Stock Watch: Q2 Revenue Rise Sends Jfax Higher

Jfax.com Inc. (Nasdaq: JFAX) added 3/16 to close at 2 9/16 Monday after the Hollywood, California-based Internet messaging and communications company reported an 83 percent rise in second quarter revenue.

Revenue rose to $3 million, yielding a gross profit of $1.3 million and a loss before charges of $4.8 million. The company said it had $37.7 million in cash and investments on hand at quarter’s end.

Jfax said it is in the process of acquiring competitor eFax, launching a new Web site and adopting a new corporate name. The company is also planning to offer Internet-based conference calls.

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