ATN Reports Second Quarter 2022 Results and Reiterates Financial Outlook
Second Quarter 2022 Results Revenues increased to $179.5 million from $123.9 million a year ago, primarily due to the successful acquisition of Alaska Communications. Net loss was $0.5 million versus net income of $2.0 million a year ago. EBITDA 1 increased to $38.8 million from $23.1 million a year ago. Adjusted EBITDA 2 increased to $39.2 million from $25.2 million a year ago. Capital expenditures were $40.6 million. Total cash, cash equivalents and restricted cash was $72.2 million as of June 30, 2022. BEVERLY, Mass., July 27, 2022 (GLOBE NEWSWIRE) -- ATN International, Inc. ("ATN" or the "Company") (NASDAQ: ATNI ), a leading provider of digital infrastructure and communications services, today reported results for the three and six months ended June 30, 2022. "We delivered solid revenues in the second quarter while at the same time managing a slight uptick in labor expenses and increased development costs as we continued to invest in advancing our long-term growth strategy," said Michael Prior, Chief Executive Officer of ATN. "After one full year of operating Alaska Communications, we have expanded our overall U.S. infrastructure footprint, strengthened our base of recurring revenues, and increased our topline segment revenues by more than 50% year over year.
ATN Reports Second Quarter 2022 Results and Reiterates Financial Outlook
Second Quarter 2022 Results Revenues increased to $179.5 million from $123.9 million a year ago, primarily due to the successful acquisition of Alaska Communications. Net loss was $0.5 million versus net income of $2.0 million a year ago. EBITDA 1 increased to $38.8 million from $23.1 million a year ago. Adjusted EBITDA 2 increased to $39.2 million from $25.2 million a year ago. Capital expenditures were $40.6 million. Total cash, cash equivalents and restricted cash was $72.2 million as of June 30, 2022. BEVERLY, Mass., July 27, 2022 (GLOBE NEWSWIRE) -- ATN International, Inc. ("ATN" or the "Company") (NASDAQ: ATNI ), a leading provider of digital infrastructure and communications services, today reported results for the three and six months ended June 30, 2022. "We delivered solid revenues in the second quarter while at the same time managing a slight uptick in labor expenses and increased development costs as we continued to invest in advancing our long-term growth strategy," said Michael Prior, Chief Executive Officer of ATN. "After one full year of operating Alaska Communications, we have expanded our overall U.S. infrastructure footprint, strengthened our base of recurring revenues, and increased our topline segment revenues by more than 50% year over year.