Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1170534/000119312518306391/d631612d10q.htm
November 2018
November 2018
October 2018
August 2018
July 2018
June 2018
June 2018
June 2018
June 2018
May 2018
Exhibit 99.1
![]() |
Media Release |
OTTAWA, October 24, 2018
Mitel Reports Third Quarter Results
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced financial results for the third quarter ended September 30, 2018.
Financial Highlights
In millions (except per share data) |
Q3 2018 | Q3 2017 | ||||||
GAAP Revenues |
$ | 309.6 | $ | 241.5 | ||||
GAAP Net Income (Loss) |
$ | (6.7 | ) | $ | (26.8 | ) | ||
GAAP EPS diluted |
$ | (0.05 | ) | $ | (0.23 | ) |
Business Highlights
| Recurring clouds seats grew 23% year-over-year. During the quarter, Mitel added 46,490 seats bringing the total recurring seats installed to 1,256,036. |
| Mitel launched MiCloud Engage Contact Center, a Contact Center-as-a-Service (CCaaS) platform that works with any call control platform and integrates with a wide range of third-party CRM applications entirely over-the-top with no software or equipment to deploy. It also supports remote workers, including a fully-virtualized workforce and with rapid scalability, giving seasonal businesses the option of quickly scaling up or down simply to accommodate demand. |
| A US-based financial services company converted from Avaya to MiCloud Engage Contact Center to support 400 agents in a contract valued at $1.5 million. |
| Won a unified communications deal worth approximately $8 million with a large university medical center based in the Southern United States to upgrade 9,600 users, including 600 contact center agents, with Mitels MiVoice Business and MiContact Center Business technology. |
| A national government agency in Italy upgraded its unified communications systems when it replaced the existing Unify platform with Mitels MiVoice MX-ONE technology. |
| At the Mitel Next Americas event held in Phoenix the company hosted more than 800 partners, customers, analysts, consultants, and media. The event featured presentations highlighting Mitels strategic initiatives in the coming year. Featured speakers included San Francisco Giants Senior VP & CIO, Bill Schlough; Google Cloud Leader of Interactive & Conversational AI Products, Adam Champy; and renowned visionary & bestselling author, Geoffrey Moore. |
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1170534/000119312518306391/d631612d10q.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Mitel Networks Corp.
Mitel Networks Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
In recent years, U.S. natural gas reserves have increased significantly due to, among other factors, advances in extracting shale gas, which has reduced and stabilized natural gas prices, providing North America with a cost advantage over certain imports.
The carrying values of the redeemable preferred stocks are being increased by periodic accretions recorded to retained earnings and included in determining income or loss per share using the interest method so that the carrying amount will equal the
The increase was primarily driven by an increase of $0.9 million in professional fees and $0.6 million in compensation-related costs partially offset by the reduction of $0.5 million in expenses related to our former business that was sold in October 2017.
During the third quarter of 2018, average agricultural selling prices for our ammonia, UAN and HDAN increased 36%, 25% and 13% respectively, compared to 2017 average selling prices for the same period reflecting a more favorable alignment of demand with market capacity for these products.
Our SG&A expenses were $25.8 million for the first nine months of 2018, a decrease of $1.0 million compared to the same period in 2017.
Our SG&A expenses were $9.1...Read more
Dividends on the Series D...Read more
Our average industrial selling prices...Read more
Capital Improvements First Nine Months...Read more
costs associated with lower on-stream...Read more
$0.06 per share on our...Read more
$12.00 per share on our...Read more
Focus on the Continued Improvement...Read more
If we had applied ASC...Read more
We have not paid cash...Read more
In addition, the preparation of...Read more
As a result, we typically...Read more
Agricultural products sales increased from...Read more
For the third quarter of...Read more
In addition, through increased marketing...Read more
We believe our future results...Read more
During the third quarter of...Read more
In the event of a...Read more
Property, plant and equipment improvements...Read more
Property, plant and equipment improvements...Read more
Consistent, reliable and safe operations...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Mitel Networks Corp provided additional information to their SEC Filing as exhibits
Ticker: MITL
CIK: 1170534
Form Type: 10-Q Quarterly Report
Accession Number: 0001193125-18-306391
Submitted to the SEC: Wed Oct 24 2018 4:16:51 PM EST
Accepted by the SEC: Wed Oct 24 2018
Period: Sunday, September 30, 2018
Industry: Radio And Tv Broadcasting And Communications Equipment