Lightyear Network Solutions, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenues of $16,690,248 compared to $17,409,514 a year ago. Loss from operations was $543,885 compared to $44,835 a year ago. Loss before income taxes was $632,957 compared to income before income taxes of $147,480 a year ago. Net loss was $632,957 compared to net income of $102,645 a year ago. Cash generated from operations increased to approximately $331,000 for the third quarter of 2012 compared with approximately $177,000 for the second quarter of 2012. Non-GAAP LBITDA (loss before interest, taxes, depreciation, amortization and non-cash stock-based compensation) decreased to approximately $111,747 in the third quarter of 2012 compared with approximately EBITDA of $417,835 in the second quarter of 2012. Loss attributable to common stockholders was $632,957 or $0.03 per basic and diluted share compared to $280,477 or $0.01 per basic and diluted share a year ago.

For the nine months, the company reported revenues of $50,484,592 compared to $53,886,561 a year ago. Loss from operations was $1,052,714 compared to $875,795 a year ago. Loss before income taxes was $1,402,026 compared to $578,427 a year ago. Net loss was $1,402,026 compared to $454,627 a year ago. Loss attributable to common stockholders was $1,402,026 or $0.06 per basic and diluted share compared to $1,591,504 or $0.07 per basic and diluted share a year ago.