Tellza revenue up 72% YoY

Tellza Communications Inc. (TSX: TEL) 2016 revenue was USD 525m, up 72% from 2015, the company said.

Net Income was USD 0.1m compared to USD 0.3m for 2015.

The company consolidated its common stock on a 1:15 basis in 2016, reducing the number of shares outstanding.

The company acquired and cancelled 5% of its outstanding stock. Over five years, Tellza has acquired and cancelled 25% of its outstanding stock.

Tellza operates in both the communications and financial support services business.