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NTS float gone imo..just the beginning ;)
patience and you will sell $1 +
this one is ready to run
You saw the buying today right? won't be hard to test the 200MA
Good. Hope you're right.
short term: I think we test the 200MA
Projections on tomorrow? I'm almost breakeven!!
"At some point (today)" is the response from TD that I've received.
WE ARE GOOD TO GO!! Yesterday was a great day for this stock. Friday should hopefully bring some good numbers too. Let's end the week strong!
Hey anything from TD im still showing old symbol
I sent in a request to ihub admin. The board name and ticker should change soon.
Symble just changed in my scottrade acct.
Yes, it is nice to see!! I can only see it going up at this point... but want to make sure all ducks are in a row for when I hit my price point.
I put in an email to TD. Will let you know what I hear back.
LOL, my guess is tomorrow. Nice to see it up today though!
Thanks. Now does anyone know how long it will take to see the name change in my account? It'll put my paranoia to rest lol.
Yes, it's NTS.
Have heard it explained as potentially the means of a savvy buyer to see if there are interested selling parties watching closely and if so to entice them into a sell by playing their emotions(bid moving close to and out of, then back close to trading range).
Great news for XFN...err NTS.
the name change is a reflection of the Company's refined and enhanced business strategy which began with its acquisition of NTS Communications in 2008 and is focused on the build out of its high-speed, fiber to the premise ("FTTP") network.
It is obviously a growing business and the name change is to reflect their ever expanding FTTP network. This is very positive news.
XFN - Profitable, in growing market, projected 30% increase in revenue, government backed, insider buying, low float....PLEASE PLEASE somebody tell me another stock like this that is trading in the .40's...This is going to run big. The people willing to hold for a while will be there for the huge run that is imminent.
Is this POS going to benefit from AAPL earnings?
agree XFN will explode soon!!!
nothing but great news here...its gonna have big run days like in november...
better be in...
I believe today we fill the gap so then we can move forward easier. Last two days volume have been great. The interest is there. It seem like XFN will move when his other brother FTWR move.
Then just out of my curiosity, are we not seeing the pps move at all because of lack of hype? I believe this stock is way undervalued at this point and realitically we should see a price over $1. And yet here we are stuck at near the low. Any thoughts from anyone?
Projected future revenue after Fiber network build out is completed:
From the PR today we know that the company have 7,267 FTTP costumers with revenue of $3.63 million for the three months ended December 31, 2011. If we assume the company have 7,267 FFTP costumers all year round then, the yearly revenue from FTTP costumers only should be 4*$3.63M = $14.52M per year.
The PR also stated that "Xfone’s ongoing fiber build out, when completed, is expected to reach 19 new communities bringing the total FTTP passings to approximately 50,000." Assuming the revenue per costumer stay constant, the company should have a projected future revenue as such;
(50,000/7,267)*$14.52M = $99.90M per year
Although this is revenue and not earning, that is a huge amount for a company with 41M O/S!!!
haha... the worst part about it... is the thing should have closed it an hour ago but it stopped at .44!
I do too, I have two stocks that gapped up today. Its exciting at first then you relize that its probably coming down later. And hopefully back up:)
gaps are so annoying...
Trying to close the gap from the open, almost there. (.43)
LET IT RIDE THIS MORNING!!! This is what we have been waiting all quarter for!!!!
BIG PR OUT! PLEASE STICKY!
XFONE Expects 30% Increase in Fourth Quarter Fiber Revenues
Press Release: XFONE, Inc. – 10 minutes ago
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Companies:
Xfone, Inc.XFONE
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XFN 0.39 +0.00
LUBBOCK, Texas--(BUSINESS WIRE)-- XFONE, Inc. (NYSE Amex and TASE: XFN) (“XFONE” or “the Company”) announced preliminary, unaudited sales results from its Fiber-To-The-Premise (FTTP) business for the fourth quarter ended December 31, 2011.
Xfone anticipates reporting FTTP revenue of approximately $3.63 million for the three months ended December 31, 2011; a 30% increase compared to the three months ended December 31, 2010.
The company’s total number of FTTP customers as of December 31, 2011 was 7,267 compared to 5,777 FTTP customers as of December 31, 2010 with sequential growth of 10% from 6,620 FTTP customers as of September 30, 2011.
Xfone plans to release a full report of fourth quarter and year end results during March 2012.
