Fusion Telecommunications (FSNN) Misses Q1 EPS by 4c

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Go back to Fusion Telecommunications (FSNN) Misses Q1 EPS by 4c

Fusion Reports First Quarter 2015 Results

May 15, 2015 8:45 AM EDT

NEW YORK, NY -- (Marketwired) -- 05/15/15 -- Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced financial results for the first quarter of 2015.

First Quarter Highlights

Achieved consolidated sales of $25.3 million, up approximately 10% year over year, and Adjusted EBITDA (a non-GAAP measure) of $2.5 million versus $3.1 million during Q1 2014, reflecting continued investment in Fusion's infrastructure, service delivery and sales distribution platformsConsolidated gross margin of 44.5% in Q1 2015 as compared to 46.6% in Q1 2014, driven primarily by a... More