Teligent, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $17.935 million against $13.071 million a year ago. Operating income was $0.326 million against loss of $2.769 million a year ago. Loss before income tax expense was $5.212 million against $6.340 million a year ago. Net loss was $5.431 million or $0.11 per basic and diluted share against $6.375 million or $0.12 per basic and diluted share a year ago. LBITDA was $0.951 million against $2.131 million a year ago. Adjusted EBITDA was $2.076 million against $0.889 million a year ago. Adjusted net income was $0.713 million against loss of $1.0196 million a year ago. Non-GAAP adjusted net income per diluted share was $0.01 compared to non-GAAP adjusted net loss per diluted share of $0.02 a year ago.

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.