VocalTec Communications Ltd. (Nasdaq: VOCL) (the “Company”
or “VocalTec”), a
global provider of carrier-class multimedia and voice-over-IP solutions
for communication service providers, today reported results for the
first half ended June 30, 2008.
Revenues for the first half of 2008 were $3.2 million. Gross margin,
excluding the effect of amortization of intangible assets, was 55% in
the first half of 2008.
Operating expenses for the first half of 2008 were $5.2 million,
including $2.1 million for research and development and $1.7 million for
sales and marketing. Excluding the effect of share-based compensation
expense and amortization of intangible assets, operating expenses in the
first six months of 2008 were $4.4 million.
Net loss for the first six months of 2008 was $3.8 million, or $0.51 per
share. Excluding the effect of share-based compensation expense and
amortization of intangible assets, net loss for the first six months of
2008 was $2.8 million, or $0.38 per share.
As of June 30, 2008, the Company had cash and cash equivalents in the
amount of $2.0 million. The cash position reported as of June 30 does
not include the proceeds received on July 18, 2008 from the sale of 11
patents, as announced in a press release on July 21, 2008.
About VocalTec
VocalTec Communications (Nasdaq: VOCL) is a global provider of
carrier-class multimedia and voice-over-IP solutions for communication
service providers. A pioneer in VoIP technology since 1994, VocalTec
provides proven trunking, peering and residential/enterprise VoIP
application solutions that enable flexible deployment of next-generation
networks (NGNs). Partnering with prominent system integrators and
equipment manufacturers, VocalTec serves an installed base of dozens of
leading carriers including Deutsche Telekom , Telecom Italia San Marino
and Mobifon. VocalTec is led by a management team comprised of respected
industry veterans.
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