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Towerstream +17.2% as losses narrow on cost control

May 15, 2017 1:07 PM ETTowerstream Corporation (TWER) StockBy: Jason Aycock, SA News Editor
  • 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

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