Teletouch Communications, Inc. (OTC:TLLE) has released the financial results for the second quarter of fiscal 2010 ended November 30, 2009. The financial highlights reported an increased Gross billings of $21.11 million, a 6% increase over the year ago period. The company’s total operating revenues also increased 24%, totaling at $13.88 million.
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Operating income was reported to have increase 230% at $1.00 million. The Adjusted EBITDA also went up 94% to $1.36 million. Teletouch’s generated net income was $0.38 million, $0.77 million improvement from the previous year which had a $0.39 million Net loss.
Teletouch Communications, Inc. (Teletouch) offers a suite of telecommunications products and services under the Teletouch, AT&T and T-Mobile brands, including cellular, two-way radio, GPS-telemetry, wireless messaging and public safety/emergency response products and services. Teletouch operates approximately 25 retail stores and service locations in Texas and Oklahoma. Locations include both Teletouch and Hawk Electronics branded in-line, kiosk and free-standing stores. The Teletouch branded locations offer wireless services from T-Mobile, and, for the Company’s own two-way radio network. Through Teletouch’s wholly owned subsidiary, Progressive Concepts, Inc. (PCI), the Company’s Hawk Electronics brand is a Master Distributor and Authorized Provider of AT&T Mobility (voice, data and entertainment) to consumers, businesses and government agencies. The Company operates in three segments: cellular services, wholesale distribution and two-way radio services.
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