secwatch.observer — SEC 8-K summary
======================================

Issuer:     SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN)
CIK:        0000354963
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001171843-22-006982
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shentel Q3 2022: revenue up 7.5% to $66.9M but EPS loss of $0.05; enters $21.1M spectrum sale
--------------------------------------------------------------------------------

- Revenue grew 7.5% to $66.9M; loss from continuing ops per share of $0.05 vs income $0.13 in Q3 2021.
- Glo Fiber data net adds ~4,000 (+90.1% YoY); total passings grew 16.4% sequentially to ~131,000.
- Agreed to sell certain spectrum licenses for ~$21.1M ($17.3M cash + $3.8M liabilities assumed); Beam ops to cease.
- Broadband Adjusted EBITDA flat at $22.2M; Tower Adjusted EBITDA grew 15.1% to $3.0M.
- Cash & equivalents $33M; total liquidity $408M; capex $132.4M for 9 months, up from $118.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354963/000117184322006982/0001171843-22-006982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354963/000117184322006982/f8k_110122.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-006982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer