Fusion Telecommunications (FSNN) Reports Q1 Loss of $0.30

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Fusion Reports First Quarter 2016 Results

May 11, 2016 9:30 AM EDT

NEW YORK, NY -- (Marketwired) -- 05/11/16 -- Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced financial results for the quarter ended March 31, 2016.

First Quarter Highlights

Consolidated revenue was $33.2 million, up 31% year over year and 24% sequentially Adjusted EBITDA (a non-GAAP measure) was $2.8 million, up 11% year over year and 73% sequentially Business Services segment revenue was $21.0 million, up 25% year over year and 23% sequentially, including 3% sequential organic revenue growth Signed a total of $10.8 million in new contract... More