our significantly higher run rate enables us to operate on a much broader scale with the opportunity to enjoy accelerated growth.”
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