Fusion Telecommunications (FSNN) Reports Q2 Loss of $0.20/Share

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Fusion Reports Second Quarter 2016 Results

August 11, 2016 8:45 AM EDT

NEW YORK, NY -- (Marketwired) -- 08/11/16 -- Fusion (NASDAQ: FSNN), a leading cloud services provider, today announced financial results for the quarter ended June 30, 2016.

Second Quarter Highlights

Consolidated revenue increased 21% year-over-year to $30.4 million, driven by a 30% increase in Business Services segment revenue to $20.8 millionAdjusted EBITDA (a non-GAAP measure) was $2.2 million, consistent with the second quarter of 2015, reflecting investments in sales and marketingSigned a total of $8.8 million in new Business Services contract value during the second quarter, up 65% from the year-ago... More