January 26, 2015

Florida business profile

NetTalk.com gets boost from Walmart

NetTalk Duo
Miami-based VoIP phone service company NetTalk.com has struggled to compete with better-known rival MagicJack. But the company got a major boost in October when Walmart began selling its NetTalk Duo. The device, which costs around $70 and includes one year of service, connects a regular telephone to a cable modem or DSL modem, letting users make free calls to the U.S. and Canada and discounted international calls. NetTalk.com originally required users to make calls through their computers, but in 2010 it launched NetTalk Duo, taking the computer out of the equation. During the first three quarters of 2011, revenue was $1.7 million, up from $730,000 from the year-earlier period. But it also lost more money during those three quarters — more than $28 million, compared to a 2010 net loss of $6.3 million.

[Note: In late December, NetTalk announced it was reducing the retail price of the DUO from $69.95 to $49.95]

Tags: Miami-Dade

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single ditgital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Smart ways to save for retirement at every age
Smart ways to save for retirement at every age

USA TODAY’s Nanci Hellmich talks about how to save aggressively for retirement in your 20s, 30s, 40s and beyond. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Do you feel your business has enough women as managers, C-level executives, even as CEO?

  • Yes
  • No, always looking for more
  • No, but fine as we are

See Results

Ballot Box
Subscribe