here's why
August 2, 2007 - 3:02 PM EST
PRIMUS Telecommunications Reports Second Quarter 2007 Financial Results
PRIMUS Telecommunications Group, Incorporated (OTCBB:PRTL), an integrated communications services provider, today announced its results for the quarter ended June 30, 2007.
Second Quarter 2007 Highlights:
$227 Million Net Revenue
$16 Million Adjusted EBITDA
$8 Million Income from Operations
$113 Million Cash Balance at Quarter End ($105 Million Unrestricted) Excludes Net Proceeds of $19 Million Equity Issuance in July
PRIMUS reported second quarter 2007 net revenue of $227 million, consistent with the prior quarter and down from $250 million in the second quarter 2006. The Company reported net income for the quarter of $6 million, compared to a net loss of ($3) million in the prior quarter and a net loss
