Telanetix, Inc. (fka TNIX)

[Renee]

TNIX: Acquisition/Merger; Each shareholder of TNIX shall receive $7.284/share.

http://www.otcbb.com/asp/dailylist_detail.asp?d=08/30/2013&mkt_ctg=NON-OTCBB

[killuminati]

No one kept stocks here? What do you think of the buyout? Sweet news for me!

[stratford1]

Telanetix Reports 117% Adjusted EBITDA Growth in Third Quarter 2012
Record total revenue of $8.0 million
Core revenue up 15.7% year over year

Anybody out there care? Haha!

[Immie]

TELANETIX REPORTS FOURTH QUARTER AND FULL YEAR 2011 FINANCIAL RESULTS
Fourth Quarter Core Voice Revenue Increased 21% Year-Over-Year;
Record Adjusted EBITDA of $1.2 Million and Positive Operating Income in Fourth Quarter

BELLEVUE, WA - March 15, 2012 - Telanetix, Inc. (OTC BB: TNIX), a leading cloud-based communications provider offering next generation voice services and solutions to the business market, today reported financial results for its 2011 fourth quarter and full year ended December 31, 2011.

Fourth Quarter 2011 Financial Highlights:
- Core voice revenue increased 21% year-over-year to $6.6 million, compared to $5.5 million in the fourth quarter of 2010.

- Total revenue increased 12% year-over-year to $7.5 million, compared to $6.7 million in the fourth quarter of last year, reflecting the expected increase in core product revenues.

- Achieved positive operating income of $23,000 for the first time in Company history. Net loss from continuing operations improved to $568,000, or a loss of $0.12 per share, compared to net loss of $1.6 million, or a loss of $0.36 per share, in the fourth quarter last year.

- Adjusted EBITDA increased to a record $1.2 million, compared to $536,000 in the fourth quarter last year.

- Total cash and cash equivalents were $1.8 million at December 31, 2011 after debt service of $1.4 million during the year.

Full Year 2011 Financial Highlights:
- Core voice revenue increased 13.4% year-over-year to $24.7 million.

- Total revenue increased $187,000 year-over-year to $28.7 million.

- Net loss from continuing operations was $5.3 million, or a loss of $1.12 per share, compared to net income from continuing operations of $10.3 million, or $4.53 per share, which included a $16.5 million gain on recapitalization and $800,000 credit from change in fair market value of derivative liabilities.

- Adjusted EBITDA of $2.6 million, representing a second consecutive full year of positive EBITDA and a more than $800,000 increase from adjusted EBITDA of $1.7 million for 2010.


Doug Johnson, Telanetix' CEO said, "2011 was a pivotal year for Telanetix in which we stabilized the company to create a foundation for growth, and our solid results reported today reflect progress with our shift in strategic focus toward growing our business and further expanding our presence and share in the marketplace. Core revenue for the fourth quarter grew 21 percent year-over-year to a record $6.6 million and full year total revenue grew 12 percent over 2010. In addition, we achieved our ninth consecutive quarter of positive adjusted EBITDA, posting a record $1.2 million for the fourth quarter, as well as a second consecutive full year of positive EBITDA.

"During the year we made material progress building on our strategic partnerships and expanding our customer reach by adding significant new channel partners, including Mitel Networks, Vertical Communications and Staples, and growing existing relationships including Costco and Office Depot," Johnson concluded.

FY-2012 Financial Guidance
Based on the strong market acceptance Telanetix has seen for its DPS and SIP trunking services, the Company expects to achieve total revenue for 2012 of between $31.5 million to $32.0 million, representing growth of approximately 10% to 12%, and core voice revenue for 2012 of between $28.0 million and $28.5 million, representing growth of between 13% and 15%. The Company also expects to achieve adjusted EBITDA for 2012 of between $4.50 million and $4.75 million, representing growth of approximately 73% to 83%. Telanetix expects to fund this growth organically without need to raise additional capital.

Adjusted EBITDA is a non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. Management uses adjusted EBITDA to evaluate changes in the company's core earnings from operations, unaffected by non-cash expenses, expenses related to the company's capital structure, taxes or extraordinary events. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities, as well as the Company's recent recapitalization and severance charges. A reconciliation of net income to adjusted EBIDTA can be found at the end of this release.

Conference Call Information
Management will conduct a conference call at 1:30 p.m. PT (4:30 p.m. ET) today. To access the call in the United States, dial [phone] and to access the call internationally, dial [phone] and enter pass code 38318731. The call will also be broadcast live over the Internet and will be available for replay for 90 days at www.telanetix.com. A telephone replay will be available two hours after the call through March 22, 2012 by dialing [phone] in the United States and [phone] for international callers. All parties will need the following replay pass code 81462315.

About Telanetix, Inc.
Telanetix, Inc. (OTC BB: TNXI) is a leading cloud based communications solutions provider offering next generation voice services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition of cutting edge products and technology that brings enhanced productivity and industry-leading savings to our customers. The company's hosted telecom voice services, marketed under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Fortune 50 companies, we've scaled our award-winning technologies to meet the needs of entrepreneurial-minded small businesses.

Safe Harbor Statement
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, our expectations regarding growth in our core revenue for 2012, anything relating or referring to future financial results and plans for future business development activities, including anticipated effects of distribution relationships, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission could materially and adversely affect our business, operating results and financial condition. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

[twitchy]

Halted? My account says this stock has been halted, anybody know what's happening?

