Key Developments: Elephant Talk Communications Corp (ETAK.A)

ETAK.A on American Stock Exchange

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4 Sep 2015
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Latest Key Developments (Source: Significant Developments)

Elephant Talk Communications Corp, Grupo Iusacell sign settlement worth about $13.5 mln
Tuesday, 16 Jun 2015 08:01am EDT 

Elephant Talk Communications Corp and Grupo Iusacell:ended their relationship, agreeing to a global settlement worth about $13.5 million for Mobile network enablement agreement.Says cash payment will be reflected on the company's financial reports for the quarter ended June 30, 2015.Says settlement allows to remain the owner of the platforms in Mexico.Reason for the termination was to allow for AT&T and Iusacell to ensure consistency of infrastructure suppliers in their businesses.Amicable parting of the companies in no way reflects on the performance of Elephant Talk or its technology and neither parties rule out the possibility of future business relationships.  Full Article

Elephant Talk signs contract with OpenMobile
Thursday, 28 May 2015 08:01am EDT 

Elephant Talk Communications Corp:Announces that the company's software platform was chosen by OpenMobile, a new MVNO in the Netherlands, to support its commercial launch.  Full Article

Elephant Talk Communications recommends non-reliance on previously issued financial statements - Form 8-K
Thursday, 2 Apr 2015 06:03am EDT 

Elephant Talk Communications Corp:Recommended that certain financial statements should no longer be relied upon due to material errors related to accounting for multiple element arrangements and should be restated.Unaudited financial statements included in quarterly reports on form 10-Q for each of first three quarters in fiscal year ended 2014.Audited financial statements for year ended December 31, 2013.Unaudited financial statements included in quarterly reports on form 10-Q for each of the first three quarters in fiscal year ended 2013.  Full Article

Elephant Talk gives Q3 2014 guidance below analysts' estimates
Monday, 10 Nov 2014 04:15pm EST 

Elephant Talk Communications Corp:Expects Q3 2014 revenue to increase to about $7.3 mln compared to $5.2 mln for the same quarter of 2013.Expects Q3 2014 net loss over the same period is reduced by about $0.8 mln from a net loss of $3.2 mln to a net loss of about $2.4 mln.Expects Q3 2014 EBITDA of about $0.2 mln.Expects Q3 2014 adjusted EBITDA to increase to about $1.1 mln for the third quarter of 2014 versus a negative $0.1 mln a year ago.Q3 2014 revenue of $8.2 mln and EBITDA of $3.17 mln - Thomson Reuters I/B/E/S.  Full Article

Elephant Talk Communications Corp. signs agreement to collaborate on global sales with HP
Thursday, 31 Jul 2014 09:17am EDT 

Elephant Talk Communications Corp:Announced that the company and HP signed an agreement to collaborate on global, mutual sales.With this agreement, the companies extend their relationship to deliver services from the Elephant Talk Software DNA virtualized platform and the HP Integrated Home Subscriber Server.  Full Article

Elephant Talk Communications Corp receives $10 million service prepayment as part of new five year contract with existing MNO Client in Europe
Friday, 13 Dec 2013 08:03am EST 

Elephant Talk Communications Corp:Signs a five year extension with an existing Mobile Network Operator (MNO) in Europe.Says under the financial terms of this new contract, it expects that hosting fees will increase about 13%, on average, per SIM per month, in exchange for improved service levels.Says it will receive continuous prepayments of about $10 mln for the duration of the contract.  Full Article

Elephant Talk Communications Corp Issues Q3 2013 Revenue Guidance Below Analysts' Estimates
Monday, 4 Nov 2013 08:45am EST 

Elephant Talk Communications Corp announced that for the third quarter of 2013, it expects to record revenue of $5.2 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $7.0 million for the third quarter of 2013.  Full Article

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