WideOpenWest, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 13, 2024 at 07:00 am EDT
Share
WideOpenWest, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 168.8 million compared to USD 180.5 million a year ago. Net loss was USD 43.5 million compared to USD 12.7 million a year ago. Basic loss per share from continuing operations was USD 0.54 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.54 compared to USD 0.15 a year ago.
For the full year, the company reported sales was USD 686.7 million compared to USD 704.9 million a year ago. Net loss was USD 287.7 million compared to USD 2.5 million a year ago. Basic loss per share from continuing operations was USD 3.53 compared to USD 0.03 a year ago. Diluted loss per share from continuing operations was USD 3.53 compared to USD 0.03 a year ago. Basic loss per share was USD 3.53 compared to USD 0.03 a year ago. Diluted loss per share was USD 3.53 compared to USD 0.03 a year ago.
WideOpenWest, Inc. is a broadband provider, which offers a portfolio of advanced services, including high-speed data (HSD), cable television (Video) and digital telephony services to residential customers, and offers a full range of products and services to business customers. It offers its services across 16 markets via hybrid fiber-coax network. Its footprint covers certain suburban areas within the states of Alabama, Florida, Georgia, Michigan, South Carolina and Tennessee. Its broadband networks pass approximately 1.9 million homes and businesses and serves 504,100 customers. The Company offers tiered HSD services to residential customers that include high-speed connections to the Internet using cable modems. It offers a connection up to 1.2 GIG. Its broadband network also supports services to business customers, and it has developed a full suite of products for small, medium and large local enterprises. It offers fiber-based services and office-to-office metro Ethernet services.