ATN International (ATNI) Misses Q1 EPS by 28c

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Go back to ATN International (ATNI) Misses Q1 EPS by 28c

ATN Reports First-Quarter 2023 Results; Reiterates Outlook

April 26, 2023 4:30 PM EDT

First-to-Fiber and Glass and Steel Strategies Drive Growth

Revenue grew 8% to $185.8 millionIncreased total high-speed subscribers reached by 18%Expanded broadband homes passed by high-speed digital solutions by 56%Capital expenditures were $50.6 million (net of $2.1 million of reimbursables)

Adjusted EBITDA Improvements Follow Subscriber and Revenue Growth

Net loss increased to $(5.9) million, or $(0.44) per share; operating income increased to $0.6 millionAdjusted EBITDA1 increased 6% to $44.8 million

Reiterates 2023 Outlook3

Adjusted EBITDA expected to be in the range of $183.0 to $193.0... More