|By Marketwired .||
|November 13, 2012 07:19 PM EST||
CALGARY, ALBERTA -- (Marketwire) -- 11/14/12 -- Tesla Exploration Ltd. ("Tesla" or the "Company") (TSX:TXL) today announces its 2012 third quarter operating and financial results.
Selected Highlights ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- (000s, except per share data) Three months ended Nine Months Ended (unaudited) September 30 September 30 2012 2011 Change 2012 2011 Change $ $ % $ $ % ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Revenue 28,853 47,237 (39) 149,936 163,130 (8) Revenue excluding reimbursables 24,918 38,035 (34) 126,739 113,548 12 Gross margin(1) 5,826 9,393 (38) 40,060 28,069 43 As a % of revenue excluding reimbursables 23% 25% 32% 25% Net earnings (loss) (3,903) (332) n/m 6,101 (143) n/m Per share - basic (0.17) (0.01) n/m 0.27 (0.01) n/m EBITDA (2) 1,311 5,375 (76) 25,620 16,439 56 Per share - basic 0.06 0.24 (76) 1.13 0.72 56 Cash flow from operations (3) 2,317 5,642 (59) 25,130 16,344 54 Per share - basic 0.10 0.25 (59) 1.11 0.72 54 Weighted average shares outstanding for the period - basic 22,701 22,795 n/m 22,725 22,795 n/m Capital expenditures 2,214 1,852 20 23,667 8,235 187 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- September December As at 30 31 2012 2011 Change $ $ % ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Working capital 828 10,411 (92) Total assets 117,412 141,088 (17) Total long-term borrowings (4) 20,269 29,073 (30) Equity 63,186 57,993 9 1. Gross margin is defined as gross profit before depreciation and amortization. Gross margin is a measure that does not have a meaning prescribed under IFRS in Canada and accordingly, may not be comparable to similar measures used by other companies. 2. EBITDA is defined as income before interest, taxes, depreciation, amortization and impairments, gains or losses on foreign exchange, gains or losses on sales of capital assets, bad debt provisions and stock- based compensation. EBITDA and EBITDA per share are presented because they are frequently used by securities analysts and others for evaluating companies and their ability to service debt. EBITDA is a measure that does not have any standardized meaning prescribed under IFRS in Canada and accordingly, may not be comparable to similar measures used by other companies. The Company is consistent with its calculation of EBITDA year over year. 3. Cash flow from operations is defined as "Cash provided by operating activities before changes in non-cash working capital." Cash flow from operations and cash flow from operations per share are measures that provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. Management utilizes these measures to assess the Company's ability to finance operating activities and capital expenditures. Cash flow from operations and cash flow from operations per share are not measures that have any standardized meaning prescribed by IFRS in Canada, and accordingly, may not be comparable to similar measures used by other companies. The Company is consistent with its calculation of cash flow from operations year over year. 4. Includes capital lease obligations and long-term debt, including current portions. Third Quarter Highlights: -- Tesla USA successfully utilized its recently purchased 10,000 stations (30,000 channels) of wireless multi-component seismic acquisition system ("Hawk") throughout the third quarter of 2012 under the previously announced agreement with a multi-client geophysical company. -- Tesla Offshore significantly improved revenues from the comparative quarter benefitting from work on up to four geophysical vessels, most of which was on large scale day rate projects. This supplemented the historically strong summer construction season supporting client operations on up to 12 vessels. -- Tesla Offshore expanded its operations outside of the Gulf of Mexico, its historical operating area, with special construction projects in Alaska, Israel and Argentina. -- The Company hired and appointed Nathaniel Usher as Director of Geoscience for Tesla Offshore. Mr. Usher previously worked for ARCO/BP for 30 years and will assist Tesla Offshore in optimizing use of state of the art technology in geophysical survey operations, including the Autonomous Underwater Vehicle ("AUV") service line, and to further the development of geohazards interpretation services for clients worldwide. Subsequent to September 30, the Company approved a $6 million capital expenditure to acquire a Bluefin AUV which is expected to be operational by July 2013. -- Tesla Canada operated two crews periodically during the historically slower summer period including projects in Ontario and Quebec. Further, Tesla built a significant backlog in Canada for the fourth quarter of 2012 and the first quarter of 2013 including work commitments for the Company's 13,000 stations (39,000 channels) of three-component ("3C") recording equipment and the 10,000 station Hawk system. -- Tesla International operated a crew in the UK and Denmark on hydrocarbon and mineral projects throughout the quarter. Tesla International also secured land and marine projects in Tanzania and the Democratic Republic of the Congo ("DRC") that will operate in the fourth quarter of 2012 and the first quarter of 2013.
