Overview
Canadaian internet services firm's fiscal Q4 revenue rose 6% yr/yr
Gross profit for fiscal Q4 increased 14% yr/yr
Company reported net loss of $22 mln, reduced from previous year
Outlook
Company remains focused on operational and capital efficiency initiatives
Company believes ongoing Ting strategic process will build a resilient earnings profile
Result Drivers
REVENUE GROWTH - Revenue increased 6% in Q4, driven by gains across all business segments
MARGIN IMPROVEMENTS - Gross profit rose 14% due to margin gains in Wavelo and Domains, and reduced network expenses at Ting
ADJUSTED EBITDA DECLINE - Adjusted EBITDA fell 14% due to legacy mobile business obligations
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
-$1.73
Q4 Net Income
-$22 mln
Q4 Adjusted EBITDA
$11.10 mln
Q4 Gross Profit
$24.10 mln
Press Release: ID:nCNWRk1pNa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)