Nuvera Communications, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021 at 08:14 am EDT
Share
Nuvera Communications, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 16.487 million compared to USD 16.143 million a year ago. Operating income was USD 3.499 million compared to USD 3.655 million a year ago. Net income was USD 2.442 million compared to USD 2.344 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.45 a year ago. For the half year, total revenue was USD 32.965 million compared to USD 32.311 million a year ago. Operating income was USD 6.735 million compared to USD 7.163 million a year ago. Net income was USD 7.623 million compared to USD 4.964 million a year ago. Basic earnings per share from continuing operations was USD 1.46 compared to USD 0.96 a year ago.
Nuvera Communications, Inc. is a regional service provider. The Company's fiber network provides residential Internet service through both fiber-to-the neighborhood and gig-speed fiber-to-the-home services. It also provides business services including fiber Internet, voice, hosting and managed services. It is a Fiber Minnesota partner which enables connectivity for multi-location business customer locations, wireless towers and network connectively to Internet connection transport points. Its hosted voice over Internet protocol (VoIP) package utilizes its soft switching technology and enables its customers to have the flexibility of employing new telephone advances and features without investing in a new telephone system. In addition to Internet and VoIP services, the Company also offers a variety of commercial data connectivity services in select markets including private line and ethernet services to provide high bandwidth across point-to-point and multiple site networks.
NUVERA COMMUNICATIONS, INC. 
