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TMCNet:  Warwick Valley Telephone Company Q3 net loss decreases

[November 13, 2012]

Warwick Valley Telephone Company Q3 net loss decreases

Nov 13, 2012 (Datamonitor via COMTEX) -- Warwick Valley Telephone Company, a provider of unified communications solutions and enterprise hosted voice over internet protocol, has reported net loss applicable to common stock of $928,000, or $0.16 loss per share, for the third quarter ended September 30, 2012, compared to net loss applicable to common stock of $1.69 million, or $0.31 loss per share, for the same quarter ended September 30, 2011.


Total operating revenues for the third quarter ended September 30, 2012 were $7.05 million, compared to $6.83 million for the same quarter ended September 30, 2011.

Net loss applicable to common stock for the nine months ended September 30, 2012 was $2.4 million, or $0.42 loss per share, compared to net loss applicable to common stock of $1.08 million, or $0.2 loss per share, for the same period ended September 30, 2011.

Total operating revenues for the nine months ended September 30, 2012 were $21.02 million, compared to $18.82 million for the same period ended September 30, 2011.

"WVT Communications Group has made impressive progress toward our goal of transitioning into a highly prominent, fast growing cloud-based Unified Communications platform provider," said Duane Albro, the company's CEO.

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