GVIC Communications Corp. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
GVIC Communications Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, revenue was $46,402,000 against $49,603,000 for the same period of last year. EBITDA was $3,148,000 against $4,691,000 for the same period of last year. Net loss attributable to common shareholders was $1,060,000 against $1,595,000 for the same period of last year. Adjusted revenue was $54,766,000 against $58,427,000 for the same period of last year. Adjusted EBITDA was $6,215,000 against $7,832,000 for the same period of last year. Adjusted net income attributable to common shareholders before non-recurring items was $1,653,000 against $1,431,000 for the same period of last year. Adjusted net income attributable to common shareholders before non-recurring items per share was $0.006 $0.005 for the same period of last year. Adjusted cash flow from operations was $5,726,000 against $8,293,000 for the same period of last year. Adjusted cash flow from operations per share was $0.019 against $0.028 for the same period of last year.
For the nine months, revenue was $142,481,000 against $149,952,000 for the same period of last year. EBITDA was $10,975,000 against $13,877,000 for the same period of last year. Net income attributable to common shareholders was $4,846,000 against $3,877,000 for the same period of last year. Adjusted revenue was $168,389,000 against $177,550,000 for the same period of last year. Adjusted EBITDA was $20,085,000 against $23,821,000 for the same period of last year. Adjusted net income attributable to common shareholders before non-recurring items was $6,223,000 against $6,637,000 for the same period of last year. Adjusted net income attributable to common shareholders before non-recurring items per share was $0.021 against $0.022 for the same period of last year. Adjusted cash flow from operations was $17,953,000 against $22,118,000 for the same period of last year. Adjusted cash flow from operations per share was $0.060 against $0.074 for the same period of last year.