Nuvera Communications, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 08:45 am EST
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Nuvera Communications, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 16.340 million compared to USD 16.150 million a year ago. Operating income was USD 3.961 million compared to USD 3.291 million a year ago. Net income was USD 2.460 million compared to USD 1.877 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.36 a year ago. For the nine months, total revenue was USD 48.651 million compared to USD 48.591 million a year ago. Operating income was USD 11.125 million compared to USD 11.185 million a year ago. Net income was USD 7.425 million compared to USD 6.727 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 1.3 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. 
