UScellular reports Q4 net loss, full-year earnings drop; provides cautious 2023 outlook

ARRAY DIGITAL INFRASTRUCTURE, INC.

2022-FY EPS reported $0.35 revenue$4,169,000,000

Q4 2022 operating revenues $1,048M (down 1.9% YoY); net loss $28M ($0.33 loss per share) vs profit $27M ($0.31) a year ago.
Full year 2022 net income $30M ($0.35 EPS) down from $155M ($1.77 EPS) despite revenue increase to $4,169M from $4,122M.
2023 guidance: service revenues $3,050-3,150M, adjusted EBITDA $875-1,025M, capex $600-700M; mostly below 2022 actuals.
Fixed wireless connections grew over 50% in 2022; tower revenues posted double-digit percentage growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARRAY DIGITAL INFRASTRUCTURE, INC. reported FY 2022 results: revenue $4,169 million, net income $30 million, EPS $0.35.

Period: FY 2022
Revenue: $4,169 million
Net income: $30 million
EPS: $0.35
Result: reported results

Exact text from the filing

UScellular reported total operating revenues of $4,169 million and $4,122 million for the years ended 2022 and 2021, respectively. Net income attributable to UScellular shareholders and related diluted earnings per share were $30 million and $0.35, respectively, for the year ended 2022 compared to $155 million and $1.77, respectively, for the year ended 2021

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARRAY DIGITAL INFRASTRUCTURE, INC. reported Q4 2022 results: revenue $1,048 million, net income $(28) million, EPS $(0.33).

Period: Q4 2022
Revenue: $1,048 million
Net income: $(28) million
EPS: $(0.33)
Result: reported results

Exact text from the filing

reported total operating revenues of $1,048 million for the fourth quarter of 2022, versus $1,068 million for the same period one year ago. Net income (loss) attributable to UScellular shareholders and related diluted earnings (loss) per share were $(28) million and $(0.33), respectively, for the fourth quarter of 2022 compared to $27 million and $0.31, respectively, in the same period one year ago

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accession 0000821130-23-000006

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