Internap Corporation (NASDAQ: INAP) reported Q4 EPS of ($0.82), $0.37 worse than the analyst estimate of ($0.45). Revenue for the quarter came in at $78.2 million versus the consensus estimate of $82.53 million.

Fourth Quarter 2018 Results

• Revenue of $78.2 Million, Increased 11.7% Year-over-Year, Included Accelerating Planned Data Center Closures to Accomplish Completion by end of 2018
• GAAP Net Loss Attributable to INAP Shareholders of $(19.4) Million, or $(0.82) Per Share
• Adjusted EBITDA of $27.9 Million, up 14.6% Year-over-Year, Exiting Fourth Quarter at 35.7% Adjusted EBITDA Margin
• Cash Flow from Operations of $5.4 Million, Capital Expenditures of $12.4 Million

“We accomplished our priority objectives to create INAP 2.0 by year-end 2018. Revenue is stabilized with organic growth traction in key areas,” stated Peter D. Aquino, President and Chief Executive Officer. “We completed the majority of our infrastructure portfolio optimization, which improved our margins, and reshaped our data center footprint. Our sales team is focused on driving increased productivity in our best INAP flagship markets. We are beginning the next chapter by actively engaging in strategic initiatives to gain scale and further transform INAP into one of the largest multi-service internet infrastructure providers. We are now positioned to compete over the long term in a broad addressable market where demand for our products and services is growing rapidly.”

GUIDANCE:

Internap Corporation sees FY2019 revenue of $320-330 million versus estimates of $330.06 million.

• Net Loss of $(37) Million to $(47) Million
• Adjusted EBITDA of $120 Million to $130 Million
• Capital Expenditures of $40 Million to $50 Million

For earnings history and earnings-related data on Internap Corporation (INAP) click here.