Agoracom Blog

Virtutone announces 50% increase in gross margins, $7.7M in February Revenues

Posted by AGORACOM-JC at 9:39 AM on Monday, March 3rd, 2014

  • Increased its overall gross margins from 4% to 6%
  • Approximately $7.7 million for the month of February

Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V) is pleased to announce that the Company has been able to increase its overall gross margins from 4% to 6% through the implementation of new technology. The implementation was successful over the month of February and the Company expects to maintain those margins moving forward.

Virtutone generated revenues of approximately $7.7 million for the month of February, down from the previous month as the company focused on implementing the new technology and because February is a shorter month.

“We are very excited that the new technology was able to produce such a significant improvement in margins, the bulk of which flow to the bottom line,” said Jason Allen, Chief Executive Officer of Virtutone. “Now we will go back to focusing on increasing revenues and profits.”



  • $7.7 million in revenue for February/ Increase in gross margins
  • $9.2 million in revenue for January 2014
  • $8.45 million in revenue for December 2013
  • $7.2 million in revenue for November 2013
  • $3.95 million in revenue for October 2013


  • Company has purchased five key underlying customers of its largest customer. Adding these key customers will ensure that no one customer represents more than 25% of the Company’s total revenue

  • Recently launched a new Wholesale SMS Division to compliment its current wholesale long distance business
  • Opportunity to be a niche player in the wholesale SMS/MMS hubbing business


  • Ranked #1 fastest growing ICT company in Canada 2012
  • “Next 50 ICT Companies” in Canada Branham 2013

At Virtutone the signal is clear.

VoIP Origination

Virtutone Networks provides wholesale origination services from one of the largest footprints in North America. Virtutone also provides international origination services from 73 different countries, with new countries being added weekly. View Origination Services

SIP Trunking

By creating virtual phone lines and linking your various office locations, this innovative solution allows your business to replace costly ISDN PRIs and traditional lines with a simplified infrastructure that can reduce your costs. View SIP Trunking Services

VoIP Termination

Virtutone Networks provides wholesale termination services to telephone companies, VoIP carriers, call centres, satellite service providers, teleports, cable television networks, cellular carriers and managed IT service providers. View Termination Services

Our Network

Virtutone’s business class VoIP Network is designed to provide high performance and scalability at a low unit cost. Virtutone’s VoIP and FoIP network includes POP’s in Canada, United States, Australia and the United Kingdom. View Our Network

Virtutone Featured On BNN Market Call

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