[Hlong]

What !!!!! Something is up???? I'm sure - with 3,533 shares traded today. That's a joke and it is not even funny, especially since I used to have allot of shares, and at a much, much more higher price even at today's price (let alone absorbing a 75:1 reverse split).

This POS needs to get to 23.00 a share before I can get even and no thanks to Doug Johnson. He sold out the company and is still drawing a nice paycheck. Sour grapes -- You bet.

[sntstvn]

Something is up with TNIX - it's up over 70% today. Anyone with any thoughts? Can't find any news, or a PR or anything out there. Yet, buys are coming in at PPS levels that indicate there may be news to report.

[stratford1]

News that was never PR'ed in August...

Per conference call August 11, 2011:

"It is a priviledge today for us to announce a third strategic relationship with Staples. Staples is the largest office products superstore chain in the US, and while we are in the initial trial portion of this relationship in 49 stores, this has the potential to be a very powerful partnership..."

[For clarification, Douglas Johnson, CEO, discusses the first two strategic relationships with Costco and Office Depot before this announcement on the conference call]

This company has major partnerships and works with major clients. Why they don't PR some of this stuff is a mystery.

[stratford1]

Application for Withdrawal of Registration Statement - August 31, 2011

http://ih.advfn.com/p.php?pid=nmona&article=49011020

"...We are withdrawing the Registration Statement because we have determined not to proceed with the rights offering."

[pro-trader]

Telanetix Reports Second Quarter 2011 Financial

print
Telanetix (OTCBB:TNIX)
Intraday Stock Chart

Today : Thursday 11 August 2011
Click Here for more Telanetix Charts.

Telanetix, Inc. (OTC BB: TNIX), a leading communications solutions provider offering cloud-based, next generation voice services and solutions to the business market, today reported financial results for its 2011 second quarter ended June 30, 2011.

Second Quarter Financial Highlights

Core voice revenue was $6.3 million, up 1.7% from $6.2 million sequentially and up 8.1% from $5.9 in the second quarter of 2010. The Company's next generation SIP Trunking and Digital Phone Service (DPS) products achieved combined growth of 49% year-over-year and 12% sequentially.
Total revenue was $7.0 million, compared to $6.9 million sequentially and $7.3 million in the second quarter of 2010. The year-over-year decline in total revenue was due to the expected decrease in legacy product revenues, which were $651,000, a 54% decrease compared to $1.4 million in the second quarter of 2010. The Company believes its legacy product revenue has stabilized and further growth in its next generation products and services should have a positive impact on total revenue in future quarters.
Adjusted EBITDA increased to $398,000, compared to $321,000 in the second quarter last year, and represents the seventh consecutive quarter of positive adjusted EBITDA.
Net loss from continuing operations was $1.7 million or $0.35 per share, compared to net income of $3.4 million, or $8.11 per share (split-adjusted), in the second quarter last year which included a one-time $5.0 million credit for the change in fair market value of derivative liabilities.
Total cash and cash equivalents were $2.1 million at June 30, 2011.
The Company completed a 1-for-75 reverse stock split effective in the second quarter of 2011.
The Company also announced the withdrawal of its previously announced rights offering. As a result, no additional common stock will be issued in connection with that offering. Similarly, the backstop obligations and conversion rights contained in outstanding senior secured notes were cancelled. These actions eliminated a large overhang on the Company's outstanding common stock.

“While sequential growth in our total revenue was modest, our legacy revenue has stabilized and further growth in our core voice products will drive top line revenues in coming quarters,” said Doug Johnson, Telanetix’s CEO. “Our SIP Trunking and Digital Phone Service products, when combined together, grew 49% year-over-year and 12% sequentially, an important benchmark as these two key products are the growth engines for the company and long-term focus of our business.

“During the second quarter, we completed key steps that strengthen our ability to capitalize on our target market going forward. We launched a sales and distribution trial with a significant new channel partner, expanded our product line, signed Polycom as a new DPS equipment partner, and initiated improvements to the overall efficiencies of our network,” continued Johnson. “With these accomplishments, we have significantly expanded our marketing reach and materially increased the customers we can serve, and we believe they will result in meaningful revenue and gross margins improvement, beginning in the current third quarter.

Revenue for the second quarter of 2011 was $7.0 million, compared to $6.9 million in the preceding quarter and $7.3 million in the second quarter of 2010. Gross profit was $4.0 million, or 57.2% of revenue, compared to $4.3 million, or 58.6% of revenue, a year ago. Total operating expenses were $4.7 million, compared to $5.1 million a year ago.

Adjusted EBITDA increased 24% to $398,000, compared to $321,000 in the second quarter last year, and represents the Company's seventh consecutive quarter of positive adjusted EBITDA.

Net loss from continuing operations for the second quarter of 2011 was $1.7 million, or $0.35 per share, compared to net income for the second quarter of 2010 of $3.4 million, or $8.11 per share (split-adjusted). Second quarter 2010 net income included a $5.0 million credit for the change in fair market value of derivative liabilities.

Total cash and cash equivalents were $2.1 million on June 30, 2011, compared to $2.3 million at December 31, 2010.

Non-GAAP Financial Measures

Adjusted EBITDA is a non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. Management uses adjusted EBITDA to evaluate changes in the company's core earnings from operations, unaffected by non-cash expenses, expenses related to the company's capital structure, taxes or extraordinary events. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities, as well as the Company’s recent recapitalization. A reconciliation of net income to adjusted EBITDA can be found at the end of this release.

