ATN Q1 revenue up 8% to $185.8M; net loss widens to $(5.9)M; reiterates FY2023 outlook

ATN International, Inc.

2023-Q1 EPS reported -$0.44 revenue$185,774,000

Revenue $185.8M (+8% YoY); net loss $(5.9)M ($(0.44)/share) vs prior-year loss.
Adjusted EBITDA $44.8M (+6% YoY); operating income $0.6M vs $(3.6)M in Q1 2022.
High-speed subscribers up 18%; broadband homes passed by digital solutions up 56%.
Capex $50.6M (net of $2.1M reimbursables); FY2023 outlook: Adj EBITDA $183-193M, capex $160-170M.
Management highlights 'First-to-Fiber' and 'Glass and Steel' strategies driving growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ATN International, Inc. updated its the quarter ended March 31, 2023 guidance (reaffirmed).

Period: the quarter ended March 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 26, 2023, ATN International, Inc. (the “Company”) issued a press release announcing financial results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001104659-23-050520

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