PLYMOUTH MEETING, Pa.-SmartServ Online Inc., which operates the Uphonia mobile virtual network operator, announced continuing losses in its second quarter. Nevertheless, the company’s stock was up around 7 percent on the news to about 55 cents per share.
SmartServ posted revenues of $12.7 million in the quarter, way up from the $114,000 it scored in the same quarter a year ago. The company’s net loss clocked in at $944,673, up from its net loss of $615,792 in the same quarter a year ago.
“We continue to pursue the launch of our prepaid mobile-phone service, Uphonia, and investigate new strategic and financing opportunities,” said Robert Pons, the company’s president and chief executive officer. “At the same time, we are exploring ways to improve the margins of our prepaid calling-card division.”
