Teligent, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ending December 31, 2017
For the year, the company reported total revenues of $66.881 million against $44.250 million a year ago. Operating income was $2.542 million against loss of $3.192 million a year ago. Loss before income tax expense was $11.698 million against loss of $6.703 million a year ago. Net loss was $11.985 million or $0.23 per basic and diluted share against income of $6.668 million or $0.07 per diluted share a year ago. Net cash provided by operating activities was $1.098 million compared to net cash used in operating activities of $15.513 million a year ago. EBITDA was $5.385 million against $21.135 million a year ago. Adjusted EBITDA was $9.941 million against $2.719 million a year ago. Non- GAAP adjusted net income per diluted share was $0.08 against loss of $0.06 per diluted share a year ago. Adjusted net income was $4.119 million against loss of $3.790 million a year ago.
The company expects total revenue between $85 and $100 million for the year ending December 31, 2017. The company anticipates gross margin of 50% to 54% for the year ending December 31, 2017.