Fusion Connect, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of $120,803 compared to $116,677 a year ago. Operating loss was $5,340 compared to income of $7,135 a year ago. Loss before income taxes was $37,573 compared to $4,745 a year ago. Net loss from continuing operations was $33,701 compared to $4,701 a year ago. Net loss was $18,522 compared to $9,444 a year ago. Net loss attributable to stockholders was $34,488 or $0.59 per basic and diluted share compared to $4,701 or $0.19 per basic and diluted share a year ago. LBITDA was $3,253 compared to EBITDA of $24,732 a year ago. Adjusted EBITDA was $26,581 compared to $28,121 a year ago. Consolidated capital expenditures totaled $8.0 million, or 6.6% of revenue, compared to capital expenditures for the former stand -alone Birch of $7.3 million in first quarter 2018, and $9.9 million in second quarter of 2017. The increase was primarily due to $17.7 million of revenue from pre-merger Fusion and $1.6 million of revenue from MegaPath, partially offset by churn impact.

For the six months, the company reported revenue of $223,714 compared to $231,743 a year ago. Operating income was $1,365 compared to $11,034 a year ago. Loss before income taxes was $42,587 compared to $10,397 a year ago. Net loss from continuing operations was $37,718 compared to $11,751 a year ago. Net loss was $31,500 compared to 19,884 a year ago. Net loss attributable to stockholders was $38,505 or $0.92 per basic and diluted share compared to $11,751 or $0.47 per basic and diluted share a year ago. EBITDA was $18,224 compared to $44,726 a year ago. Adjusted EBITDA was $53,263 compared to $50,188 a year ago.

For the year 2018, the company continues to expect an annualized revenue run rate of at least $575 million over the next 12 months and an adjusted EBITDA margin of 25% exiting the second quarter of 2019 with potential for upside to the margin. The medium-term objective, which the company will aim to achieve roughly over the next years remains at $750 million in annual revenues with $185 million in adjusted EBITDA.