Conference Call Information

Management will conduct a conference call at 1:30 p.m. PT (4:30 p.m. ET) today. To access the call in the United States, dial [phone] and to access the call internationally, dial [phone] and enter pass code 96968501. The call will also be broadcast live over the Internet and will be available for replay for 90 days at www.telanetix.com. A telephone replay will be available two hours after the call through August 18, 2011 by dialing [phone] in the United States and [phone] for international callers. All parties will need the following replay pass code 40472333.

About Telanetix, Inc.

Telanetix, Inc. (OTC BB: TNIX) is a leading communications solutions provider offering cloud-based voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition of cutting edge products and technology that brings enhanced productivity and industry-leading savings to our customers. The company's hosted telecom voice services, marketed under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Fortune 50 companies, Telanetix has scaled its award-winning technologies to meet the needs of entrepreneurial-minded small businesses.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” within the meaning of applicable federal securities laws, including, without limitation, our expectations regarding growth in our core revenue for 2011, anything relating or referring to future financial results and plans for future business development activities, including anticipated effects of distribution relationships, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission that could materially and adversely affect our business, operating results and financial condition. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

TELANETIX, INC.
Condensed Consolidated Balance Sheets

June 30, 2011 December 31, 2010
(Unaudited)
ASSETS
Current assets
Cash $ 2,078,418 $ 2,330,111
Accounts receivable, net 1,906,380 1,590,022
Inventory 238,565 182,924
Prepaid expenses and other current assets 439,426 530,548
Total current assets 4,662,789 4,633,605
Property and equipment, net 2,287,274 2,641,731
Goodwill 7,044,864 7,044,864
Purchased intangibles, net 10,078,337 11,178,337
Other assets 426,402 583,632
Total assets $ 24,499,666 $ 26,082,169

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable $ 1,690,772 $ 1,609,488
Accrued liabilities 2,489,076 2,326,465
Deferred revenue 1,046,719 1,016,021
Income tax payable 33,400 225,000
Current portion of capital lease obligations 314,632 404,710
Current portion of long-term debt 2,400,000 1,200,000
Total current liabilities 7,974,599 6,781,684
Non-current liabilities
Deferred revenue, net of current portion 212,902 253,798
Capital lease obligations, net of current portion 142,390 116,251
Long-term debt, net of current portion 5,547,311 5,291,539
Total non-current liabilities 5,902,603 5,661,588
Total liabilities 13,877,202 12,443,272
Stockholders' equity (deficit)
Common stock, $.0001 par value; Authorized: 8,000,000 shares;

Issued and outstanding: 4,820,098 and 4,594,262 at June 30, 2011 and December 31, 2010, respectively (1)
482 34,457
Additional paid in capital 43,854,008 43,569,588
Warrants 56,953 56,953
Accumulated deficit (33,288,979 ) (30,022,101 )
Total stockholders' equity (deficit) 10,622,464 13,638,897
Total liabilities and stockholders' equity (deficit) $ 24,499,666 $ 26,082,169


(1) Prior year disclosures adjusted for the impact of the 1 for 75 reverse stock split

TELANETIX, INC.
Condensed Consolidated Statements of Operations
(Unaudited)

Three months ended June 30, Six months ended June 30,
2011 2010 2011 2010

Revenues $ 6,994,902 $ 7,285,612 $ 13,929,303 $ 14,946,308

Cost of revenues 2,991,432 3,014,694 5,861,829 6,195,951

Gross profit 4,003,470 4,270,918 8,067,474 8,750,357

Operating expenses
Selling and marketing 1,727,112 1,806,783 3,475,405 3,383,105
General and administrative 1,839,118 1,890,672 3,740,197 3,852,539
Research, development and engineering 464,625 694,395 943,135 1,433,713
Depreciation 159,070 147,011 311,884 290,552
Amortization of purchased intangibles 550,000 550,000 1,100,000 1,100,000
Total operating expenses 4,739,925 5,088,861 9,570,621 10,059,909

Operating loss (736,455 ) (817,943 ) (1,503,147 ) (1,309,552 )

Other income (expense)
Interest income 64 198 197 262
Interest expense (919,411 ) (787,656 ) (1,763,928 ) (1,576,158 )
Change in fair market value of derivative liabilities — 5,040,381 — 790,648
Total other income (expense) (919,347 ) 4,252,923 (1,763,731 ) (785,248 )

Income (loss) from continuing operations before taxes (1,655,802 ) 3,434,980 (3,266,878 ) (2,094,800 )

Income tax expense — — — —

Income (loss) from continuing operations (1,655,802 ) 3,434,980 (3,266,878 ) (2,094,800 )

Loss from discontinued operations — (71,346 ) — (269,733 )

Net income (loss) $ (1,655,802 ) $ 3,363,634 $ (3,266,878) $ (2,364,533 )

Net income (loss) per share – basic and diluted
Continuing operations $ (0.35 ) $ 8.11 $ (0.70 ) $ (4.94 )
Discontinued operations — (0.17 ) — (0.64 )
Net income (loss) per share(1) $ (0.35 ) $ 7.94 $ (0.70 ) $ (5.58 )

Weighted average shares outstanding – basic and diluted(1) 4,753,091 423,578 4,674,115 423,578


