Z-Tel Technologies Reports Revenue and Customer Growth

Z-Tel Technologies, a CLEC based in Tampa, Florida, reported Q1 revenue of $60.3 million, versus $57.3 million for the first quarter of 2002. The company reported EBITDA (earnings before interest, taxes, depreciation and amortization) of $2.7 million for the first quarter of 2003, its fourth consecutive quarter of positive EBITDA. Net loss for the first quarter was $3.1 million, or $0.09 per share. As of 31-March-2003, Z-Tel reported approximately 244,000 active retail lines in service, up from just over 200,000 at the end of 2002. The company credited an aggressive advertising campaign for the increase in customers, as well as its Personal Voice Assistant service, a voice-activated calling and emailing feature that Z-Tel offers at no additional charge to its residential customers and that is not currently available to consumers from any other local services provider. Trey Davis, Z-Tel's CFO, said the competitive landscape is changing, with many providers now offering flat rate, unlimited local and long distance usage packages similar to Z-Tel's bundles. Z-Tel said its key differentiator would continue to be value-added services, such as voice-activated access to an online address book from any phone.
http://www.z-tel.com