TORONTO – Telehop managed to cut its losses, but still ended its third quarter in the red. The long distance provider said that despite revenues of $2.70 million for the quarter ended September 30th, its net loss was $76,000, compared with net income of $13,000 for the same period in 2010. Gross margin was $1.21 million, or 44.7% compared to $1.30 million or 44.1% for the same quarter last year. Telehop said that its focus will be to continue to grow and drive sales of subscription services such as long distance, VoIP phone and high speed Internet, while its marketing...
