KEY PERFORMANCE INDICATORS
"Our Key Performance Indicators ("KPIs") tell a great story for the start of 2017 and reflect the initiatives put into place during 2016 and early 2017," said
|(All amounts in thousands of dollars except Churn)|
This KPI represents cash flow from our continuing and discontinued operations for the indicated periods. (The latter is now less than
"I am pleased to report significant reductions in our quarterly cash burn from one year ago. That swing represents a
This KPI represents the monthly recurring revenue value of contracts signed with customers during the period. This amount increased 5% over the comparable quarter last year and increased 22% over the immediately preceding quarter.
"This KPI is an excellent measure of the productivity of our sales force. Our sales organization has been restructured to create a more disciplined approach to identifying and target our prospective customers. Included in this strategy is a new methodology on how we market our products to our end-users," reported
This KPI represents the normal monthly attrition of revenue which is conventional in the internet connectivity industry. This amount improved 18% versus the comparable quarter last year and improved 9% versus the immediately preceding quarter.
"These percentages show consistent improvement which I attribute to the excellent customer service provided by every department within
This KPI represents the average revenue per user ("ARPU") for contracts signed with customers during the indicated periods and added to our Customer Base. This amount increased 5% over the comparable quarter last year and increased 11% over the immediately preceding quarter.
"While I am pleased with the improvements to this performance indicator, there is room for improvement in this area," observed
This KPI represents the revenue value of all active installations for the indicated periods. This amount is roughly comparable to the quarters for last year and the immediately preceding quarter. This amount decreased 2% versus the comparable quarter last year and 1% versus the immediately preceding quarter.
"While revenue amounts were relatively unchanged quarter to quarter, I am confident that we have reached our inflection point whereby the revenue erosion that has plagued the Company for the last five years is now behind us," stated
This KPI represents earnings before interest, taxes, depreciation, and amortization ("EBITDA") for continuing operations and excludes non-cash charges for stock-based compensation. It has steadily improved from (
"I am thrilled to report the improvement in EBITDA from one year ago," commented
"As I have indicated in previous press releases, we have 'right-sized' our cost infrastructure to be more in line with our revenue, thus allowing us to take advantage of the opportunities that exist in the marketplace. Our vision for
Summary Statement of Operations for the Quarter Ended
|(Amounts in millions except loss per share)|
|Loss from continuing operations||(3.8||)||(5.3||)|
|Loss from discontinued operations||-||(1.7||)|
|Loss per share (basic and diluted):|
Summary Balance Sheets as of
|(Amounts in millions)|
|Other current assets||1.2||1.1|
|Total current assets||12.3||13.4|
|Property and equipment (net)||13.8||15.3|
|Intangibles, goodwill, and other||5.3||5.7|
|Current liabilities - Continuing operations||$||3.4||$||3.3|
|Current liabilities - Discontinued operations||1.2||1.2|
|Total current liabilities||4.6||4.5|
|Long-term liabilities - Note payable (net)||32.1||31.5|
|Long-term liabilities - Other||1.0||1.2|
|Total liabilities and equity (deficit)||$||31.4||$||34.4|
The KPIs discussed above used for the monitoring of the Company's business performance are Non-GAAP measures. These Non-GAAP measures are not recognized under Generally Accepted Accounting Principles ("GAAP") and, accordingly, investors are cautioned about using or relying on them as alternatives to recognized GAAP measures. Our methods of calculating these measures may not be comparable to similar measures presented by other companies.
Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the Company with the
Frederick LarcombeChief Financial Officer Towerstream401-608-8223 firstname.lastname@example.org
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