- Towerstream (OTCPK:TWER) is up 0.5% in late trading following a Q4 miss on top and bottom lines.
- The firm ran to an operating loss of $6.85M, slightly wider than the $6.62M lost the prior year, as revenues declined faster than operating expenses.
- Revenues by segment: Fixed wireless, $7.3M (down 7.7%); Shared Wireless Infrastructure, $0.83M (up 27.2%).
- ARPU was up to $772 at year's end, up 1% from the prior year's $761. Churn for 2014 was nearly flat at 1.85% compared with 1.86% in 2013.
- Cash and equivalents at year's end were $38M vs. $28.2M the prior year. The company has total long-term debt of $32M and total liabilities of $40.4M.
- Towerstream guided to Q1 revenues of $8.2M-$8.7M, below consensus of $8.9M.
- Press release