What a business model, 55% margins
The $14 million debt reduction and the strategic switch to mobile VoIP applications development has delayed the company from generating the type of returns that shareholders are expecting and need for the share price to begin moving higher consistently.
Forget the past, it is what it is. Taking a snap shot of the company today, I really like what I see with the Android mobile app having over 150,000 downloads and tens of thousands of paying customer generating a recurring revenue base for years to come.
The iphone App which has much more potential for fast adoption is about to be released in the next few days and will easily double the number of paying customers very quickly. The debt reduction is nearly done with the CD conversions and as revenue increases this year, I am looking for a new round of traditional financing that will allow the company to expand marketing which has been mostly by word of mouth, due to lack of funds.
VoX really does have a superior VoIP product in their mobile app and the VoIP network that carries that traffic. Most App that you see on Google and Apple store are free and have no real means of monetizing except for a little advertising etc. VoX makes their money after a customer downloads the free mobile app and selections one of the many voice and video packages for domestic or international calling including the popular and newly released Pay & Go which allows customers to only pay for what they use.
The company is going to make a lot of money in the next few years with a superior communications product that generates 55% margins due in part to a completely automated back end service that has been developed in the past few years. The technology investment has been mostly done with the release of the Android and Apple mobile apps, now as revenue grows the company can finally spend on marketing which is all that is needed to make this puppy run.
