Helio loses more money in 2007, but that’s OK
- February 29th, 2008
- 7 Comments
It’s always weird that a business can lose money during a year but still call it a success. Such is the case with MVNO Helio, which saw $327million go down the tubes in 2007. The thing is, that was less than Helio had forecast, as it stated losses in 2007 should be $340-$360 million.
The other good news is that it beat its own estimates in revenue, expecting $140-$170 million, but actually ending up with $171 million. It’s not much, but its the kind of things that point to a healthy growth.
Couple with the recent restructuring and attractive rate plans and value-added services, Helio’s well ahead of its own roadmap for growth. 2008 is looking like it will be good for the MVNO, and 2009 is going to be the make or break point, as that’s the year Helio has likely picked as its time to make a profit.
Helio: $560 Million In The Hole [Alley Insider]
jj550 (Who am I?)
9 months ago
omg, crunchgear gives helio more coverage than every other major website combined. do you guys like work for them or something? u luvz helio. u wants to marry ocean 2.
mario (Who am I?)
9 months ago
no they just no a good device when they see helio rocks
jj550 (Who am I?)
9 months ago
yeah, but look at the difference between CG and engadgetmob’s coverage. i agree, ocean rocks. but cGear has serious chub for helio and they’re like an awkward 13 year old come up face-to-breast with the hot high school girl about it:
CG:
Couple with the recent restructuring and attractive rate plans and value-added services, Helio’s well ahead of its own roadmap for growth. 2008 is looking like it will be good for the MVNO, and 2009 is going to be the make or break point, as that’s the year Helio has likely picked as its time to make a profit.
engMob:
We’ll be honest with you — it’s a bit disheartening to watch the (seemingly) inevitable happen to Helio. After all, it’s managed to soldier on despite hordes of other MVNOs hanging it up here in the US of A. Nevertheless, data gleaned from EarthLink’s most recent annual report shed some light on its deteriorating situation. Reportedly, Helio’s net loss “widened by 41.3-percent to $326.6 million in 2007 compared to $191.8 million in 2006,” yet revenues managed to grow 267-percent to $171 million from $46.6 million the year prior and subscriber growth rose 28-percent over last quarter to 180,000. Add those figures to the $42 or so million it lost in 2005, and we’re up to a grand total just south of 560 million American dollars. Tough times, indeed.
offthegrid (Who am I?)
9 months ago
I don’t expect Helio to go out of business anytime soon but if they did the CrunchGear headline would be ‘Helio goes out of business but thats Okay”
Asif Ahmed (Who am I?)
9 months ago
Helio had a very strong 2007 and 2008 looks even better with the new handset lineup and new exclusive service offerings Helio could top 500K subscriber count this year. Their strategy to acquire customers using cutting edge handsets and exclusive servicing is paying off high dividends including strong customer numbers and one of the highest ARPU in the industry.
Asif Ahmed
http://www.heliobusiness.com
jj550 (Who am I?)
9 months ago
“Very strong 2007′ ??? THEY LOST OVER A QUARTER BILLION DOLLARS!!! Do you have any idea how many people’s dreams could come true for the $327 million they lost? What are you, CRAZY?
Driftwood (Who am I?)
9 months ago
They talk about Helio a lot, because if I remember correctly at least two of the main contributors are big fans and have Helio Oceans.
Since I don’t know where else besides heliocity to get this news, I’m okay with it.