Mr. Guy Nissenson, Xfone’s President and CEO, commented, “The build out of our high margin fiber network has progressed on time, below budget and with consistently solid acceptance rates as we enter new markets. During the past 6 months we’ve established our FTTP network in Littlefield, Burkburnett, Brownfield and Whitharral, Texas providing customers in those communities access to voice, video and internet services using high speed broadband. As we move forward with the fiber rollout, revenues from our FTTP business are contributing a larger percentage to overall revenues, at a higher margin than our legacy business. I look forward to providing our shareholders with a full report on our fourth quarter and year end results in March.”
Xfone’s ongoing fiber build out, when completed, is expected to reach 19 new communities bringing the total FTTP passings to approximately 50,000. The Company is funding the expansion of the fiber network using approximately $100 million in federal stimulus funding.
About XFONE, Inc.
Xfone is a provider of high speed broadband services, including Internet access, digital cable TV programming and local and long distance telephone service to residential and business customers in northern Texas and southeastern Louisiana. Xfone's Fiber-To-The-Premise (FTTP) network provides one of the fastest internet connections available. The Company currently has operations in Texas, Mississippi and Louisiana and also serves customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma. For the company's website, please visit: www.xfone.com.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate" "estimate," "project," or similar expressions are intended to identify "forward-looking statements." XFONE's financial and operational results reflected above should not be construed by any means as representative of the current or future value of its common stock. All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.
http://finance.yahoo.com/news/XFONE-Expects-30-Increase-bw-3835388944.html?x=0
I like both the fundamentals and technicals here.
My buy orders are already preset. I will be a shareholder
on Tuesday and I will be accumulating.
Plus insider buying. Good luck
$XFN chart looking good for a nice reversal!
On my watch list and will likely start accumulating on Tuesday! Financials and pending acquisitions make this
a nice investment at these levels!
XFN chart back to where I like it. MACD bullish cross. $ 0.39 Lets rock .
nice find bro. Just a matter of time for XFN
More insider buying President and CEO!
it's a small amount but still shows confidence in XFN
http://ih.advfn.com/p.php?pid=nmona&article=50601995
Exactly! The share price closed at 40 cents, which is up 21% from the low of the day. I fully expect this stock to be over $1 within 6 months.
Mike
Great comeback for XFN showing the potential for greatness.
If AS are used it could be for an acquisition that will benefit the company and the shareholders, which is why it was approved by the shareholders.
Insiders own a large stake of this company and for a reason. Happy new year to all and good luck to all.
Ray
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XFONE, Inc. is a growing telecommunications publicly traded company (NYSE Alternext (formerly AMEX) and TASE: XFN). The company has operations in the United States offering a wide range of services, which include: local, long distance and international telephony services; prepaid and postpaid calling cards; Internet services; messaging services (Email/Fax Broadcast, Email2Fax and Cyber-Number); and reselling opportunities.
Its operating division, NTS Communications (a wholly-owned subsidiary of Xfone, Inc.) is a facilities-based Fiber-to-the-premise "Triple Play" carrier with operations in the Southwest and Gulf Coast region of the United States. NTS provides local, broadband, video, long distance and international telephony services. Xfone is a provider of high speed broadband services, including Internet access, digital cable TV programming and local and long distance telephone service to residential and business customers in northern Texas and southeastern Louisiana. Xfone's Fiber-To-The-Premise (FTTP) network provides one of the fastest internet connections available. The Company currently has operations in Texas, Mississippi and Louisiana and also serves customers in Arizona, Colorado, Kansas, New Mexico and Oklahoma. For the company's website, please visit: www.xfone.com.
MANAGEMENT & BOARD OF DIRECTORS
Guy Nissenson
President, Chief Executive Officer, Director
Mr. Guy Nissenson has been XFONE's President, Chief Executive Officer, and Director since its inception. Mr. Nissenson joined Swiftnet, Ltd. in October 1999 and became a Director of Swiftnet, Ltd. in May 2000 and later its Managing Director in October 2003. He was a marketing manager of RADA Electronics Industries in Israel from May 1997 to October 1998. Mr. Nissenson was an audit and control officer with the rank of Lieutenant of the Israeli Defense Forces - Central Drafting Base and other posts from March 1993 to May 1997. In July 2000, Guy Nissenson received a Bachelor of Science Degree in Business Management from Kings College - University of London and in September 2001, received a Master of Business Administration (MBA) in International Business from Royal Holloway at the University of London in London, United Kingdom.
