Global Telecom & Technology, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. Revenue totaled $16.0 million, compared to $16.9 million in the third quarter of 2008. Revenue was negatively impacted by the weakening of the Euro and British Pound Sterling to the U.S. Dollar since last year. Adjusted Earnings Before Interest Taxes Depreciation and Amortization increased 47% to $1.2 million in 2009 compared to $0.8 million in 2008. For the quarter, the company reported revenue of $16.0 million and operating income of $0.6 million and income before income taxes of $0.393 million and net income of $0.392 million or $0.03 per diluted share compared to revenue of $16.8 million and operating loss of $41.8 million and loss before income taxes of $42.05 million and net loss of $41.6 million or $2.78 per diluted share for the same period a year ago. For the nine months, the company reported revenue of $47.8 million and operating income of $1.2 million and income before income taxes of $0.64 million and net income of $0.66 million or $0.04 per diluted share compared to revenue of $50.4 million and operating loss of $43.0 million and loss before income taxes of $43.6 million and net loss of $42.7 million or $2.88 loss per diluted share for the same period a year ago.

Global Telecom & Technology, Inc., Q3 2009 Earnings Call, Nov 12 2009

Global Telecom & Technology Inc. announced that HyperCube has purchased wide-area network services from GTT. HyperCube purchased GTT's point-to-point private line services to enable the transport of both IP and TDM based voice services. HyperCube continues to strengthen its core infrastructure to manage rapidly growing minutes of use on its network. This partnership with GTT will help to further enhance HyperCube's network capacity, capability and operational efficiency while also maintaining the company's commitment to providing the highest standards of quality and service availability at a reasonable price. HyperCube's enhanced network provides carriers with flexible, reliable and custom solutions for carrier to carrier traffic exchange.