InvestorsHub Logo
Followers 44
Posts 7057
Boards Moderated 3
Alias Born 11/27/2006

Re: None

Tuesday, 05/29/2012 9:17:07 AM

Tuesday, May 29, 2012 9:17:07 AM

Post# of 468
Axesstel reports Q1 net income
4 hours 2 minutes ago - Datamonitor via Comtex
Axesstel Inc, a provider of fixed wireless voice and broadband services, has reported that group net income for the first quarter ended March 31, 2012 was $472,268, or $0.02 per share, compared to a net loss of $538,753, or $0.02 loss per share, for the first quarter ended March 31, 2011.

Revenues for the first quarter ended March 31, 2012 were $12.03 million, compared to $12.64 million for the first quarter ended March 31, 2011.

Operating income for the first quarter ended March 31, 2012 were $860,919, compared to an operating loss of $209,802 for the first quarter ended March 31, 2011.

"The first quarter of 2012 marks our third consecutive quarter of profitability since completing the transition of our business in mid-2011," said Clark Hickock, CEO of Axesstel.

"The results of that transition were evident this quarter with a swing in profitability of more than $1.0 million compared to the same period last year, despite slightly lower revenues."


===========================================================

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.