Third Quarter Financial Results:
The Company's consolidated revenues including reimbursables decreased 39% in the third quarter of 2012 compared to the third quarter of 2011 while the Company's revenue excluding reimbursables decreased 35%. Significant declines in activity levels for Tesla International and Tesla Trinidad were only partially offset by an improvement in activity levels for Tesla Offshore. There were also slight declines in activity for Tesla Canada and Tesla USA. Tesla International was negatively impacted by a reduced level of activity in Africa during the third quarter of 2012 whereas revenues were generated from operations for two crews in Africa during the third quarter of 2011. Activity levels in the UK and Europe during the third quarter of 2012 were similar to those in the third quarter of 2011. Tesla Trinidad completed the Guayaguayare program in April of 2012. As such, no revenues were generated in the third quarter of 2012. Significant revenues were generated from this project in the third quarter of 2011 relating to front- end operations. Tesla Offshore's geophysical and construction activity levels both improved in the third quarter of 2012 compared to the third quarter of 2011 when operations were limited with the continued negative impact of the Macondo oil spill on activity levels in the Gulf. The third quarter remained slow for Tesla Canada due to limited activity for the industry with continued low natural gas prices reducing the number of summer programs. Several programs were also delayed into the fourth quarter. Tesla USA's third quarter activity levels increased significantly from the second quarter of 2012 with two crews operational including programs for Tesla USA's recently purchased wireless multi-component "Hawk" system under an extended seismic services agreement with a multi-client geophysical company. In the third quarter of 2011, Tesla USA operated four crews with a significantly higher level of third party contractor revenues.
Gross margin dropped in the third quarter of 2012 compared to the third quarter of 2011 due to declines in margin from Tesla Canada and Tesla International partially offset by improvements from Tesla USA and Tesla Offshore. Tesla USA margins improved despite the slight drop in revenues benefitting from the utilization of the Hawk system and a significant reduction in rental costs. Tesla Offshore's gross margin benefitted with the increase in activity. Margins from Tesla Canada decreased due to a reduction in revenues from the comparative quarter along with an increase in overhead costs. Tesla International's gross margin declined with the lack of work in Africa. Gross margin as a percentage of total revenue (including reimbursables) remained at 20% in the third quarter of 2012 consistent with the third quarter of 2011. Current quarter gross margin percentage benefitted from improved results for Tesla USA, an increased contribution from Tesla Offshore, a significant decrease in flow-through reimbursables associated with Tesla USA revenues and the reimbursable nature of third party contractor costs incurred during the front end phase of the Trinidad operations in the third quarter of 2011. Gross margin as a percentage of revenue (excluding reimbursables) declined slightly quarter over quarter.
The Company's EBITDA in the third quarter of 2012 decreased compared to the third quarter of 2011 due to the decline in absolute gross margin along with an increase in general and administrative costs across most segments. The Company's consolidated net loss increased in the third quarter of 2012 exceeding the consolidated net loss in the third quarter of 2011 due to the reduced EBITDA, increased depreciation related to the Hawk system and reduced gains from disposals and foreign exchange. This was partially offset by a reduction in tax expense.
The Company's working capital decreased $5.3 million during the quarter to $0.8 million including a net cash deficit of $5.9 million. Cash and operating lines were required to fund working capital requirements in certain jurisdictions, repay $2.4 million of regular finance leases and related interest and fund $2.4 million of capital expenditures during the third quarter of 2012.
Total long-term borrowings were reduced by $2.1 million during the quarter to $20.3 million. At September 30, 2012, the Company had $43.2 million of unused committed bank credit and lease facilities.
Shareholders' equity decreased $4.7 million to $63.2 million during the quarter due to the loss incurred along with a decrease in accumulated other comprehensive income with the strengthening of the Canadian dollar against the US dollar functional currency of the Company's US subsidiaries. This was partially offset by the exercise of options and an increase in contributed surplus relating to share-based payment charges.