(1) Prior year disclosures adjusted for the impact of the 1 for 75 reverse stock split

TELANETIX, INC.
Net Loss to EBITDA Reconciliation
(Unaudited)

Three months ended June 30, Six months ended June 30,
2011 2010 2011 2010
Adjusted EBITDA (earnings release purposes only)
Net Profit / (Loss) $ (1,655,802 ) $ 3,363,634 $ (3,266,878 ) $ (2,364.533 )
Depreciation and amortization of purchased intangibles 1,006,201 993,229 1,993,616 1,982,557
Interest expense 919,347 787,458 1,763,731 1,575,896
EBITDA 269,746 5,144,321 490,469 1,193,920
Adjustments for certain non-cash expenses:
Change in fair market value of derivative liabilities - (5,040,381 ) - (790,648 )
Stock based compensation 128,603 216,706 250,445 434,660
Adjusted EBITDA $ 398,348 $ 320,646 $ 740,913 $ 837,932

http://ih.advfn.com/p.php?pid=nmona&article=48800898

[pro-trader]

they gave us the BS of more interest will be for buyers and contrary it end up worst
I e mailed them twice, they do not even respond
no wonder, no one has interest buying in this anymore
far from my break even at this point

[stratford1]

Good question. It looked like the bid/ask was tightening up recently but hasn't held. Obviously, not much investor interest here at all. Can't blame people...this company is so so quiet, its unbelievable. I guess Aug 11th report will give some indication of what's going on.

[pro-trader]

does anyone have an idea what is going on with this company?
why did they do RS if the stock will not even trade?

[mlkrborn]

What a reverse split ratio! was there another one in the past?
4:10PM Telanetix announced that its 75 to 1 reverse stock split of its common stock became effective today (TNXI) 0.04 0.00 :

[MetalHead]

Effective tomorrow.

[sntstvn]

I've long felt this one to be grossly undervalued, a company that appears to be in a great position to return at some point to levels it enjoyed on 06-07. At that time, the stock was worth between 5-7 dollars per share. Of course, that's a lot of wishful thinking on my part, but what real reasons are there for why the stock can't rebound to be worth say, just HALF of its PPS from a few years back?

[pro-trader]

TELANETIX LAUNCHES NEXT GENERATION BUSINESS PHONE SOLUTION
“DPS Flex” Combines Best of Cloud-Based Service Technology with On-Premise Savings


BELLEVUE, WA - May 24, 2011 - Telanetix, Inc. (OTC BB: TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, today announced the launch of DPS Flex, the next generation of its Digital Phone System (DPS) Solution. The solution, targeted at Small Businesses and combining a state-of-the-art digital PBX system with innovative, cloud-based services, is available nationwide. The solution includes a number of new capabilities including:


Support for multiple geographic locations

Remote worker" phone station completely integrated into an office phone system

Flexibility to purchase in increments of single-phone/single-phone-line service, up to 100

Cloud-based services such as personalized hold music or messages, email notification of new voicemails, online billing and call history, and more

Savings of up to 50% on monthly phone charges when compared to traditional providers



DPS Flex revolutionizes the way that the 22 million U.S. businesses with 1 to 100 employees are able to acquire and deploy a fully featured, enterprise class phone system. AccessLine has developed proprietary technology that eliminates entirely the need for an IT specialist to install the system, thereby saving the customer thousands of dollars. This simplicity, in combination with AccessLine's comprehensive nationwide service coverage, allows small businesses to purchase a sophisticated phone system solution through national retailers rather than through expensive third party integrators.

"As specialists in the Small Business market segment, we know that our customers are looking for technology that brings immediate savings and productivity to their business," noted Doug Johnson, Chief Executive Officer of Telanetix. "They want the significant savings and productivity enhancements that an enterprise-class phone system solution can deliver, without a month-long technical integration project to get the technology up and running. We custom configure every system for every customer before we ship it, allowing them to be up and running within an hour or two of delivery and providing a unique combination of savings and simplicity that no other phone system solution delivers."

http://www.telanetix.com/index.asp?nav=investors&subnav=article&subsubnav=10&id=1527&action=category&cat=10

[pro-trader]

Telanetix to Hold First Quarter 2011 Financial Results Conference Call on May 11, 2011

Telanetix, Inc. (OTCBB: TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, is scheduled to host a conference call to discuss its first quarter 2011 results on Wednesday, May 11, 2011 at 1:30 p.m. Pacific Time (4:30 p.m. ET). Management will deliver prepared remarks and conduct a question and answer session.

http://ih.advfn.com/p.php?pid=nmona&article=47463265

[Hlong]

SEC Filed Documents REVERSE SPLIT

75 to 1 did, in fact, happen. AWK!

Company's web site under SEC Filings has the information.

[stratford1]

Thanks for the link. Ironically, I just happened to scroll down the iHub page and noticed a banner add at the bottom for Office Depot Conference Calling. Links to the same page.

http://www.officedepot.forconferencing.com/?gclid=CPGZ5um2nagCFYRa7Aod_T-wIQ

So, they advertise on INVESTORS Hub but dont do a press release? Just funny.

[twitchy]

The Office Depot deal was done a long time ago: http://officedepot.telecomsvc.com/conference/index.asp

I don't think they even did a press release?

[stratford1]

Remember this?... Deloitte 2010 Technology Fast 500 Rankings - Telanetix Ranked 8th of 500.

Holding .04 range well - some positive news could move this. Where's the Office Depot deal?

