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Mar 31, 2023

ATN Q1 2023 Earnings Report

ATN reported first-quarter results with revenue reaching the highest level in more than a decade, driven by subscriber and revenue growth and adjusted EBITDA improvements.

Key Takeaways

ATN International reported strong first-quarter 2023 results, with revenue reaching its highest level in over a decade. The company saw growth in broadband homes passed and expects continued growth in subscribers, revenue, and Adjusted EBITDA throughout 2023.

Broadband homes passed by high-speed solutions increased by 56% versus last year.

First quarter revenue reached the highest level in more than a decade.

The company had solid subscriber growth and high levels of customer retention.

ATN expects customer base, revenue, and Adjusted EBITDA growth trends to continue throughout 2023.

Total Revenue
$186M
Previous year: $172M
+8.0%
EPS
-$0.26
Previous year: -$0.13
+100.0%
Adjusted EBITDA
$44.8M
Previous year: $40.6M
+10.3%
Gross Profit
$106M
Previous year: $97M
+9.5%
Cash and Equivalents
$61M
Previous year: $76.8M
-20.6%
Free Cash Flow
-$34.6M
Previous year: -$23.1M
+49.9%
Total Assets
$1.7B
Previous year: $1.59B
+6.9%

ATN

ATN

ATN Revenue by Segment

Forward Guidance

The company believes it remains well-positioned to achieve the growth rate targets, capital expenditure levels projected, and projected leverage ratios.

Revenue & Expenses

Visualization of income flow from segment revenue to net income