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TelVue total revenues $6.4 million

Staff writer ▼ | June 23, 2014
TelVue Corporation reported its financial results of operations and net income for its fiscal year ended December 31, 2013. Total revenues were $6.4 million, up 43% from 2012.
TelVue
TelVueTelVue Corporation reported its financial results of operations and net income for its fiscal year ended December 31, 2013. Total revenues were $6.4 million, up 43% from 2012.


This topline growth included a 55% increase in equipment, an 80% increase in cloudLbased services, and a 40% increase in support revenues, as well as an 11% decline in revenues from legacy and other services.

Overall gross profit margin on 2013 revenues increased to $3.5 million (or 56% of sales) from $2.1 million (48% of sales) in 2012. The 2013 net loss available to common stockholders shrank from ($ 4.1 million) in 2012 to ($ 0.4 million), while cash flow provided by operations swung from a 2012 deficit of $ 3.8 million to a surplus of $0.4 million in 2013.


 

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