[FCF12]

Same old script thats dusted off quarter to quarter..Like I said pigs cant fly. This POS continues to struggle and 1:75 reverse wont do much because the fundamentals or so weak..The beat goes on....Poorly managed and marketed...All IMHO of course.

[pro-trader]

Telanetix Reports Fourth Quarter and Full Year 2010 Financial Results
Telanetix (OTCBB:TNXI)
Intraday Stock Chart

Today : Wednesday 23 March 2011
Click Here for more Telanetix Charts.

Telanetix, Inc. (OTCBB: TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, today reported financial results for its 2010 fourth quarter and full year ended December 31, 2010.

Fourth Quarter 2010 Financial Highlights

* Core voice revenue increased 10 percent year-over-year to $6.0 million, compared to $5.4 million in the fourth quarter of 2009.
* Total revenue was $6.7 million, a decrease of 6.9 percent compared to $7.2 million in the fourth quarter of 2009. The decline in total revenue was due to the expected decrease in legacy product revenues, which were $733,000, a 59 percent decrease compared to $1.8 million in the fourth quarter of 2009.
* Adjusted EBITDA improved to $536,000, compared to $130,000 in the fourth quarter last year.
* Net loss from continuing operations was $1.6 million, or $0.00 per share, compared to net income of $1.1 million, or $0.04 per share, in the fourth quarter last year.
* Total cash and cash equivalents increased $58,000 to $2.3 million at December 31, 2010.

Full Year 2010 Financial Highlights

* Core voice revenue increased 15.9 percent year-over-year to $23.7 million.
* Total revenue increased $228,000 year-over-year to $28.5 million.
* Adjusted EBITDA of $1.7 million, first full year positive EBITDA and a more than $2.1 million improvement compared to an adjusted EBITDA loss of $379,000 for 2009.
* Net income from continuing operations was $10.3 million, or $0.06 per share, which included a $16.5 million gain on recapitalization and $800,000 credit from change in fair market value of derivative liabilities, compared to net loss in 2009 of $8.1 million, or a loss of $0.26 per share, which included a $4.1 million expense for interest and a $3.8 million credit for warrant and beneficial conversion feature liabilities.

Adjusted EBITDA is a non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. Management uses adjusted EBITDA to evaluate changes in the company's core earning from operations, unaffected by non-cash expenses, expenses related to the company's capital structure, taxes or extraordinary events. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities, as well as the Company’s recent recapitalization. A reconciliation of net income to adjusted EBITDA can be found at the end of this release.

“Our fourth quarter core voice revenue increased 10 percent over the same quarter last year and full-year core revenue grew nearly 16 percent over 2009,” said Doug Johnson, Telanetix’s CEO. “In addition, we achieved our fifth consecutive quarter of positive adjusted EBITDA and first full year positive EBITDA. During the quarter, our legacy revenue flattened out from recent declines, and we expect it to stay flat or modestly improve in 2011.

“During the year we made progress building on our strategic partnerships and expanding our customer reach by adding new channel partners, including Mitel Networks and Vertical Communications, each of which offers our SIP trunking services to customers ranging from medium-sized businesses to Fortune 1000 enterprises. We have seen strong initial interest in these services and expect this to be an important growth driver in 2011.

”2010 was a pivotal year for Telanetix and we are pleased with our progress and positive steps that have stabilized the company, including completing a comprehensive recapitalization of the Company. We believe we are well positioned now to build on this stable foundation and further expand our presence and share in the marketplace. We expect to achieve continued double digit growth in our core revenue for 2011.”

Conference Call Information

Management will conduct a conference call at 1:30 p.m. PT (4:30 p.m. ET) today. To access the call in the United States, dial [phone] and to access the call internationally, dial [phone] and enter pass code 75412259. The call will also be broadcast live over the Internet and will be available for replay for 90 days at www.telanetix.com. A telephone replay will be available two hours after the call through March 30, 2011 by dialing [phone] in the United States and [phone] for international callers. All parties will need the following replay pass code 34842285.

About Telanetix, Inc.

Telanetix, Inc. (OTCBB: TNXI) is a leading communications solutions provider offering voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition of cutting edge products and technology that brings enhanced productivity and industry-leading savings to our customers. The company's hosted telecom voice services, marketed under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Fortune 50 companies, we've scaled our award-winning technologies to meet the needs of entrepreneurial-minded small businesses.

Safe Harbor Statement

Certain statements contained in this press release are “forward-looking statements” within the meaning of applicable federal securities laws, including, without limitation, our expectations regarding growth in our core revenue for 2011, anything relating or referring to future financial results and plans for future business development activities, including anticipated effects of distribution relationships, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission could materially and adversely affect our business, operating results and financial condition. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

TELANETIX, INC.