HEAD OFFICE
Xfone, Inc.
5307 W Loop 289
Lubbock, TX 79414
USA
Phone: ( 806) 771-5212, Fax: (806) 788-3398
www.xfone.com
Revenue Q3
Revenue from the Company's Fiber-To-The-Premise (FTTP) business grew 30% to $3.4 million in the quarter ended September 30, 2011, as compared to approximately $2.6 million in the third quarter of 2010. Sequentially, FTTP revenues increased 12.4% as compared to the second quarter of 2011. FTTP revenues represented 23.4% of total revenues for the third quarter of 2011 as compared to 17.6% of total revenues for the third quarter of 2010.
Consolidated revenues for the quarter ended September 30, 2011 were $14.6 million, a decrease of 2.5%, compared to $15.0 million in the quarter ended September 30, 2010 but up 3.6% from $14.1 million in the second quarter of 2011. The year over year revenue decline is related to attrition in non-FTTP residential customers and legacy wholesale business.
For the first nine months of 2011, revenue from the Company's FTTP business grew 29% to $9.4 million from $7.3 million in the first nine months of 2010. Consolidated revenues for the nine months ended September 30, 2011 were $43 million, a decrease of 2.3% compared to consolidated revenues of $44.0 million in the nine months ended September 30, 2010.
Customer Expansion
The Company's total number of FTTP customers as of September 30, 2011 was 6,620 compared to 5,433 FTTP customers as of September 30, 2010 with sequential growth of 8% from 6,111 FTTP customers as of June 30, 2011.
Average Revenue Per User (ARPU) for all of the Company's fiber markets is approximately $392 per month for business customers and approximately $95 per month for residential customers.
Xfone has continued to make progress on construction of its PRIDE Network, a project almost entirely financed by $99.9 million in funds from the Federal Broadband Stimulus Program, of which 45.9% is in the form of grants and 54.1% is in the form of low cost long-term loans. Following the end of the quarter, the Company signed its first PRIDE Network customers in Brownfield and Whitharel, Texas.
During the quarter, Xfone announced the acquisition of Reach Broadband's approximately 1,800 cable customers and equipment in Brownfield, Anton, Abernathy, Hale Center, Idalou, O'Donnell, Olton and Tahoka, Texas. The transaction is expected to close, pending various approvals, on December 1, 2011. This transaction complements the acquisition of Cobridge Telecom which included approximately 2,400 cable customers and was closed on July 1, 2011. Cobridge contributed revenues to the Company's non-FTTP results in the third quarter of 2011. Xfone plans to offer these non-FTTP customers the opportunity to upgrade their service to include high speed internet, voice and enhanced video services.
New Market Progress
During the quarter, Xfone brought its FTTP network to two new markets, Burkburnett and Brownfield, Texas and has seen robust customer acceptance of the Company's triple play offering. Likewise, Xfone continued to make excellent progress in the Littlefield, Texas market where it established its FTTP network during the second quarter and has sold to more than 30% of that market as of the end of the third quarter.
Click Here to View FTTP Trendline Charts
EBITDAS
EBITDAS (earnings before interest, taxes, depreciation, amortization and stock-based compensation) for the third quarter of 2011 was $2.4 million, a 23.9% increase over the same quarter last year and a 12.5% increase sequentially when compared to the second quarter of 2011. EBITDAS margin in the quarter ended September 30, 2011 was 16.2% compared to EBITDAS margin of 12.7% for the quarter ended September 30, 2010.
Net Income
The Company had net income of $871,000 or $0.04 per diluted share assuming 21,119,488 shares outstanding for the quarter ended September 30, 2011 compared to a net loss from continued operations of $1.5 million or a loss of $0.07 per diluted share assuming 21,169,288 shares outstanding for the quarter ended September 30, 2010.
For the nine months ended September 30, 2011, the Company reported a net loss from continued operations of $443,000 or a loss of $0.02 per diluted share, assuming 21,119,488 shares outstanding compared to a net loss of $2 million or a loss of $0.10 per diluted share, assuming 20,295,714 shares outstanding for the nine months ended September 30, 2010.
The Company recorded a net financing income of $421,000 for the three months ended September 30, 2011 compared to net financing expense of $2.3 million in the three months ended September 30, 2010. The net financing benefit is related to the valuation of the U.S. Dollar to the New Israeli Shekel.
