Towerstream, which targets the enterprise market with fixed wireless, announced its second-quarter revenues increased 53 percent to $2.5 million compared with $1.6 million in 2007. Meanwhile, customer churn for the second quarter was 1.17 percent, representing an improvement of 36 percent from the second quarter 2007.
CEO Jeff Thompson said: "These strong results reflect the continued maturation of both our newer markets and our sales force. Over the past 12 months, we have significantly increased the number of account executives and the customer pipelines developed by our expanded sales force is beginning to yield results. Our Internet-based marketing initiatives, and the success of our mid-range product offering of 8 mbps at $999 per month, are also driving sales growth."
Towerstream currently offers service in eight markets with plans to expand to 20 next year. The company is also testing standardized Mobile WiMAX with Alvarion for better economies of scale.
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