Online fax services company, eFax announced today that it is expanding its presence in Japan by adding new cities and local online fax numbers, the launch of a Japanese language website and Japanese-speaking customer service/sales teams, and a local office. eFax is already available in Tokyo and Osaka but this expansion will make the service available to more cities in Japan.
Scott Turicchi, president of j2 Global (Efax parent company), will present at three investor conferences in June 2010:
On June 9, 2010, Mr. Turicchi is scheduled to speak at 11:30 am EDT at the RBC Capital Markets Technology, Media & Communications Conference Hilton New York, NY. A Webcast can be found at: http://www.wsw.com/webcast/rbc121/jcom
On June 10, 2010, Mr. Turicchi will present at the UBS Global Technology and Services Conference Crown Plaza Times Square, NY. He is scheduled to present at 4:30 pm EDT. A Webcast is found at: http://cc.talkpoint.com/ubsx001/060810a_cy/?entity=50_MBM7ESO
Finally, on June 23, 2010, NASDAQ OMX 24th Investor Program at The Andaz Hotel in London. Presentation scheduled for 2:00 pm BDT. The Webcast can be found at: http://cc.talkpoint.com/ubsx001/060810a_cy/?entity=50_MBM7ESO
This year’s Jefferies Global Internet Conference, scheduled for May 10-12, 2010, will include a presentation by Scott Turicchi, president of j2 Global. J2 Global is the parent company of Efax. Mr. Turicchi will present at:
Jefferies Sixth Annual Global Internet Conference at the Four Seasons Hotel, NY, NY on Tuesday, May 11, 11:30am EDT. A Webcast of his presentation will be available at: http://www.wsw.com/webcast/jeff44/jcom/.
J2 Communications, Efax’s parent company, distributed financial results for the first quarter ended March 31, 2010 today. The first quarter report also included that the online fax services company’s board of directors has approved a two year up to 10 million share repurchase program and that it has acquired mostly all of the assets of FuseMail, LLC, an outsourced email provider.
Total revenues for Q1 2010 were $60.3 million compared to $60.4 million in Q1 2009.
Subscriber revenues for Q1 2010 were $59.5 million compared to $59.6 million in Q1 2009.
During Q1 2010, the Company improved its gross margin to 83.0% from 81.1% in Q1 2009 and experienced operating margins of 40.6% compared to 43.8% in Q1 2009 due to planned increases in sales and marketing initiatives.
Net earnings per diluted share on a Non-GAAP basis, which excludes share based compensation and certain acquisition costs, for Q1 2010 was $0.44 compared to $0.45 in Q1 2009. GAAP net earnings per diluted share for Q1 2010 was $0.39 compared to $0.42 for Q1 2009.
Free cash flows for Q1 2010 were $34.2 million, or 57% of revenues, an increase of 13% over Q1 2009. Additionally, total deferred revenues for Q1 2010 were $12.6 million, an increase of $1.2 million over the prior quarter.
The online fax services company ended the quarter with $264.4 million in cash and investments.
Efax’s parent company, j2 Communications, is hosting a conference call for the public, members of the press, the financial community, stockholders and other interested parties. A live audio Webcast of its First Quarter 2010 earnings conference call will be held at 5 p.m. Eastern Time on May 4, 2010.
Hemi Zucker, chief executive officer, Scott Turicchi, president, and Kathy Griggs, chief financial officer, will host the call. If you are interested in participating or would like to submit questions, contact Scott Turicchi at investor@j2global.com. The live Webcast, the conference call, and presentation materials will also be archived at www.j2global.com.
Efax announced today it acquired the unified messaging and communications business of Australian-based mBox Pty, Ltd. The online fax services company expanded its customer base in Australia, New Zealand and Singapore with this acquisition. In addition, the transaction has also allowed the company to increase its network of local telephone numbers in these countries.
eFax announced today that the eFax integrated application is available on the Google Apps Marketplace, Google’s recently launched online storefront for Google Apps products and services.
Domain administrators of Gmail hosted services can now assign and manage eFax accounts directly from the Google Apps Marketplace. What does this mean exactly? It means that it is even easier for domain administrators to setup eFax accounts for onsite staff, remote offices, and mobile users. With eFax, team members can send and receive faxes, including hand-notated documents such as contracts and agreements, from their desktops, laptops, or mobile devices.
One of the benefits of eFax is faxes can be sent and received via email in a wide range of formats, including PDF and TIFF. Another is documents can be stored online for up to two years, and can be tagged and searched for archival or reference. Typing in a file name, hitting search, and letting your computer do the legwork is a lot better than standing knee-deep in file folders trying to search for that document from 2 years ago.
j2 Global Communications, eFax’s parent company, reported today financial results for the fourth quarter and year ended December 31, 2009.
Subscriber revenues for Q4 2009 increased 1% to $60.2 million. Total revenues for Q4 2009 increased 0.5% to $60.9 million.
Net earnings per diluted share on a Non-GAAP basis, which excludes share based compensation, impairment of auction rate and related securities, gain on sale of investments and disposal of long lived asset, was $0.45 for Q4 2009 compared to $0.49 for Q4 2008. GAAP net earning per diluted share for Q4 2009 was $0.39 compared to $0.45 for Q4 2008.
The Company ended the year with approximately $244 million in cash and investments compared to $162 million as of December 31, 2008.
The full press release is available here.
eFax launched a series of podcasts featuring interviews with business professionals who rely on their services to help other small business owners understand how they too can use eFax in their day to day lives.
The podcasts feature professionals from magician Rob Lake to web pioneer Aliza Sherman who all believe they can’t live without the service.
The eFax Solutions podcasts are online at www.efax.com/podcasts. iTunes users can subscribe to the eFax Solutions channel by going to the iTunes Store and typing “eFax” in the “Search Store” box.
eFax’s parent company j2 Global Communications acquired Quexion, TrustFax, and a United Kingdom company. This purchase will help J2, which is based out of Los Angeles, to grow its email, fax, and voice businesses. Efax is currently available in 3,500 cities in 46 countries and it will be interesting to see what these acquisitions will do for the company.