Telehop Communications Inc. Appoints Inderjit Saini as CFO; Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fiscal 2014 and 2015
The company announced unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported revenue was $4,733,743 against $2,134,518 a year ago, due to the acquisitions of the new businesses in the first quarter and the second quarter along with growth in the wireless divisions. EBITDA was $125,496 against $103,511 a year ago. Net loss was $105,014 against income of $51,155 a year ago. Basic loss per share was $0.003 against income of $0.002 a year ago. The company maintained a stable cash position of approximately $1.8 million.
The company looks forward to a strong close for 2014 and growth in 2015.