Miami-based netTALK.com, a public company engaged in the design, distribution and sale of consumer electronics products and low-cost Voice over Internet Protocol (VoIP) services, on Thursday reported record revenues for the fourth fiscal quarter and full-year period ending Sept. 30.

For the fourth quarter, revenues increased 711 percent to a record $1 million, compared to $139,849 in the prior year fourth quarter. The majority of the revenues resulted from initial sales of the netTALK DUO, with additional revenue resulting from international traffic and telecommunications revenue and service renewals in the fourth quarter, the company said. The net loss was $2.9 million, or $(0.08) per basic and diluted share, compared to a net loss of $1.4 million, or $(0.12) per basic and diluted share last year.

For the year, revenues increased 268.9 percent to a record $2.7 million, compared to $737,498 in the prior year. The net loss, inclusive of a $17.3 million expense related to the change in fair value of liability-classified warrants, was $26.2 million, or $(1.40) per basic and diluted share, compared to a net loss of $6.4 million, or $(0.60) per basic and diluted share last year.

NetTALK significantly expanded the retail distribution of its patent-pending netTALK DUO device, and the netTALK DUO is now available at 2,348 locations across North America, the company said. The company also added Enhanced Call Plans (low cost and flat rate international calling) for the netTALK DUO telephone device and VoIP service.