8x8 (Pure VoIP company). Just had its 1st ever profitable quarter (500k GAAP earnings) Thoughts? Is this a sign the company will do well in the next few years, turning the increasing subscriber rates into increasing profits?
No fibre/wire. They're not a telecom or cable company, simply a VoIP provider. ~90mil market cap This past q + cash flow + earnings + revenue + no indications of patent infringements They're most recent presentation tells it better than I could in words so I'll just link it.. http://www.8x8.com/file.php/190/8x8_Company_Overview_070702.pdf Personally, I think this company is a good short term & long term buy as they've turned the quarter from losses to profit; the VoIP industry as a whole will be growing substantially over the next few years; and they're cost consious. Given this is a tiny company, its tough to find much analysis about them, so just throwing it out on this board to see if anyone has followed them