XO Holdings Inc. this week reported second-quarter 2006 revenue of $354.3 million, down approximately $7.9 million from the same quarter a year ago. The numbers marked an increase of 1 percent from the first quarter of 2006, however.
The company also recorded net losses of $36.1 million. That compares to net losses of $29.5 million for the second quarter of 2005.
The numbers included revenue and losses from XOs new fixed wireless division, NextLink Wireless Inc., which counted $.2 million in revenue for the first six months of 2006, with $.1 million coming in during the second quarter.
XO did see a jump in revenue from its XOptions Flex VoIP services. The company went from $5.4 million in sales during the first quarter of 2006 to $7.7 million in the second quarter. Its revenue from wholesale VoIP services also increased to $7.1 million in the second quarter, compared to $4.1 million in the previous quarter
We are very pleased with our progress this quarter as we focus on key areas of growth for the company, said Carl Grivner, CEO of XO Holdings. During the second quarter we continued to grow revenue in our core services and new Voice over IP solutions for business and wholesale customers. Our carrier business is in a much stronger position to compete in the market and is already starting to see strong demand for high-bandwidth transport services as we near the completion of our new next-generation inter-city long haul network.
XO opened trading on Thursday morning the day after it announced its earnings at $4.29 and closed the same day at $4.25.