Inteliquent (Nasdaq: IQNT) $2.98. Announced Tuesday after market close financial results for the first quarter of 2013.
In the first quarter of 2013, Inteliquent generated revenue of $69.7 million, a decrease of 1% compared to $70.7 million of revenue in the first quarter of 2012. The revenue decrease related primarily to a reduction in minute volumes for local transit and termination voice services, which was partially offset by an increase in volumes for our origination voice services and data services.
Adjusted EBITDA (a non-GAAP financial measure) in the first quarter of 2013 was $18.0 million, a decrease of 15% compared to $21.3 million in the first quarter of 2012. See "Use of Non-GAAP Financial Measures" below for a discussion of the presentation of Adjusted EBITDA and reconciliation to net income.
Income from operations in the first quarter of 2013 was $11.2 million, compared to income from operations of $10.7 million in the first quarter of 2012.
What They Do: Inteliquent provides intelligent networking to solve challenging voice interconnection and interoperability issues.
Mindspeed Technologies (Nasdaq: MSPD) $2.29. Announced Wednesday after market close preliminary results for its fiscal second quarter of 2013. The preliminary results are subject to change based on the conclusion of goodwill and asset impairment testing being undertaken by Mindspeed. For the quarter ended March 29, 2013, Mindspeed recorded net revenue of $35.4 million, a loss per share of $0.02 on a non-GAAP basis, and a loss per share of $1.00 on a GAAP basis.
What They Do: Mindspeed Technologies is a leading provider of network infrastructure semiconductor solutions to the communications industry.
Trulia (Nasdaq: TRLA) $29.06. Announced Tuesday after market close financial results for the first quarter ended March 31, 2013. Total revenue for the first quarter of 2013 was $24.0 million, an increase of 97% year-over-year. Marketplace revenue of $17.4 million, up 100% year-over-year. Net loss attributable to common stockholders for the quarter was $2.0 million, or $0.07 per share on a basic and diluted basis, compared with $4.2 million, or $0.61 per share on a basic and diluted basis, in the first quarter of 2012.
Adjusted EBITDA for the quarter was $1.2 million, compared with -$2.5 million in the first quarter of 2012. Adjusted net loss attributable to common stockholders for the quarter was $0.6 million, or $0.02 per share on a basic and diluted basis, compared with $3.7 million, or $0.54 per share on a basic and diluted basis, in the first quarter of 2012.What They Do: Trulia gives home buyers, sellers, owners, and renters the inside scoop on properties, places, and real estate professionals.
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