Consolidated Balance Sheets



December 31, 2010
December 31, 2009

ASSETS
Current assets
Cash $ 2,330,111 $ 493,413
Accounts receivable, net 1,590,022 1,888,393
Inventory 182,924 253,563
Prepaid expenses and other current assets 530,548 465,348
Total current assets 4,633,605 3,100,717
Property and equipment, net 2,641,731 3,733,120
Goodwill 7,044,864 7,044,864
Purchased intangibles, net 11,178,337 13,378,337
Other assets 583,632 870,476
Total assets $ 26,082,169 $ 28,127,514

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable $ 1,609,488 $ 1,614,382
Accrued liabilities 2,326,465 3,141,315
Deferred revenue 1,016,021 897,453
Income tax payable 225,000 -
Current portion of capital lease obligations 404,710 683,249
Current portion of long-term debt, net 1,200,000 -
Beneficial conversion feature liabilities - 4,052,071
Total current liabilities 6,781,684 10,388,470
Non-current liabilities
Accrued Interest - 2,477,021
Deferred revenue, net of current portion 253,798 264,271
Capital lease obligations, net of current portion and debt discount 116,251 421,782
Long-term debt, net of current portion 5,291,539 -
Convertible debentures - 18,518,487
Total non-current liabilities 5,661,588 21,681,561
Total liabilities 12,443,272 32,070,031
Stockholders' equity (deficit)
Common stock, $.0001 par value; Authorized: 600,000,000 shares;

Issued and outstanding: 344,569,652 and 31,768,320 at December 31, 2010

and December 31, 2009, respectively
34,457 3,177
Additional paid in capital 43,569,588 34,848,164
Warrants 56,953 1,551,802
Accumulated deficit (30,022,101 ) (40,345,660 )
Total stockholders' equity (deficit) 13,638,897 (3,942,517 )
Total liabilities and stockholders' equity (deficit) $ 26,082,169 $ 28,127,514


TELANETIX, INC.

Consolidated Statements of Operations

Years ended December 31,
2010 2009

Revenues $ 28,520,084 $ 28,291,925

Cost of revenues 12,098,727 11,815,701

Gross profit 16,421,357 16,476,224

Operating expenses
Selling and marketing 6,817,724 6,283,628
General and administrative 7,402,862 8,142,528
Research, development and engineering 2,566,366 2,901,185
Depreciation 598,940 861,779
Amortization of purchased intangibles 2,200,000 2,200,000
Total operating expenses 19,585,892 20,389,120

Operating loss (3,164,535 ) (3,912,896 )

Other income (expense)
Interest income 1,079 1,391
Interest expense (3,306,085 ) (4,083,058 )
Gain on debt extinguishment 16,497,185 -
Change in fair market value of derivative liabilities 790,648 3,782,799
Total other income (expense) 13,982,827 (298,868 )

Income (loss) from continuing operations before taxes 10,818,292 (4,211,764 )

Income tax expense 225,000 -

Income (loss) from continuing operations 10,593,292 (4,211,764 )

Loss from discontinued operations (269,733 ) (3,853,807 )

Net income (loss) $ 10,323,559 $ (8,065,571 )

Net income (loss) per share – basic and diluted
Continuing operations $ 0.06 $ (0.14 )
Discontinued operations — (0.12 )
Net income (loss) per share $ 0.06 $ (0.26 )

Weighted average shares outstanding – basic and diluted 175,199,587 31,494,707


TELANETIX, INC.

Net Loss to EBITDA Reconciliation

(Unaudited)



Three months ended December 31,
Twelve months ended December 31,
2010 2009 2010 2009
Adjusted EBITDA (earnings release purposes only)
Net Profit / (Loss) $

(1,556,170


)
$

1,148,073
$ 10,323,559 $ (8,065,571 )
Depreciation and amortization of purchased intangibles 998,098

1,022,936
3,976,927 4,424,475
Interest expense 833,456 792,310 3,305,006 4,081,440
Impairment of Intangibles -- -- -- 1,413,435
State income tax expense 187,500 -- 225,000 0

EBITDA
462,884 2,963,319

17,830,492
1,853,779
Adjustments for certain non-cash expenses:
Gain on restructure 13,669 -- (16,497,185 ) 0
Change in fair market value of derivative liabilities --

(3,557,916


)
(790,648 ) (3,782,799 )

Stock based compensation
59,571

724,710
1,177,841 1,550,357

Adjusted EBITDA


$




536,124


$




130,113


$


1,720,500


$
(378,663 )


http://ih.advfn.com/p.php?pid=nmona&article=46997416

[pro-trader]

Telanetix to Hold Fourth Quarter and Full Year 2010 Financial Results Conference Call on March 23, 2011

Telanetix (OTCBB:TNXI)
Intraday Stock Chart

Today : Thursday 10 March 2011
Click Here for more Telanetix Charts.

Telanetix, Inc. (OTCBB:TNXI), a leading communications solutions provider offering next generation voice services and solutions to the business market, is scheduled to host a conference call to discuss its fourth quarter and full year 2010 results on Wednesday, March 23, 2011 at 1:30 p.m. Pacific Time (4:30 p.m. ET). Management will deliver prepared remarks and conduct a question and answer session.

What:
Telanetix Fourth Quarter and Full Year 2010 Financial Results Conference Call


When:
Wednesday, March 23rd at 1:30 p.m. Pacific Time (4:30 p.m. ET)


Dial In:


To access the call in the United States, dial [phone], or [phone] for international callers, and enter pass code 66215420.


Webcast:


The call will also be broadcast live over the Internet and will be available for replay for 90 days at www.telanetix.com


Replay:


A telephone replay will be available starting two hours after the call through March 30, 2011 by dialing [phone] in the United States and [phone] for international callers. All parties will need the following replay pass code 34842285.


About Telanetix, Inc.

