DataJack, Inc. Announces Preliminary Year-End Results Revenue Growth Climbs 30% Through Period
DALLAS, Feb. 7, 2013 /PRNewswire/ -- DataJack, Inc. (OTCQB: DJAK) today announced preliminary financial information relating to year ending December 31, 2012.
For the year ending December 31, 2012, revenue rose approximately 30%, to $2,515,055, an increase of $587,792, versus $1,927,263, for the comparable twelve month period of 2011. The increase in revenue was primarily attributable to revenue growth from our DataJack, Mobile broadband products.
Fourth quarter revenues were $625,421 versus $470,243 for the comparable period last year, an increase of $155,178.
Stuart Ehrlich, DataJack's Chief Executive Officer, commented, "We believe our performance through the period has set the stage for future growth through increased online sales, wireless store distribution, affiliate network growth through strong product demand."
"Consumer demand for mobile broadband Internet access continues to expand. We have positioned our products to create demand based on a variety of low cost plan options. Our revenue growth reflects strong demand for our mobile broadband products," commented Peter Sperling, DataJack's Secretary. "We are pleased with our efforts and 2012 results and will implement strategic initiatives towards continued revenue growth, extending market share, and growing retail and online distribution channels, while focusing on sustainable profitability."
About: - DataJack, Inc., is a provider of mobile broadband Internet access offering data coverage to 280 million people. DataJack provides high-speed, affordable Internet on the go to consumers using a PC, MAC, or any WIFI enabled device such as an iPad, tablet, smartphone or netbook. Consumers can purchase a DataJack MIFI Mobile Hotspot which can connect up to 5 WiFi-enabled devices simultaneously. For more information http://www.DataJack.com.
- Access to the internet is a prerequisite and will drive substantial future growth
- Mobile broadband subscriptions have grown around 60 percent year-on-year to 1.1 billion.
- Mobile broadband subscriptions are predicted to reach 5 billion in 2017
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Safe Harbor: Statements about the Company's future expectations and all other statements in this press release other than historical facts, are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words 'anticipate,' 'estimate,' 'expect,' 'intend,' 'plans,' 'projects,' and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
SOURCE DataJack, Inc.