ATN International (ATNI) Misses Q3 EPS by 17c

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Go back to ATN International (ATNI) Misses Q3 EPS by 17c

ATN Reports Third Quarter 2022 Results and Reiterates Financial Outlook

October 26, 2022 4:47 PM EDT

Third Quarter 2022 Results

Revenues increased by 9% year over year to $182.2 million from $166.8 million a year ago.Net loss was $2.8 million versus $2.6 million a year ago.EBITDA1 increased to $38.0 million from $31.4 million a year ago.Adjusted EBITDA2 increased to $41.9 million from $36.8 million a year ago.Capital expenditures were $38.9 million.Total cash, cash equivalents and restricted cash was $77.8 million as of September 30, 2022.Total connectivity grant funding jointly awarded since July 2022 was approximately $144 million.

BEVERLY, Mass., Oct. 26, 2022 (GLOBE NEWSWIRE) -- ATN International, Inc. (ATN or... More