Fusion (AMEX:FSN) Announces Financial Results
Internet communications provider Fusion Telecommunications (AMEX: FSN) announced the financial results for the first quarter of 2007 today.Fusion delivers a full range of advanced, cutting-edge Internet Protocol (IP)-based services to customers all around the world, specializing in Voice over Internet Protocol (VoIP) and networking technology. The company's Efonica brand has over a million subscribers from more than 100 countries. According to the release, the company reported consolidated revenues of $13.2 million, an increase of 39 percent compared to the previous year's revenues of $9.5 million. In addition, the company's consolidated gross margin increased 22 percent, or $200,000, over the previous…