Internap Corporation (INAP) Misses Q2 EPS by 24c, Slight Beat on Revenues; Offers FY18 Revenue Outlook
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INAP Reports Second Quarter 2018 Financial Results
August 2, 2018 7:00 AM EDTReported Revenue of $82.0 Million up 10.5% Sequentially and 17.7% Year-over-Year INAP US, comprising 78% of Revenue, up 12.2% Sequentially and 18.4% Year-over-YearINAP INTL, comprising 22% of Revenue, up 4.5% Sequentially and 15.2% Year-over-Year GAAP Net Loss of $(13.9) Million, or GAAP Net Loss Margin of (17.0)%, with Adjusted EBITDA of $28.5 Million up 10.9% Sequentially and 23.4% Year-over-Year; Adjusted EBITDA Margin of 34.7% Up 10 Basis Points Quarter-over-Quarter and up 160 Basis Points Year-over-YearCash Flow from Operations was $15.3 Million, with Capital Expenditures of $11.1 MillionRaising Adjusted EBITDA Guidance Range to $110-$120 Million, Reaffirming Revenue of $320-330 Million and Capital Expenditures of $40-$45... More
