Internap Corporation (INAP) Misses Q1 EPS by 40c, Revenues Miss; Offers FY19 Revenue Mid-Point Guidance Above Consensus

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Go back to Internap Corporation (INAP) Misses Q1 EPS by 40c, Revenues Miss; Offers FY19 Revenue Mid-Point Guidance Above Consensus

INAP Reports First Quarter 2019 Financial Results

May 9, 2019 7:15 AM EDT

Successfully Amended Existing Credit Facility to Gain Operational Flexibility and Position for Growth INAPs Significant Product Portfolio Shift Resulted in Reported Revenue of $73.6 Million, Flat YoY First Quarter Revenue Represents a New Baseline. Planned Data Center Exits are Now Completed, and Offset by Growth in Cloud Enabled by the Acquisition of SingleHop The Revenue Decline Sequentially Includes Timing of Customer Installs and Colocation Resizing GAAP Net Loss Attributable to INAP Shareholders $(19.6) Million was Flat Sequentially, or $(0.83) Per Share Cash Flow... More