Primus is a big International LD company. That is how it began in 1994.
Check out the Primus Wireless plan. Cellular and VOIP are based in
International exchanges.
Primus has short term debt of $26M; long term is $635M.
About to be de-listed from Nasdaq.
Net loss for the fourth quarter 2005 was ($25) million (including a $13
million net loss from foreign currency transactions, a $4 million gain
on early extinguishment of debt and $1 million in severance expense).
Revenue growth was in wireless (MVNO), Covad re-sale, and International
markets.
Retail VOIP services grew modestly in the quarter to approximately
104,000 customers. This growth level reflects the fact that the Company
continued to moderate its investment in LINGO in part due to the
disruption in marketing activities raised by E911 regulations. Revenue
from retail VOIP customers reached $8 million during the fourth quarter.
John Scrivner wrote:
Primus tells me they are more than a VOIP company and that they do
make money. They impressed me in my dealings with them. Can you share
more about your information about Primus? I have a big interest in
knowing anything I can about them right now.
Thanks,
Scriv
Peter R. wrote:
You haven't seen it yet, because Lingo is not profitable yet.
Primus owns Lingo and Primus is basically an International VOIP company.
Like so many VOIP Providers, they are still trying to figure out how
to make a profit.
Delta3 (which is the backend for VZ's VoiceWing) made $9.1M in
revenue in 4Q05 and just $22k in income.
Vonage has a customer acquisition cost that is 20 times their MRC.
Regards,
Peter
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