eFax Messenger, the free Internet fax application that eFax bundles with all of their subscriptions, is now compatible with all current Microsoft OS versions. The new OS versions now make eFax Messenger available for Microsoft Windows 7 32-bit, 64-bit, and Vista 64-bit operating systems, as well as Mac 32-bit operating systems.
Today, eFax announced that in the last two months, eFax has seen an increase in the size of its global network by 6%, or 170 cities. The online fax provider proudly reported in its Q3 results that its global geographic coverage now spans 3,500 cities in 46 countries, a 72% increase in geographic coverage in the last three years. As eFax continues to grow, it is becoming apparant that they want to be the one-stop shop for SOHOs (small office, home office) around the globe.
j2 Global Communications, eFax’s parent company, today reported financial results for the third quarter ended September 30, 2009.
Subscriber revenues for Q3 2009 increased to $61.0 million compared to $60.5 million in Q3 2008. Total revenues for Q3 2009 increased to $61.8 million compared to $61.6 million in Q3 2008.
Net earnings per diluted share for Q3 2009 increased to $0.43 compared to $0.42 in Q3 2008. Free cash flows for Q3 2009 increased 74% to $26.1 million compared to $15.0 million in Q3 2008.
The Company ended the quarter with approximately $222.5 million in cash and investments.
According to j2, the company continued to improve margins while maintaining modest growth, even in this difficult economy.
The full press release is available here.
The internet fax company today announced a podcast channel that will feature engaging interviews with individuals who use the eFax online fax service
eFax announces their eFax Solutions podcast on iTunes with interviews with individuals who use the service for business or personal use. The podcasts, featuring interviews with small business owners and celebrities, will cover topics like business trends and personal tips on how to get the most out of the service.
The online fax service touts their commitment to helping small businesses around the world work more efficiently with an increased environmental consciousness. That’s why the podcast channel kicks off with Colleen Connery, president of CoCo & Associates, a San Diego, Ca.-based advertising and creative agency. CoCo & Associates is committed to an environmentally-friendly approach to business and credits eFax with helping reduce the agency’s paper usage, while lowering energy costs.
Online fax provider, eFax, announced today that its geographic coverage has grown approximately 62% in the last three years. Its global network now reaches over 3,300 cities in 46 countries. In addition, j2 Global, eFax’s parent company, recently reported record revenues for Q2 2009. The increase in popularity of online fax services over traditional fax products has significantly changed the face of this business.
eFax parent company, j2 Global Communications, today reported financial results for the second quarter ended June 30, 2009.
Total revenues for Q2 2009 increased 3% to $62.5 million. Subscriber revenues for Q2 2009 increased 3% to $61 million.
During Q2 2009, the Company improved its gross margin to 81.4% from 80.7% in Q2 2008 and its operating margin to 44.1% from 39.7% in Q2 2008.
Net earnings per diluted share on a Non-GAAP basis, which excludes share based compensation and a Q2 2009 impairment of auction rate and related securities, for Q2 2009 increased 20% to $0.48 compared to $0.40 in Q2 2008.
During Q2 2009, the Company recorded a non-recurring pre-tax impairment charge on auction rate and related securities of $9.2 million. This reduced net earnings and net earnings per diluted share by approximately $8.4 million and $0.19 net of tax, respectively. As a result, GAAP earnings were $11.1 million and $16.7 million for Q2 2009 and Q2 2008 respectively. GAAP net earnings per diluted share were $0.25 and $0.37 for Q2 2009 and Q2 2008, respectively.
The full press release is available here.
eFax parent company, j2 Global Communications, today reported financial results for the first quarter ended March 31, 2009.
Subscriber revenues for Q1 2009 increased 4% to $59.6 million compared. Total revenues for Q1 2009 increased 3% to $60.4 million. Net earnings per diluted share for Q1 2009 increased 20% to $0.42.
During Q1 2009, the Company improved its gross margins to 81.1% from 80.2% in Q1 2008 and its operating margins to 43.8% from 38.4% in Q1 2008. The Company achieved record quarterly free cash flow of $30.4 million.
The full press release is available here.
San Francisco-based provider of Internet and mobile based unified communications solutions, CallWave, Inc., was acquired by eFax parent company, j2 Global Communications, Inc. for an undisclosed amount. The purchase not only includes CallWave’s subscriber base, but more importantly came with two issued fax-related U.S. patents and six pending U.S. and foreign fax-related patent applications.
j2 Global Communications, parent company of eFax, released fourth quarter and year ended December 31, 2008 results today.
Subscriber revenues for fiscal year 2008 increased 12% to $237 million. Total revenues for fiscal year 2008 increased 9% to $242 million.
The Company ended the year with approximately $162 million in cash and investments as compared to $230 million as of December 31, 2007. Fiscal year 2008 year-end cash and investments reflect approximately $151 million of cash utilized during 2008 to complete j2′s 5,000,000 share repurchase program and four acquisitions.
J2’s chief executive officer, Hemi Zucker attributes their success to improved margins through cost containment, revenue growth, and stock repurchases and acquisitions.
The full press release is available here.
The US Patent and Trademark Office (PTO) has confirmed the validity of two patents covering aspects of j2 Global’s (eFax’s parent company) core technologies. Patent No. 6,208,638, entitled “Method And Apparatus For Transmission and Retrieval of Facsimile and Audio Messages Over a Circuit or Packet Switched Network,” covers aspects of the Company’s core inbound fax/voice to email technology. Patent No. 6,597,688, entitled “Scalable Architecture for Transmission of Messages over a Network,” covers aspects of the Company’s core outbound fax technology. The PTO has issued official Reexamination Certificates for both patents, concluding these reexaminations.
J2 Global has been fighting to protect their intellectual property from alleged infringement by others in their space and this reexamination is a nod in their direction. The Company has pending suits against Captaris, Inc., a subsidiary of Opentext (NASDAQ: OPTX), EasyLink Services International Corporation (NASDAQ: ESIC), Protus, Inc., Venali, Inc. and others.
In addition, the U.S. District Court for the Central District of California has granted j2 Global’s motion for summary judgment in Venali’s antitrust counterclaim against j2 Global and denying Venali’s motion for attorneys’ fees. Venali brought this counterclaim in response to one of the two lawsuits filed by j2 against Venali for infringement of several U.S. patents.