Fusion Telecommunications (FSNN) Posts Q3 GAAP Loss of 72c/Share

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Fusion Reports Third Quarter 2015 Results

November 16, 2015 8:45 AM EST

NEW YORK, NY -- (Marketwired) -- 11/16/15 -- Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced its financial results for the third quarter ended September 30, 2015.

Third Quarter Highlights

Consolidated revenues increased 9% year over year to $24.5 millionBusiness Services segment revenue increased 7% year over year to $16.3 million, and demonstrated nearly 2% organic growth over the second quarter of 2015Ended the quarter with $199 thousand in Business Services monthly recurring revenue (MRR) in backlog, representing $7.0 million in total contract... More