Shentel FY2022 revenue +9% to $267.4M, net loss $8.4M; Glo Fiber customers double

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2022-FY EPS reported -$0.17 revenue$267,371,000

Full-year revenue $267.4M (+9.0% YoY); net loss $8.4M vs net income $7.9M in 2021.
Adjusted EBITDA $76.0M (+15.6%); Q4 adjusted EBITDA $21.0M (+51.9%).
Glo Fiber data customers grew 113.5% to ~24,000; passings up 96% to ~147,000.
Broadband segment revenue $249.0M (+9.2%); Tower segment revenue $18.9M (+6.9%).
Capital expenditures $189.6M; liquidity $369.1M; expects to draw $225M term loans by June 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SHENANDOAH TELECOMMUNICATIONS CO/VA/ reported financial results for the three and twelve months ended December 31, 2022.

Period: the three and twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On February 22, 2023, Shenandoah Telecommunications Company (the “Company”) issued a press release announcing its financial position as of December 31, 2022, results of operations for the three and twelve months ended December 31, 2022, and other related information.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

SHENANDOAH TELECOMMUNICATIONS CO/VA/ filing history →

Source: SEC EDGAR

accession 0001171843-23-001081

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