Xura, Inc. Launches Message Everywhere, Cloud-Based and Cross-Device Messaging Service
Oct 7 15
Xura, Inc. launched Message Everywhere, a cloud-based, cross-device messaging service, which allows users to send and receive messages to anyone, at anytime, anywhere, across all devices. The service will enable SMS, MMS, Voicemail and IP messaging from a platform offered by operators. The product is the first to be released by the new company Xura, recently formed by the combination of Comverse and Acision. With multi-device connectivity on the rise and 40% of adults now multi-device users, more and more individuals require access to their messages irrespective of which device they are currently using. Additionally, while the Over-The-Top messaging market has exploded worldwide, with consumers now turning to these services to connect and communicate, they still need a smart device to work, and most devices only allow users to communicate with contacts that are on the same platform. Message Everywhere integrates with all messaging services delivered by operators so that users can text everyone, everywhere, across any device, even feature phones. By extending SMS and MMS services to web, laptop and tablet devices, users can continue a conversation from the same mobile number even when they switch devices or a phone is switched off. In one click, the service can be set up, with no app download required, and the contacts address book being automatically synched. IP messages can also be sent to other connected service members, and all messages are stored and archived in the cloud so a message is never lost. For example, if a user reads or deletes a message on a phone, the message appears read or deleted on the other devices, providing a 'like for like' service across all devices. The service is available across web and laptop clients including Windows and Mac OS, extending messaging capabilities to SIM-less devices.
Xura, Inc. Announces Termination of Shawn Rathje as Vice President and Chief Accounting Officer, with Effect from January 1, 2016
Sep 18 15
On September 18, 2015, Xura, Inc. entered into a separation agreement with Shawn Rathje, its Vice President, Chief Accounting Officer, pursuant to which Mr. Rathje's employment with the company will terminate effective January 1, 2016.
Xura, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2015; Reports Impairment of Property and Equipment for the Second Quarter Ended July 31, 2016; Provides Earnings Guidance for the Third Quarter of 2016
Sep 9 15
Xura, inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 31, 2015. For the quarter, the company reported total revenue of $61,629,000 against $74,988,000 a year ago. Loss from operations was $10,494,000 against loss from operations of $17,011,000 a year ago. Loss before income tax expense was $14,697,000 against loss before income tax expense of $20,504,000 a year ago. Net income was $162,897,000 or $7.40 per basic and diluted share against net loss of $16,866,000 or $0.75 per basic and diluted loss per share a year ago. Adjusted EBITDA was $2,723,000 compared to adjusted LBITDA of $8,261,000 for the same period a year ago. Adjusted EBITDA per basic & diluted share was $0.12 compared to adjusted LBITDA per basic and diluted of $0.37 for the same period a year ago. Net cash used in operating activities was $31,559,000 against $13,785,000 a year ago. Loss from continuing operations was $12,163,000 against $22,381,000 a year ago. Loss from continuing operations on a per-diluted-share basis was approximately $0.55 per share or $1.28 per share improvement over first quarter's results and a $0.45 improvement over the second quarter of 2014.
For the six months, the company reported total revenue of $107,334,000 against $140,070,000 a year ago. Loss from operations was $40,107,000 against loss from operations of $38,605,000 a year ago. Loss before income tax expense was $49,890,000 against loss before income tax expense of $40,139,000 a year ago. Net income was $136,236,000 or $6.21 per basic and diluted share against net loss of $32,997,000 or $1.48 per basic and diluted share a year ago. Net cash used in operating activities was $49,263,000 against $49,384,000 a year ago. Purchase of property and equipment was $7,982,000 against $11,472,000 a year ago. Adjusted LBITDA per basic & diluted share was $0.72 compared to $0.93 for the same period a year ago. Adjusted LBITDA was $15,759,000 compared to $20,817,000 for the same period a year ago. Loss from continuing operations was $52,143,000 or $2.38 per diluted share against $44,476,000 or $1.99 per diluted share a year ago.
For the second quarter of 2016, the company reported impairment of property and equipment of $78,000.
The company reaffirming the guidance of its expected third quarter 2016 annualized adjusted EBITDA of $110 million. It continues to see a path towards an annualized run rate revenue of $400 million by the second half of 2016, and the company expects balance sheet and cash flow measures to be strong and substantial.