Internap Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Reaffirms Earnings Guidance for the Full Year 2017
For the six months, the company's total revenues were USD 141,775,000 against USD 150,239,000 a year ago. Loss from operations was USD 1,561,000 against USD 4,675,000 a year ago. Loss before income taxes and equity in earnings of equity-method investment was USD 27,131,000 against USD 20,213,000 a year ago. Net loss was USD 27,513,000 against USD 20,336,000 a year ago. Basic and diluted net loss per share was USD 0.38 against USD 0.39 a year ago. Net cash flows provided by operating activities were USD 22,051,000 against USD 24,801,000 a year ago. Purchases of property and equipment were USD 12,293,000 against USD 26,314,000 a year ago. Additions to acquired and developed technology were USD 444,000 against USD 769,000 a year ago.
For the full-year 2017, the company reaffirmed revenue guidance of USD 275 million - USD 285 million, and adjusted EBITDA of USD 85 million - USD 90 million. Capital expenditures now expected to be in the range of USD 37 million - USD 42 million compared previous guidance of capital expenditure of USD 32 million - USD 37 million. Net loss (GAAP) expected to be in the range of USD 52 million -USD 48 million, depreciation and amortization expected to be USD 75 million, and interest expense expected to be USD 49 million.