North America Land Operations
The Company has seen a recent drop in demand for fall and winter programs in Canada. Tesla Canada expects a comparable level of activity to that experienced in late 2011 and anticipates peaking at five crews during the fourth quarter of 2012. However, significant winter programs have been cancelled due to foreign investment complications for a major client. Tesla Canada now plans to operate six crews during the first quarter of 2013 (down from eight), with a continued focus on 3C technology for oilsands projects and shale plays in western Canada. Tesla Canada will also utilize the Company's Hawk system on a large program throughout the first quarter of 2013. Committed crew rates remain strong and reduced rental commitments due to utilization of the Company's expanded channel count should benefit margins. However, these benefits may be partially offset by depressed rates on any future projects due to excess capacity created by project cancellations across the industry. Tesla is working to secure appropriate personnel in a competitive environment for the busy winter season.
Tesla USA continues to utilize the 10,000 station Hawk system on 2D and 3D programs under an agreement with a multi-client geophysical company. Production is in line with planned results and should continue to generate improved margins from those realized under current industry metrics. This crew expects to continue work under the agreement for the remainder of 2012 at which point the Hawk system will be moved to Canada for committed work throughout the first quarter of 2013. The Hawk system will be returned to the US for early April 2013 to continue work with the multi-client geophysical company. Tesla USA is pursuing work for a second crew. The slow increase in natural gas pricing continues to be reflected within the industry by increased activity levels focused on oil and liquids rich shale plays such as the Bakken, Utica (eastern Ohio) and Marcellus (western Pennsylvania and West Virginia) which may lead to an additional multi-component 3D recording crew at the end of the second quarter of 2013. Activity in the Denver-Julesburg ("DJ") Basin has been slower than projected but is expected to increase in the second quarter of 2013. Pricing of services continues to be the driving factor in this competitive market with requirements for higher channel counts, wireless recording systems and third-party multi-client programs driving the demand for services.
Tesla International's UK and European crew has seen a sustained demand for acquisition services in both the hydrocarbon and minerals sectors. Indicators suggest that this demand will be maintained. This crew should be fully utilized for the remainder of the year and has secured commitments for projects during parts of 2013. Management is pursuing opportunities to fill gaps in the current 2013 work schedule.
Tesla International is currently in the mobilization process for a land and marine project in Tanzania with operational activity expected to begin shortly. This project will last well into the first quarter of 2013. Tesla International is also mobilizing for a land and marine project in the DRC. This project is a continuation of work performed in late 2011 and early 2012. The land portion of this program is expected to begin in December with the larger marine portion to follow once the Tanzania marine program is completed during the first quarter of 2013.
Tesla International is currently maintaining equipment in a Duty Free Zone near Djibouti, with vibrosies units in Oman, in order to facilitate efficient mobilization to potential projects in the region. The Company is currently pursuing projects in East Africa and surrounding areas to utilize this equipment.
Bid activity remains busy with a multitude of prospective work programs in the UK and Europe. Key areas of East Africa and North Africa are expected to see a return to greater activity following political stabilization and the interest of some of the major operators in developing their activities in the area. Tesla International expects to be successful in obtaining additional work from both of these opportunities and from exploiting some potential new areas of activity to extend its current backlog. Tesla International also recently opened a branch office in Islamabad to explore opportunities in the region.
The UK technical services office remains steady with a number of processing and interpretation projects recently awarded and underway with full utilization of capacity expected to continue. The Jakarta processing office has recently been awarded some sizable projects that will keep the office fully utilized through early 2013. Additional opportunities continue to be pursued to maintain backlog.
Tesla continues to investigate opportunities in South America, specifically Colombia, Ecuador and Suriname. Relationships with exploration companies are being developed with Tesla's capabilities and experience in comparable terrains and environments being highlighted for potential programs in the region.
Tesla Offshore is benefitting from increased activity levels in the Gulf of Mexico. Tesla Offshore operated two geophysical vessels on large scale day rate exploration projects through the early part of the fourth quarter of 2012. With winter coming, these contracts will be put on hold and continued in the spring of 2013. Tesla Offshore is utilizing a deep tow system aboard a third geophysical vessel and will remain operational into November on day rate projects.
The central and eastern Gulf of Mexico lease sale was held on June 20, 2012. This was positive news for Tesla Offshore. New lease sales generally lead to an increase in geophysical operations as operators require geophysical surveys for the purpose of securing drilling permits and evaluating new lease properties. In addition, hurricane Isaac's path through the Gulf of Mexico has resulted in government mandated survey requirements for operators in certain regions of the Gulf of Mexico. Tesla Offshore has obtained a healthy backlog of both turnkey and day rate work as a direct result of the lease sale and hurricane Isaac that should keep multiple vessels occupied throughout the winter months.