Telanetix, Inc. (OTCBB:TNXI) is a leading communications solutions provider offering voice over IP (VoIP) services to all business market segments. Telanetix solutions meet the real-world communications demands of its customers with an industry-leading value proposition of cutting edge products and technology that brings enhanced productivity and industry-leading savings to our customers. The company's hosted telecom voice services, marketed under the "AccessLine" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Fortune 50 companies, we've scaled our award-winning technologies to meet the needs of entrepreneurial-minded small businesses.

http://ih.advfn.com/p.php?pid=nmona&article=46815144

[pro-trader]

must be a reason for it and holding at around 4 cents which makes over 3 dollars
which is enough to qualify for uplisting right??
lets all wait patiently and see

[FCF12]

Telanetix is proof positive that pigs can not fly. A 1:75 reverse split what a joke.


All IMHO.

[pro-trader]

Telanetix, Inc., a Delaware corporation, with its principal executive offices located at 11201 SE 8th Street, Suite 200, Bellevue, Washington 98004, is sending you this Information Statement to notify you of actions that the holders of a majority of the company’s outstanding voting capital stock have taken by written consent, in lieu of a special meeting of stockholders. References in this Information Statement to the “Company,” “our company,” “us,” “we,” or “our” are to Telanetix, Inc., a Delaware corporation. Copies of this Information Statement are being mailed to the holders of record on January 10, 2011 (the “ Record Date ”) of the outstanding shares of our common stock. This information statement is being mailed on or before January [•], 2011.
http://ih.advfn.com/p.php?pid=nmona&article=46180840

been 2 months since and no RS yet
I am wondering if this was done in order to go on major exchange
soon we shall find out
time to get TNXI moving
maybe wishful thinking

[twitchy]

That 7M volume piqued some interest. Check this out:

http://www.hotstocked.com/article/3897/telanetix-inc-otc-tnxi-stock-experiences-huge.html

At least some people might start to pay attention…

[twitchy]

Any thoughts as to why the volume has been increasing, especially today's volume?

[pro-trader]

How undervalued is TNXI and some yahoo posters think this is scam company
how about they read some and do DD about stating such statements

Our hosted Voice Services, marketed under the AccessLine™ brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Sun Microsystems, American Express and IBM, we've scaled our award-winning technologies to meet the needs of entrepreneurial-minded small businesses. With the feedback of our thousands of clients, we've developed and packaged the features growing businesses need, priced to fit a small business budget. Whether you're an executive who travels frequently, a busy salesman trying to juggle office, home and cell phones, or an office manager seeking a single vendor to provide an integrated communications solution, Telanetix' AccessLine Voice Services are for you. Whether you select our digital business phone systems, or one of our add on voice services, such as conferencing, voice mail, fax-to-email, one number integrated messaging, toll-free numbers or virtual receptionist services, start growing your small business now with AccessLine Voice Services for Business.
http://www.telanetix.com/index.asp?nav=investors

AccessLine™ Voice Services
The company's hosted telecom Voice services, marketed under the "AccessLine™" brand, give companies flexible calling solutions, a simpler installation experience, and a greater range of support options than traditional telecom providers. With a history of serving over 100,000 business customers, including Sun Microsystems, American Express and IBM, we've scaled our award-winning technologies to meet the needs of entrepreneurial-minded small businesses. With the feedback of our thousands of clients, we've developed and packaged the features growing businesses need, priced to fit most any small business budget. Whether you're an executive who travels frequently, a busy salesman trying to juggle office, home and cell phones, or an office manager seeking a single vendor to provide an integrated communications solution, Telanetix' AccessLine™ Voice Services are for you. Whether you select our digital business phone systems, conferencing, voice mail, fax-to-email, one number integrated messaging, toll-free numbers and virtual receptionist services, start growing your small business now with AccessLine™ Voice Services for Business.
http://www.accessline.com/

[FCF12]

Bottom line would expect Hale to now try to ready this for sale in the short term...$4-$5/sh would be a guess. The co. has not been stable and/or consistently profitable..perhaps they have deals lined up who is to say...IMHO.

[FCF12]

Wow!!!!!!This was a given to happen but worse than predicted...I thought worse case the reverse split would be 1:50...Glad I got out of this one...If it ever looks like they have something that adds instrinsic value and they finally know how to grow a business instead of numbers manipulation and can report on something other than EBITDUH then maybe venture in if there is a run......Though to date this managment team has been horrendous AND gets the BIG goose egg award....IMHO....

Good luck you guys hope this turns positive.

[pro-trader]

114 is not us share holders only, do some reading

[Hlong]

The Phoenix shall rise with Hale

Nobody wants to touch a 0.0389 stock except maybe some of us 114 lucky holders of Johnson's Folly. The 75:1 was a bit higher than expected, but then again the price was .05 mid November.

Hale will take this stock into the equity world, but only after the split and then showing really great quarterly numbers, not the smoke and mirrors telegraphed language that Johnson has put out in the last two quarterly reports.

My fellow longs, Hale is going be our salvation (I hope) as mentioned previously. It may be a while, however, and we may never get out what we have put in. The price today is 0.039. Simple math tells you how far the stock (@2.92) will have to rise for you to get even, let along make a profit. BTW the volume has been up, I wonder who has been buying (588,000 shares today) prior to today's after market SEC filing. Interesting.

Your comments are most certainly welcome. GLTA

[pro-trader]

New Authorized and Outstanding share count

Authorized will be 8 000 000
Outstanding will be 4 594 262

Our board of directors and our Majority Holders believe that the Reverse Stock Split is in the best interests of our company because the Reverse Stock Split will provide the capital structure that may facilitate further potential business and financing transactions and also increase the per share price of our outstanding common stock. We believe that if we are successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If we are successful in generating interest among such entities, we anticipate that our common stock would have greater liquidity and a stronger investor base.

