Jackson, Miss. -- Cost-cutting measures helped to improve
cash flow by 47 percent during the third quarter at Wireless One Inc., a wireless-video
and data-services provider based here.
Cash flow (earnings before interest, taxes, depreciation
and amortization) improved to negative $6.6 million during the nine-month period, compared
with negative $12.4 million for the same period last year. EBITDA improved by 14 percent
in the third quarter, to negative $3.6 million from negative $4.2 million in the same
period last year.
Sales for the third quarter and nine months ended Sept. 30
were $9.2 million and $29.7 million, respectively, compared with $9.1 million and $24.5
million, respectively, last year.
The company attributed the EBITDA and revenue improvements
to its efforts to increase revenue from data, multiple-dwelling units and reselling
DirecTv Inc. direct-broadcast satellite service, as well as to internal cost savings.
The company said it slashed operating costs by 33 percent
during the period by discontinuing the use of outside contractors and clustering 15 of its
operating systems into seven.