InPhonic, the wireless retailer, fared moderately in their fourth quarter last year with revenue of $120.3 million, up from $85.2 million the year before. Losses came in at $3.4 million, way down from the previous year's $24.8 million. The rebate settlements, related expenses and restructuring cost the company about $4.5 million. During the quarter InPhonic inked a deal with a fifth, though unnamed, major wireless carrier for residual compensation agreements. The deal follows ones with MVNOs Virgin Mobile and Amp'd Mobile. At the end of 2006, InPhonic had nearly 660,000 residual revenue subscribers. The company also just settled with the attorney general of D.C. over its use of mail-in rebates.
For more on InPhonic's Q4:
- check out this press release