The purpose of the Authorized Share Decrease is to reduce the Company's authorized capital stock proportionate to the Reverse Stock Split and to reduce the Company's Delaware Annual Franchise Tax, which is in part based upon the number of authorized shares. By reducing the Company’s number of authorized shares, the Company will reduce its Delaware Franchise taxes in the future years.
http://ih.advfn.com/p.php?pid=nmona&article=46180840

On January 10, 2011, our board of directors and our stockholders, acting by written consent, approved the Charter Amendment to decrease our authorized number of shares of common stock from 600,000,000 to 8,000,000 and to decrease our authorized number of shares of preferred stock from 10,000,000 to 133,333. We expect to file the Charter Amendment with the Delaware Secretary of State, and thereby such amendment becoming effective, promptly following the lapse of the 20 calendar day period following the mailing of a definitive information statement to our stockholders.

As of December 31, 2010, there were 344,569,652 shares of our common stock outstanding that were held of record by approximately 114 stockholders. Holders of our common stock are entitled to one vote per share on all matters to be voted upon by the stockholders. In the event of our liquidation, dissolution or winding up, holders of common stock are entitled to share ratably in all assets remaining after payment of liabilities. The common stock has no preemptive, conversion or other rights to subscribe for additional securities. There are no redemption or sinking fund provisions applicable to the common stock. The rights, preferences and privileges of holders of common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock that we may designate and issue in the future.

[Hlong]

Company bonus to Johnson is the New Years Resolution

New 8K out where Johnson and his right hand person just got nice bonuses. This now explains Johnson's recent filing for the Company's EBIDA numbers. Very interesting. Screw the stockholders, just pay me with the little bit of cash that happens to come in.

The company management has to go!

[FCF12]

Apparently the CEO did not make any New Year's resolutions to improve the the share price..2011 same as 2010? Looking so.

[pro-trader]

I WISH YOU ALL TNXIers HAPPY NEW YEAR and hope that 2011 will bring us all health and luck

[FCF12]

Runner you crack me up...Yes enough with the EBITDA already...Thats a strange announcement isnt it?..Nothing else said. ...Yes exactly what about SALES.

Also good luck if you hang in there with TNXI. I will continue to watch and if it moves then consider coming back in.

Happy Holidays

[runner426]

johnson with his EBITDA - give me a break - how about some revenues that what really counts.

[pro-trader]

The Company disclosed on December 20, 2010 that its current operating target for adjusted EBITDA for fiscal 2011 is in the range of $2.2 to $3.0 million.

Adjusted EBITDA is a non-GAAP financial measure. Management believes certain non-GAAP measures provide relevant and meaningful measures by which investors can evaluate the business. EBITDA is defined as earnings or loss before interest, income taxes, depreciation and amortization, and the company defines Adjusted EBITDA as EBITDA adjusted for non-cash items including stock-based and warrant compensation, charges related to changes in fair market value of warrant and beneficial conversion feature liabilities, as well as the Company’s recent recapitalization.

The projected Adjusted EBITDA is a “forward-looking statements” within the meaning of applicable federal securities laws, and is inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the Securities and Exchange Commission could materially and adversely affect our business, operating results and financial condition. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

The information contained in this Item 7.01 shall not be deemed "filed" with the Securities and Exchange Commission nor incorporated by reference in any other filing.
http://ih.advfn.com/p.php?pid=nmona&article=45771304

[runner426]

FCF hales makes alot of money on a little move. when you own millions of shares.... well you get the picture.

[FCF12]

I think you're right, though Johnson ended up boxing himself in with that refi. Like you mentioned the growth has not materialized. If so then the debt could have been managed or eliminated w/o the need for the mega millions of shares to Hale or the need to reverse this stock. Not sure about the revenue g for this co. Would like to have seen an interest by another co. Maybe Hale has something up his sleeve to move this who knows.

[runner426]

FCF i don't blame ya - i have also dumped all but a few shares. why i'm even holding them i don't know. i owned quite a bit of this and really believed. we've suffered enough. johnson is a puppet at this point - its obvious hale has his own interests.

[pro-trader]

good luck you unloaded shares of tnxi, means you will be missed on the board GLTU

[FCF12]

Runner you are right its dumping..I unloaded a bunch today....Tired of the do-nothing management running Telanetix and this stock performance has been a total joke......You and I both took away from this CEO a bullish outlook for this past year. CEO receives a big F. This is a company that seemingly has a product competitively priced enough to make substantial inroads to the VOIP business market. Especially in such economic times. The growth has not happened and the lack of communication from this CEO is obsurd. Also this talk of a reverse split is just BS...Who knows how big that will be. Generally this will benefit a few. Hale right now has to be losing money on this so we'll see what happens to turn this upward. So I'll see if anything improves on the balance of my holdings and hope so.

Other portfolio doing ok especially biotech so holding there.

All My Opinion of course.

[pro-trader]

and this is what I call manipulation of MM playing games
suddenly 1500 shares gets sold at 0.035 to drop us 12% after being up 5%

[runner426]

i just don't know anymore with this stock -

[pro-trader]

if it was dumping, or selling the pps should of tanked by now, instead we are green up 5%