After trailing off for most of the year, share of Counterpath (TSX:CCV) have perked up of late, and the company’s CFO says the opportunity for the softphone and gateway solution provider remains strong.
Karp presented at the TSX/TMX Equicom Vancouver Technology Investor Day today at The Four Seasons. He says the company is beginning to save money for major enterprise clients.
The Counterpath CFO says multinational engineering and electronics giant Bosch deployed 30,000 Counterpath softphones and saved an average of $350 per phone. The savings, he says, didn’t stop there as Bosch’s own data determined that 40% of all mobile communications take place within Bosch campus wifi.
Counterpath was founded in 2002, and came to public attention in 2007 when telecom legend Terry Matthews became its chairman, a role he maintains today. After years of building out its suite of patented softphone products, such as Bria and X-Lite (which became the most popular free softphone in the world in 2009 when it reached 340,000 downloads a month), the company’s revenue has begun to climb of late. Counterpath’s recently reported Q3 numbers were a record $3.5-million, which was an increase of 15% over the $3-million it reported in the same period a year prior. In July, the company followed other Terry Matthew’s chaired concerns Mitel and Dragonwave, listing its shares on the Nasdaq.
At press time, shares of Counterpath on the TSX were down 2.3% to $1.55.