Business
ATN Reports Fourth-Quarter and Full-Year 2022 Results; Provides Guidance and Outlook
Fourth Quarter 2022 Results Revenues increased 2% year over year to $192.0 million from $187.6 millionNet loss improved to $1.4 million versus $24.2 million a
About this update from Atn International, Inc.
[{"type":"text","content":"Fourth Quarter 2022 Results Revenues increased 2% year over year to $192.0 million from $187.6 millionNet loss improved to $1.4 million versus $24.2 million a year agoEBITDA1 increased to $42.7 million from $17.2 million a year agoAdjusted EBITDA2 increased to $43.6 million from $42.3 million a year agoCapital expenditures were $50.2 million Full Year 2022 Results Revenues increased by 20% year over year to $725.7 million from $602.7 millionNet loss improved to $5.6 million versus $22.1 million a year agoEBITDA1 increased to $156.1 million versus $95.5 million a year agoAdjusted EBITDA2 increased to $165.3 million versus $129.0 million a year agoCapital expenditures were $160.1 millionAs of December 31, 2022, Total Debt was $421.9 million, Net Debt3 was $362.2 million, which includes cash, cash equivalents and restricted cash of $59.7 million, and the Net Debt Ratio4 was 2.2x BEVERLY, Mass., Feb. 22, 2023 (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 quarter and full year ended December 31, 2022. “ATN’s fourth-quarter and full-year performance demonstrates the strength of our business model, the resilient need for communication services, and the consistent execution of our strategy by our people and partners,” said Michael Prior, CEO of ATN. “Through our increasingly balanced revenue contributions between the U.S. and International regions, we achieved year-over-year topline growth and improved profitability for both the quarter and the year. “The fourth quarter was marked by expansion of our footprint. Notably, we completed the acquisition of Sacred Wind Enterprises, which should accelerate our efforts to bring affordable and reliable broadband connectivity to the rural Southwest, including tribal lands. At the same time, we continue to pave the way for future growth and market strength through continued investment in our fiber and other high-speed data networks across our markets, and growth in our fixed and mobile subscriber bases. During the year, we expanded the number of homes passed by high-speed broadband and the number of high-speed capable broadband customers by 44% and 15%, respectively. And, along with the company-wide growth in high-speed data subscribers, we were pleased to...