ATN International (ATNI) Misses Q3 EPS by 17c; Offers FY23 EBITDA Guidance

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Go back to ATN International (ATNI) Misses Q3 EPS by 17c; Offers FY23 EBITDA Guidance

ATN Reports Third-Quarter 2023 Results; Reiterates 2023 Outlook; Provides Preliminary Outlook for 2024

October 25, 2023 4:30 PM EDT

First-to-Fiber and Glass & Steel Strategies Drive Year Over Year Growth

Grew revenue 5% to $191.0 millionIncreased total high-speed subscribers by 20%Expanded broadband homes passed by high-speed data services by 52%Capital expenditures were $37.2 million (net of $7.3 million of reimbursements)

Operating Income and Adjusted EBITDA Improvements Follow Subscriber and Revenue Growth

Net loss of $(3.6) million, or a $(0.31) loss per share; operating income increased to $6.8 millionIncreased Adjusted EBITDA1 by 10% to $47.8 million

Reiterates 2023 Outlook2

Adjusted EBITDA for the full year... More