Knology Cuts 3Q Net Loss10/27/2004 10:37 AM Eastern
Knology Inc. posted a net loss of $20 million, or $0.85 per share, in the third quarter, versus a net loss of $31.2 million ($613.57) in the year-ago period.
The overbuilder said revenue rose 19% compared with the third quarter of 2003, to $52.1 million from $43.7 million.
Earnings before interest, taxes, debt and amortization was $6.3 million versus adjusted EBITDA of $8.7 million for the third quarter of 2003.
The company added net connections of 950, 3,456 and 4,978 for cable TV, telephony and high-speed data, respectively.