Towerstream Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $7,857,000 against $8,265,000 a year ago. Operating loss was $7,180,000 against $6,335,000 a year ago. Net loss was $8,851,000 or $0.13 per basic and diluted share against $6,394,000 or $0.10 per basic and diluted share a year ago. Adjusted LBITDA was $3,295,000 against $2,541,000 a year ago. Capital expenditures were $2,535,000 against $2,098,000 a year ago. Net cash used in operating activities was $3,931,000 against $1,648,000 a year ago.

For the six months, the company reported revenues of $15,817,000 against $16,645,000 a year ago. Operating loss was $14,439,000 against $12,781,000 a year ago. Net loss was $17,774,000 or $0.26 per basic and diluted share against $12,904,000 or $0.19 per basic and diluted share a year ago. Adjusted LBITDA was $6,570,000 against $6,861,000 a year ago. Net cash used in operating activities was $7,822,000 against $5,871,000 a year ago. Acquisitions of property and equipment were $4,209,000 against $4,635,000 a year ago.