Balance Sheet
Following the close of the third quarter, Xfone announced that it had raised $6 million in a successful rights offering to shareholders. Taking into account the oversubscription privileges, there was a demand for 95% of the offered shares. In connection with the consummation of the rights offering, on November 2, 2011, the Company issued 20,067,108 shares of its common stock at a purchase price of $0.30 per share.
In addition, also subsequent to the close of the quarter, Xfone received long-term funding of $7.5 million related to its loan agreement with ICON Agent LLC. This financing will be used in part to pay off the Company's short term debt.
Mr. Guy Nissenson, Xfone's President and CEO, commented, "The build out of our high margin fiber network is proceeding on schedule and below budget. We are particularly pleased by the acceptance rate for our services in our new market, Littlefield, Texas where we've sold to more than 30% of that market since we launched in June. Likewise, we have made strategic customer base acquisitions to further augment our organic growth through the addition of the cable customers of Cobridge Telecommunications last quarter and through the anticipated close of Reach Broadband next month.
"We are very pleased to have recently completed our rights offering, which resulted in raising approximately $6 million for our Company. The successful completion of the rights offering and the funding of our $7.5 million loan agreement with ICON, significantly strengthens our capital structure and enhances our liquidity. This funding has dramatically fortified our working capital and we intend to use the additional resources to pay down our debt and to expand our FTTP sales and marketing efforts with the goal of increasing our presence in new and existing markets."
Average volume | 398.42k |
---|---|
Shares outstanding | 41.19m |
Free float | 29.24m |
P/E (TTM) | -- |
Market cap | 23.11m USD |
Xfone, Inc. and Subsidiaries | ||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||||||||||
(Unaudited) | ||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Revenues | ||||||||||||||||
Services on Fiber-To-The-Premise network | $ | 3,417,271 | $ | 2,634,074 | $ | 9,403,832 | $ | 7,288,042 | ||||||||
Leased local loop services and other | 11,184,371 | 12,344,483 | 33,554,184 | 36,677,512 | ||||||||||||
Total Revenues | 14,601,642 | 14,978,557 | 42,958,016 | 43,965,554 | ||||||||||||
Expenses | ||||||||||||||||
Cost of services (excluding depreciation and amortization shown below) | 7,063,847 | 7,169,583 | 20,925,151 | 21,354,450 | ||||||||||||
Selling, general and administrative | 5,202,866 | 5,988,544 | 15,730,833 | 17,910,714 | ||||||||||||
Depreciation and amortization | 1,453,983 | 1,091,206 | 3,850,446 | 3,144,840 | ||||||||||||
Financing expenses (income), net | (421,121 | ) | 2,340,159 | 2,831,573 | 3,597,274 | |||||||||||
Other expenses | 115,453 | 159,712 | 405,299 | 453,048 | ||||||||||||
Total Expenses | 13,415,028 | 16,749,204 | 43,743,302 | 46,460,326 | ||||||||||||
Income(loss) from continued operations before taxes and non-controlling interest |
1,186,614 | (1,770,647 | ) | (785,286 | ) | (2,494,772 | ) | |||||||||
Income tax benefit (expense) | (177,952 | ) | 250,690 | 342,567 | 503,306 | |||||||||||
Net Income (loss) from continued operations | 1,008,662 | (1,519,957 | ) | (442,719 | ) | (1,991,466 | ) | |||||||||
Income (loss) from discontinued operations in the United Kingdom and Israel, before taxes | (137,535 | ) | (957,320 | ) | (137,535 | ) | (862,444 | ) | ||||||||
Capital gain from the disposal of the discontinued operations in the United Kingdom and Israel | - | 1,217,374 | - | 1,217,374 | ||||||||||||
Income tax expense on discontinued operations in the United Kingdom and Israel | - | (4,040 | ) | - | (189,295 | ) | ||||||||||
Net income (loss) | 871,127 | (1,263,943 | ) | (580,254 | ) | (1,825,831 | ) | |||||||||
