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
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.
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.
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.
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.
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.
Today, j2 Global Communications, parent company of eFax, released third quarter 2008 financial results.
Subscriber revenues for Q3 2008 increased 12% to $60.5 million. Total revenues for Q3 2008 increased 11% to $61.6 million. Net earnings per diluted share for Q3 2008 increased 20% to $0.42.
During Q3 2008, the Company increased its gross and operating margins to 81.0% and 40.9%, respectively, from 80.0% and 38.2%, respectively, in Q3 2007.
eFax’s parent company, j2 Global Communications, released second quarter 2008 results today. They report that subscriber revenues for Q2 2008 increased 13% to $59.5 million.
In addition, total revenues in Q2 2008 increased 12% to $60.7 million. Net earnings per diluted share for Q2 2008 increased 12% to $0.37.
The Company achieved record Q2 free cash flow for the quarter of $23.0 million.
Faxage reported today that the company has had over 200% growth for the first half of 2008 compared to the first half of 2007. The online fax service company has been rapidly expanding its network capacity and rolling their service out to new markets. Faxage currently expanded into 9 new markets, supporting in total 43 major metropolitan markets throughout the United States.