Construction activity remained strong in the early part of the fourth quarter but is now in the process of winding down heading into the historically slower winter months.
Tesla Offshore has increased the number of project tender responses and the amount of attention and effort put toward opportunities outside the Gulf of Mexico. Tesla Offshore continues work on a multi-year project in Alaska and a special project in Israel. As long-term clients expand into these and other areas, Tesla Offshore is configuring systems and staff to profitably provide services to support their operations.
Continuing this growth plan, Tesla Offshore recently committed to the purchase of a $6 million Bluefin AUV which has the ability to acquire high resolution ocean bottom data. Tesla Offshore expects the AUV to be delivered and operational by July 2013. This will open new markets for Tesla Offshore related to deep water oil and gas field development, along with governmental, environmental and academic applications. Tesla Offshore plans to operate the AUV not only in the Gulf of Mexico, where the US Government now requires data across most of the deep water Gulf of Mexico blocks to be acquired by an AUV, but on a global basis. Tesla Offshore hired Nathaniel Usher (as noted above) and has reassigned George Loy as General Manager of AUV Operations and Special Projects, to spearhead the implementation of this new technology. George Loy's replacement in the Prairieville office will be Jay Northcutt, who also has AUV experience from his years of managing those operations for one of our competitors. The AUV team is also in the process of identifying other AUV specialists, to support field operations.
Certain information set forth in this press release, including management's assessment of the Company's future plans and operations, contains forward-looking statements, which are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "intends", "continues", "estimates", "objective", "ongoing", "may", "will", "should", "might", "plans" and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements are based on current expectations, estimates and projections that involve a number of known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These include, but are not limited to, the risks outlined in the "Business Risks" section of the Company's MD&A for the three and nine months ended September 30, 2012.
The information contained in this press release should not be considered all-inclusive as it excludes changes that may occur in general economic, political and environmental conditions. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Investors are cautioned against attributing undue certainty to forward-looking statements. The forward-looking information and statements contained in this press release speak only as of the date hereof and, subject to its obligations under applicable law, the Company does not intend, and does not assume any obligation, to update these forward-looking statements if conditions or opinions should change.
Tesla provides geophysical and related services in Canada, internationally through its wholly owned subsidiaries Tesla Exploration International Ltd. and Tesla Exploration Trinidad Ltd., and in the United States through Tesla Exploration Inc. and Tesla Offshore LLC. Since the Company's inception in 2000, Tesla has grown both organically and through acquisitions funded by retained earnings and prudent levels of borrowing, from a Canadian focused land seismic business to a global provider of a broad suite of geophysical and related services. Tesla trades on the TSX under the symbol "TXL".
Requests for shareholder information should be directed to Mr. Richard Habiak or Mr. Stuart Craven.
Tesla Exploration Ltd.
Mr. Richard Habiak
President and CEO
Tesla Exploration Ltd.
Mr. Stuart Craven
Vice President and CFO
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 28, 2016 11:30 AM EDT Reads: 1,937
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Aug. 28, 2016 11:00 AM EDT Reads: 655
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 28, 2016 11:00 AM EDT Reads: 3,110
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 28, 2016 10:45 AM EDT Reads: 810
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 28, 2016 10:30 AM EDT Reads: 4,014
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 28, 2016 07:00 AM EDT Reads: 2,402
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Aug. 28, 2016 02:00 AM EDT Reads: 1,783
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 28, 2016 01:30 AM EDT Reads: 2,112
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Aug. 28, 2016 01:00 AM EDT Reads: 2,970
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Aug. 28, 2016 12:15 AM EDT Reads: 1,839
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Aug. 27, 2016 08:45 PM EDT Reads: 2,366
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 27, 2016 05:15 PM EDT Reads: 1,589
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Aug. 27, 2016 05:00 PM EDT Reads: 1,900
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aug. 27, 2016 12:45 PM EDT Reads: 2,361
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 27, 2016 12:30 PM EDT Reads: 3,635
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 27, 2016 07:45 AM EDT Reads: 710
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
Aug. 27, 2016 02:30 AM EDT Reads: 2,040
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 25, 2016 05:15 PM EDT Reads: 855
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 25, 2016 01:00 PM EDT Reads: 2,673
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Aug. 25, 2016 08:45 AM EDT Reads: 2,197