Less: Net income (loss) attributed to non-controlling interest (related to discontinued operations) | - | 26,693 | - | (136,786 | ) | |||||||||||
Net income (loss) attributed to shareholders | $ | 871,127 | $ | (1,237,250 | ) | $ | (580,254 | ) | $ | (1,962,617 | ) | |||||
Basic and diluted income (loss) per share: | ||||||||||||||||
Income (loss) from continued operations | $ | 0.05 | $ | (0.07 | ) | $ | (0.02 | ) | $ | (0.10 | ) | |||||
Income (loss) from discontinued operations | (0.01 | ) | 0.01 | (0.01 | ) | - | ||||||||||
Basic and diluted income (loss) per share | $ | 0.04 | $ | (0.06 | ) | $ | (0.03 | ) | $ $ | (0.10 | ) | |||||
Basic weighted average number of shares outstanding: | 21,119,488 | 21,119,488 | 21,119,488 | 20,295,714 | ||||||||||||
Diluted weighted average number of shares outstanding: | 21,119,488 | 21,169,288 | 21,119,488 | 20,295,714 |
Reconciliation of EBITDAS to Net income (loss) applicable to common stockholders as it is presented on the Condensed Consolidated Statements of Operations for Xfone, Inc. | ||||||||||||||||
Three months ended | Nine months ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
2011 | 2010 | 2011 | 2010 | |||||||||||||
Net income (loss) attributed to shareholders | $ | 871,127 | $ | (1,237,250 | ) | $ | (580,254 | ) | $ | (1,962,617 | ) | |||||
Depreciation and amortization | 1,453,983 | 1,091,206 | 3,850,446 | 3,144,840 | ||||||||||||
Compensation in connection with the issuance of warrants and options | 24,567 | 84,129 | 166,194 | 535,512 | ||||||||||||
Financing expense (income), net | (421,121 | ) | 2,340,159 | 2,831,573 | 3,597,274 | |||||||||||
Other expenses | 115,453 | 159,712 | 405,299 | 453,048 | ||||||||||||
Net income attributed to non-controlling interest | - | (26,693 | ) | - | 136,786 | |||||||||||
Income tax benefit | 177,952 | (250,690 | ) | (342,567 | ) | (503,306 | ) | |||||||||
Loss (income) from discontinued operations, after taxes | 137,535 | (256,014 | ) | 137,535 | (165,635 | ) | ||||||||||
EBITDAS | $ | 2,359,496 | $ | 1,904,559 | $ | 6,468,226 | $ | 5,235,902 |
2011 Annual Meeting of Stockholders | |
Rights Offering | |
FTTU Buildout Progress | |
CEO Letter to Shareholders | |
Conference Call Webcasts | |
Stock Quote | |
Corporate Governance |
Last Transaction | Last Three Months | |||||||||
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SEC Filing | Transaction | Insider | Sentiment | Holdings Change | Buy Amount | Sell Amount | Buy Price Range | Sell Price Range | ||
15-Nov-11 3:17 PM View: | 02-Nov-11 Private Purchase $751.80K | Scott Richard L 10% Owner | 100% 2.51M to 5.01M | 0 | 0 | -- | -- | Show Txns | ||
04-Nov-11 5:17 PM View: | 02-Nov-11 Acquisition (other) $20.00K | Schwarz Shemer Director | 749% 8.9K to 75.57K | 0 | 0 | -- | -- | Show Txns | ||
04-Nov-11 4:24 PM View: | 02-Nov-11 Acquisition (other) $2.40K | Almog Itzhak Director | 100% 8.0K to 16.0K | 0 | 0 | -- | -- | Show Txns | ||
02-Nov-11 6:30 PM View: | 26-Oct-11 Exercise (in-the money or at-the-money) $1.40M | Burlingame Asset Management... 10% Owner | 143% 3.26M to 7.92M | 0 | 0 | -- | -- | Show Txns | ||
04-Nov-11 5:42 PM View: | 02-Nov-11 Acquisition (other) $594.82K | Nissenson Guy President and CEO Director 10% Owner | 161% 1.23M to 3.21M | 0 | 0 | -- | -- | Show Txns | ||
27-Sep-11 2:09 PM View: | 21-Sep-11 Private Sale ($1.50M) | Keinan Abraham 10% Owner | (68%) 2.19M to 693.94K | 0 | 0 | -- | -- | Show Txns |
On Thursday February 10, 2011, Xfone held a groundbreaking ceremony in Brownfield, Texas to mark the start of construction on the Company's Pride 1 Fiber-To-The-Premise (FTTP) network. When completed, Pride 1 will bring high speed broadband services to Brownfield and 16 additional communities.
Pictured in the above photo (from left to right): Brady Perkins (FiberTex), Rick Dykes (FiberTex), Courtney Binford (NTS, Manager - Fiber Projects), Brad Worthington (NTS, President).
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