Telecommunications analysis and security solutions provider Elephant Talk, a company among whose offerings you will find cloud-based fraud prevention, has reported the preliminary results of its third fiscal quarter for this year and the company is pointing a finger at its mobile offerings as the improvement. Elephant Talk’s mobile and security solutions revenue increased 12 percent between Q2 and Q3 this year, with the company’s total margin up 17 percent in those three months.
Elephant Talk CEO Steven van der Velden elaborates: “Our monthly recurring revenue model produced 79% margins during the third quarter under our current contracts with Iusacell in Mexico, the Zain Group in the Middle East and Vodafone in Spain. The continued increase of our mobile services business has further improved our Adjusted EBITDA and with the continued building of our sales pipeline with key mobile and security clients, we remain confident that we will achieve positive Adjusted EBITDA status by year end.”
The full fiscal results for Q3 will be announced on November 12, 2013 and Elephant Talk expects to record $5.2 million in revenue for the quarter and a total margin of $4.1 million.