Fusion Telecommunications (FSNN) Reports Q4 Loss of $0.26/Share

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Go back to Fusion Telecommunications (FSNN) Reports Q4 Loss of $0.26/Share

Fusion Reports Fourth Quarter and Full Year 2016 Financial Results

March 20, 2017 9:05 AM EDT

NEW YORK, NY -- (Marketwired) -- 03/20/17 -- Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced financial results for its fourth quarter and full year ended December 31, 2016.

Fourth Quarter 2016 Highlights

Consolidated revenue grew 8% to $28.9 million, compared to $26.8 million in Q4 2015, driven by a 41% increase in Business Services segment revenue to $24.2 millionConsolidated gross margin increased 850 basis points to 51.2%, compared to 42.7% in Q4 2015Adjusted EBITDA (a non-GAAP... More