ATN International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:30 pm EDT
ATN International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1.02 million compared to USD 3.3 million a year ago. Revenue was USD 186.44 million compared to USD 179.5 million a year ago. Net income was USD 0.767 million compared to net loss of USD 0.525 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.11 a year ago.
For the six months, sales was USD 1.61 million compared to USD 5.28 million a year ago. Revenue was USD 372.21 million compared to USD 351.52 million a year ago. Net loss was USD 5.12 million compared to USD 1.47 million a year ago. Basic loss per share from continuing operations was USD 0.48 compared to USD 0.24 a year ago. Diluted loss per share from continuing operations was USD 0.48 compared to USD 0.24 a year ago.
ATN International, Inc. is a provider of digital infrastructure and communications services. The Company operates through three segments: International Telecom, US Telecom and Renewable Energy. The International Telecom segment offers mobility services, fixed services, carrier services and managed services in Bermuda, the Cayman Islands, Guyana and the United States Virgin Islands. The US Telecom segment offers fixed services, carrier services and managed services to business and consumer customers in Alaska and the western United States. In the western United States, it also provides mobility services and private network services to enterprise and consumer customers. The Renewable Energy segment provides distributed generation solar power to commercial and industrial customers. Its tradenames include One, GTT+, Viya, Logic, Fireminds, Choice, Choice NTUA Wireless, Alaska Communications, Commnet, Essextel and Sacred Wind Communications. It has approximately 148,300 broadband customers.