Net2phone Reports Revenue of $20.3 Million

Net2phone reported quarterly revenue of $20.3 million, as compared with $21.1 million from the prior quarter, and $20.4 million the same quarter last year. Gross margin of 42% for the quarter. Net loss for the quarter was ($8.2) million compared to a net loss of ($6.3) million in the prior quarter and net income of $5.1 million last year.



Last month, Net2Phone announced multi-year production VoIP agreements with Bresnan Communications, Millennium Digital Media, Coditel Belgium, Coditel Luxembourg and EST Videocommunication, representing more than 1,300,000 homes in their franchises. These operators expect to launch outsourced VoIP service in their markets within the next several months. http://www.net2phone.com