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TOWERSTREAM CORP (TWER)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11
   10-K10-K10-K10-K/A10-K10-K10-K10-K
Revenues:  
    Accounting Standards Update 2014-09  0.1       
    Other  24.5       
Total revenues   [+]24.626.226.927.929.931.932.326.5
            Revenue growth  -6.1%-2.5%-3.6%-6.8%-6.1%-1.2%21.8%34.9%
Cost of goods sold  6.46.728.227.410.39.915.48.2
Gross profit  18.219.5-1.30.519.622.016.918.3
            Gross margin  73.8%74.3%-4.9%1.8%65.6%69.0%52.4%69.1%
Selling, general and administrative   [+]6.010.211.713.115.115.818.314.8
Other operating expenses  15.816.6  13.816.019.312.7
Adjusted EBITDA  3.00.3-1.1-1.91.43.3-5.51.1
            Adjusted EBITDA margin  12.1%1.2%-4.2%-6.9%4.5%10.4%-16.9%4.0%
Stock-based compensation  0.20.91.01.01.01.31.71.1
EBITDA   [+]2.8-0.6-2.2-2.90.42.1-7.10.0
            EBITDA margin  11.5%-2.4%-8.0%-10.6%1.3%6.5%-22.0%-0.1%
Depreciation  5.25.39.49.38.88.710.36.5
EBITA  -2.3-5.9-11.6-12.2-8.4-6.7-17.4-6.5
            EBITA margin  -9.5%-22.7%-43.0%-43.7%-28.0%-21.0%-53.8%-24.7%
Amortization of intangibles  1.31.41.50.40.93.13.42.6
EBIT   [+]-3.6-7.4-13.0-12.6-9.3-9.8-20.7-9.2
            EBIT margin  -14.7%-28.0%-48.5%-45.1%-31.0%-30.7%-64.3%-34.6%
Interest expense, net   [+]6.95.26.66.71.70.20.10.0
Other income (expense), net   [+]  -0.60.1 1.0-0.12.2
Pre-tax income  -10.5-12.6-20.3-19.2-11.0-9.0-20.9-6.9
Income taxes  -0.3-0.1-0.10.00.10.10.10.1
            Tax rate  3.2%0.7%0.3%     
Earnings from continuing ops  -10.2-14.4-23.3-40.5-11.0-9.1-21.0-7.0
Earnings from discontinued ops    1.2     
Net income  -10.2-14.4-22.2-40.5-27.6-24.8-21.0-7.0
            Net margin  -41.5%-54.8%-82.4%-145.1%-92.2%-77.7%-65.0%-26.5%
   
Basic EPS   [+]($25.89)($43.01)($291.81)($11.92)($0.17)($0.14)($0.39)($0.15)
Diluted EPS   [+]($25.89)($43.01)($291.81)($11.92)($0.17)($0.14)($0.39)($0.15)
   
Shares outstanding (basic)   [+]0.40.30.13.466.865.254.447.5
Shares outstanding (diluted)   [+]0.40.30.13.466.865.254.447.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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