Voiceserve Inc. is a low-cost, next-generation internet telephony software and service provider. The company’s products include VoipSwitch, a custom modular all-in-one Voice over Internet Protocol (VoIP) management platform licensing solution for resellers, VoIP airtime minutes bundled with optional convenient features, along with mobile software and video technologies.
The company today reported financial results for its third quarter ended December 31, 2009. Voiceserve reported revenues of $985,000 for the third quarter which compares to $439,000 for the same period of the previous fiscal year, and represents an increase of 31 percent over the current fiscal year second quarter. For the nine month period, Voiceserve generated $2.4 million in revenue, an increase of $1 million, or 72 percent, for the first nine months of the previous year.
Revenue growth for Voiceserve is due to an increase in the sale of VoIP software licenses. The company’s management anticipates a continuation of this growth pace for the foreseeable future as more licenses are sold within its current user base and their VoIP call volumes increase, in addition to geographical expansion into new large markets.
Voiceserve is making steady progress forward. Although the company reported a net loss for the period, the company did report its third sequential quarter of positive cash flow totaling $171,000 for the nine month period. In addition, the company showed strong gross profit margins in the 65-66 percent range. The company’s focus on higher margin license sales is expected to support a continuation of margins in that range. As Michael Bibelman, VoiceServe’s CEO, commented, “Voiceserve is making material progress in fiscal 2010.”