Impressive Results From Inteliquent Inc (NASDAQ:IQNT)

Posted by Chris Bell February 28, 2014 0 Comment 758 views

Inteliquent Inc (NASDAQ:IQNT), the mid capped wireless communications provider saw its market valuation vault upwards on the back of blockbuster fourth quarter and full year results which it reported yesterday before markets opened. The firm’s revenue for the fourth quarter came in at $50.2 million which was slightly above the $49.5 million it had reported in 4Q12. Net income for the fourth quarter came in at $8.8 million, which was well above the huge $85 million loss the firm had carried on to its books in 4Q12.

4Q and Full Year Highlights

 The huge loss in 4Q12 was also related to the firm accounting for impairment charges to the tune of $85.8 million. Earnings before tax was $18 million which was well above the $14.2 million it had recorded during 4Q12. Cash flow generated by this $450 million market capped firm in the fourth quarter was $15.4 million, which was almost 50 percent more than its 4Q12 cash flow. Another big highlight of the conference call was the stagnant billed minutes numbers. In 4Q the number of minutes billed came in at 30.4 billion, which was slightly less than 31.9 billion in 4Q12.

Strong 2014 Guidance

The firm hopes for bringing in revenue in the range of $200 to $210 million from its full year operations in 2014. Earnings before tax are expected to be in the range of $61 to $66 million, while its working expenditure is slated to come in at $11 million for the full year. Commenting about the successful end to the full year 2013 operations, Inteliquent Inc (NASDAQ:IQNT) Chief Executive Officer, Ed Evans has been quoted to have said that, “We are very pleased with our strong results for the fourth quarter. During the quarter, we continued to see growth from our sales pipeline and we continue to focus on cost management. The results of the fourth quarter reflect the improved operating performance of our voice business.”

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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