Businessweek

Fusion Telecommunications International, Inc. announced un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $16.2 million, an increase of $4.6 million, or 40.2%, from $11.5 million in the first quarter of 2012. Net loss applicable to common stockholders was $1.7 million, or $0.01 per basic and diluted share, as compared to $0.9 million and $0.01 per basic and diluted share in the same period of a year ago. The net loss in the first quarter of 2013 includes interest on senior debt of $0.5 million and amortization of intangibles acquired in the NBS transaction of $0.6 million, with no comparable amounts present in 2012. Adjusted EBITDA was $0.2 million, as compared to an adjusted EBITDA loss of $0.6 million in the first quarter of 2012, with the improvement being attributable to the inclusion of NBS' results in the first quarter of 2013. The company reported operating loss of $0.7 million compared to $0.7 million for the last year.

Fusion Telecommunications International, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported consolidated revenues of $12,573,404 for the quarter ended December 31, 2012, an increase of $1,000,000, or 8.7%, from $11,572,078 for the fourth quarter of 2011. Operating loss was $1,542,046 against $822,684 a year ago. Loss from continuing operations was $1,593,121 or $0.01 per basic and diluted per common share against $918,833 or $0.01 per basic and diluted per common share a year ago. Net loss for the fourth quarter was $1,653,227 or $0.01 per basic and diluted per common share, as compared to $1,016,369 or $0.01 per basic and diluted per common share in the same period of a year ago. The net loss in the fourth quarter of 2012 includes interest on senior debt of $300,000 and amortization of intangibles acquired in the NBS transaction of $400,000, with no comparable amounts present in 2011. LBITDA was $329,535 against $716,363 a year ago. Adjusted LBITDA was $634,059 against $890,242 a year ago. For the year, the company reported consolidated revenues of $44,287,509 for the year ended December 31, 2012, as compared to $42,350,640 for the year ended December 31, 2011, an increase of 4.6%. Operating loss was $4,812,618 against $4,309,564 a year ago. Loss from continuing operations was $5,248,589 or $0.03 per basic and diluted per common share against $4,464,428 or $0.03 per basic and diluted per common share a year ago. Net loss for the year ended December 31, 2012 was $5,610,844 or $0.03 per basic and diluted per common share, as compared to $4,924,880 or $0.03 per basic and diluted per common share during the previous year. LBITDA was $3,302,879 against $3,694,700 a year ago. Adjusted LBITDA was $3,434,878 against $3,771,974 a year ago.

Fusion Telecommunications International, Inc., which has acquired NBS, is looking for acquisitions. Fusion's Chief Executive Officer, Matthew Rosen said, “Now that the acquisition is complete, we are leveraging the advanced, proprietary NBS cloud communications platform and robust and complementary network infrastructure and support systems to facilitate our ability to grow both organically and through targeted acquisitions”.

Fusion Telecommunications International, Inc. filed its 10-K on Apr 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, Rothstein, Kass & Company, P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Fusion Telecommunications International, Inc. Presents at 14th Annual B. Riley & Company Investor Conference, May-20-2013 04:30 PM. Venue: Loews Santa Monica Beach Hotel, 1700 Ocean Avenue, Santa Monica, CA 90401, United States. Speakers: Matthew D. Rosen, Chief Executive Officer and Director.