- Towerstream (OTCPK:TWER) has built on early gains, up 17.2%, after Q1 earnings where it narrowed losses thanks to additional "right-sizing" of its cost structure.
- Revenues dipped slightly to $6.6M and EBITDA became positive, going from a loss of $2.42M to a gain of $245,000.
- Churn fell to 1.39% from 1.65%, and ARPU increased to $550,000 from $525,000 (and was up 11% Q/Q).
- Monthly recurring revenue of contracts signed rose 5% Y/Y (and 22% Q/Q) to $149,000.
- Press Release
Towerstream +17.2% as losses narrow on cost control
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Symbol | Last Price | % Chg |
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TWER | - | - |
Towerstream Corporation |