Onstream Media (ONSM) Guides Q411 Revs; Sees Revord High Revs for Infinite Conferencing Division
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Financial Fact:
Interest expense: -261.58K
Today's EPS Names:
XYF, SQZB, RENO, More
Financial Fact:
Interest expense: -261.58K
Today's EPS Names:
XYF, SQZB, RENO, More
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Onstream Media Corporation (Nasdaq: ONSM), sees fourth-quarter revs of $17.7 million, up 6 percent from the same period last year.
In addition to records set for consolidated revenues, Onstream also expects to report a new record high for revenues from its Infinite Conferencing division in the fourth quarter of fiscal 2011, of approximately $2.0 million. During the fourth quarter of fiscal 2011, Infinite also accomplished its first month ever in excess of 10 million minutes, which month in turn contained a single day record of almost 700,000 minutes.
n addition to record fiscal year and fourth quarter 2011 revenues, Onstream also expects to report record cash flow from operating activities (before changes in current assets and liabilities) for the fiscal year ended September 30, 2011. This represents the first time in Onstream's history that it has reported positive cash flow from operating activities (before changes in current assets and liabilities) for an entire fiscal year.
In addition to records set for consolidated revenues, Onstream also expects to report a new record high for revenues from its Infinite Conferencing division in the fourth quarter of fiscal 2011, of approximately $2.0 million. During the fourth quarter of fiscal 2011, Infinite also accomplished its first month ever in excess of 10 million minutes, which month in turn contained a single day record of almost 700,000 minutes.
n addition to record fiscal year and fourth quarter 2011 revenues, Onstream also expects to report record cash flow from operating activities (before changes in current assets and liabilities) for the fiscal year ended September 30, 2011. This represents the first time in Onstream's history that it has reported positive cash flow from operating activities (before changes in current assets and liabilities) for an entire fiscal year.
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