2Q07 VoIP highlights:
• VoIP product revenues $21.4 million, an increase of 87% over 2Q06. Overall net income of $2.1 million.
• In 2Q07, Veraz completed its IPO raising $54.0 million
• Vimplecom, the mobile operator in Russia was the only >10% customer, accounting for 11% revenue
• Top 10 customers accounted for over 64% revenue
• Overall 29:71 revenue mix North America versus international
• Service revenues $5.3m
• Gross margins for VoIP products: 54%
• Cash remaining: $65.4m
• Expansion sales ramping up
• So far added 12 new customers this year. Total # customers 70
• 70% of VoIP ports in the quarter shipped to wireless customers, compared to about 50% in 1Q07
• Customers signed up during 2Q07: A tier 1 wireless carrier in Europe and Golden Telecom in Russia
• Veraz VoIP business is growing faster than the average VoIP market growth
• Head count at the end of 2Q07: 242