Towerstream -5.7% AH on revenue miss, light guidance

Towerstream (NASDAQ:TWER) expects Q3 revenue of $8.2M-$8.7M, below a $9.4M consensus. Fixed wireless segment revenue is expected to be in a range of $7.4M-$7.7M, and shared wireless infrastructure revenue in a range of $800K-$1M.

Q2 fixed wireless revenue -6% Y/Y to $7.57M; shared infrastructure revenue rose over 3x to $739K. Churn fell to 1.71% from 2.33% in Q1 and 2.34% a year ago, while ARPU rose to $760 from $758 in Q1 and $740 a year ago. Towerstream has seen 13 customer installations for a $699/month 100 Mbps service.

Gross margin fell to 26% from 30% in Q1 and 37% a year ago. GAAP opex rose 1.4% to $14.6M.

Net cash flow was -$4.6M. Towerstream ended Q2 $17.3M in cash, down from $21.2M at the end of Q1.

Shares are close to their 52-week low of $1.45.

Q2 results, PR

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs