Fusion Connect, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
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.