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Dec 31, 2020
ATN Q4 2020 Earnings Report
ATN reported a solid finish to a year of positive operating performance with strong international telecom results and strategic investments in US telecom.
Key Takeaways
ATN International reported a 10% increase in Q4 consolidated revenues, reaching $123.7 million. However, the company experienced an operating loss of $14.7 million and a net loss attributable to ATN's stockholders of $20.5 million, largely due to a loss on the sale of a majority ownership in its India-based solar business. Adjusted EBITDA increased by 7% to $30.5 million.
Consolidated revenues increased by 10% year-over-year to $123.7 million.
Operating loss was $14.7 million, impacted by a loss on the sale of a solar business.
Adjusted EBITDA increased by 7% year-over-year to $30.5 million.
Net loss attributable to ATN’s stockholders was $20.5 million, or $1.29 per share.
ATN
ATN
ATN Revenue by Segment
Revenue by Segment
International Telecom Revenue
CapyFin.comUS Telecom Revenue
CapyFin.com Forward Guidance
ATN anticipates further improvements in International Telecom results as markets reopen and tourism returns. US Telecom expects higher operating expenses in 2021 due to private network development and infrastructure expansion. Capital expenditures are projected at $45-55 million for International Telecom and $40-50 million for US Telecom in 2021.
Positive Outlook
- Further improvements expected in International Telecom as markets reopen and tourism returns.
- Alaska Communications acquisition expected to provide opportunities for revenue synergies.
- Focus on expanding network infrastructure and leveraging operating platform for growth.
- Expects approximately 65% of the total build to be constructed and operational by the end 2021.
- Expects to receive approximately $20.1 million over 10 years to provide broadband coverage to over 10,000 households.
Challenges Ahead
- US Telecom anticipates higher operating expenses in 2021 due to private network development and infrastructure expansion.
- FirstNet construction delays due to pandemic-related restrictions.
- Increased operating costs expected in 2021 to service CARES and FirstNet sites.
- Expects to increase annual net spending on private network business to $12.0 million in 2021.
- Lower EBITDA expected for US Telecom segment in 2021 compared to 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income