Knology Posts Solid 4Q

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Knology Inc. posted the highest quarterly revenue in its history, ringing up $59.9 million in the fourth quarter of 2005, up 13.4% from $52.9 million in the year-earlier period.

The operator’s revenue for the year rose 9.2%, to $230.9 million from $211.5 million in full-year 2004.

Earnings before interest, taxes, debt and amortization were $13.3 million for the fourth quarter compared with $8.7 million in the prior-year quarter and $47.7 million for full-year 2005 versus $33.1 million for the year before.

The company’s net loss attributable to common stockholders for the fourth quarter was $14.8 million, or $0.62 per share, versus $18.5 million ($0.78) in the prior-year period. For the full year, Knology reported a net loss of $55.4 million, or $2.33 per share, compared with $75.6 million ($3.19) in 2004. The 2005 figure included a gain of $8.3 million on the sale of discontinued operations.

Knology added more than 41,000 total connections in 2005 to finish the year with 432,849. The operator added 4,884 video subscribers, 16,999 voice customers and 19,268 data connections.

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