Last $3.33 USD
Change Today -0.04 / -1.19%
Volume 6.3K
FSNN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

fusion telecommunications in (FSNN) Snapshot

Open
$3.43
Previous Close
$3.37
Day High
$3.43
Day Low
$3.33
52 Week High
01/6/14 - $7.75
52 Week Low
05/13/14 - $2.50
Market Cap
21.6M
Average Volume 10 Days
15.1K
EPS TTM
$-0.91
Shares Outstanding
6.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FUSION TELECOMMUNICATIONS IN (FSNN)

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fusion telecommunications in (FSNN) Details

Fusion Telecommunications International, Inc., together with its subsidiaries, provides cloud communications, cloud connectivity, and managed cloud-based applications solutions to small, medium, and large businesses worldwide. It also offers voice services to communications carriers. The company operates through two segments, Business Services and Carrier Services. The Business Services segment offers cloud-based applications, such as storage, security, and business continuity. It offers cloud voice and unified communications, which enhance communication and collaboration on virtually any device and anywhere; cloud connectivity services that connect customers to the cloud with managed network solutions; cloud trunking solution, which allows a customer to retain and use its existing telephone system; and cloud computing and infrastructure as a service solutions that are designed to provide enterprise customers with a platform on which additional cloud services can be built. This segment also provides software as a service based solutions, including cloud-based storage, cloud security, and disaster recovery. The Carrier Services segment offers voice termination primarily through voice over Internet protocol technology; Internet access or private line services; and co-location services for carriers. This segment interconnects to approximately 270 carrier customers and vendors; and sells voice services to other communications service providers, including the U.S.-based carriers sending voice traffic to international destinations, and foreign carriers sending voice traffic to the U.S. and internationally. The company markets and sells services primarily through direct sales force, sales agents, and partners. It has a strategic partnership with Unisys. Fusion Telecommunications International, Inc. was founded in 1997 and is headquartered in New York, New York.

193 Employees
Last Reported Date: 03/31/14
Founded in 1997

fusion telecommunications in (FSNN) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $912.5K
President, Chief Operating Officer and Acting...
Total Annual Compensation: $310.0K
President of Business Services
Total Annual Compensation: $235.0K
Executive Vice President of Marketing & Busin...
Total Annual Compensation: $167.2K
Compensation as of Fiscal Year 2013.

fusion telecommunications in (FSNN) Key Developments

Fusion Telecommunications International, Inc. Approves Amendment to the Certificate of Incorporation

Fusion Telecommunications International, Inc. announced that its shareholders at the Annual Meeting held on November 21, 2014 approved to amend the company's Certificate of Incorporation to increase the number of authorized shares of common stock of the company to 50,000,000.

Fusion Telecommunications International, Inc. Ratifies the Engagement of EisnerAmper LLP as Independent Registered Public Accountant

Fusion Telecommunications International, Inc. announced that its shareholders at the Annual General Meeting held on November 21, 2014 ratified the engagement of EisnerAmper LLP to act as the company's Independent Registered Public Accountant for the year ending December 31, 2014.

Fusion Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Fusion announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported consolidated revenues of $22.5 million for the quarter ended September 30, 2014, which represents an increase of $7.7 million, or 51.8%, over the $14.8 million reported for the third quarter of 2013. For the third quarter of 2014, the company reported net income of $309,923, or $0.19 per share on a fully diluted basis, as compared to a net loss of $2,192,104, or $0.52 per share on a fully diluted basis, for the third quarter of 2013. The difference was largely attributable to a $2.4 million non-cash gain resulting from the change in fair value of the Company's derivative liabilities. For the third quarter of 2014, the Company reported Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and specific non-recurring and non-cash adjustments), a non-GAAP metric that is used widely in the industry for comparative purposes, of $2.4 million, as compared to the third quarter 2013 Adjusted EBITDA of $0.7 million. Operating loss was $793,752 against $366,027 a year ago. Income before income taxes was $162,582 against loss before income taxes of $2,192,104 a year ago. Net loss applicable to common stockholders was $123,049 against $2,293,555 a year ago. The company reported consolidated revenues of $68.5 million for the nine months ended September 30, 2014, which represents an increase of $23.3 million, or 51.6%, over the $45.2 million reported for the same period of a year ago. The company reported a net loss of $717,233, or $0.57 per share on a fully diluted basis, for the first nine months of 2014, as compared to a net loss of $2,102,611, or $0.61 per share on a fully diluted basis, for the same period in 2013. The difference was largely attributable to a $4.3 million non-cash gain resulting from a change in fair value of the Company's derivative liabilities and a $1.2 million decrease in operating loss, partially offset by the absence of a $2.9 million gain on the extinguishment of debt in 2013 not present in 2014 and an increase in interest expense in 2014. For the nine months ended September 30, 2014, the Company reported Adjusted EBITDA of $8.5 million, as compared to Adjusted EBITDA of $1.5 million for the nine months ended September 30, 2013. Operating loss was $534,783 against $1,748,503 a year ago. Loss before income taxes was $691,496 against $2,102,611 a year ago. Net loss applicable to common stockholders was $2,035,487 against $2,403,657 a year ago.

 

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