Knology Sets Quarterly Records

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Knology Inc. said Thursday that it set quarterly revenue and earnings before interest, taxes, debt and amortization records in the first quarter of 2005.

The operator recorded first-quarter revenue of $55 million, up from $52.9 million for the previous quarter and $53.8 million in the year-ago period.

Adjusted EBITDA was $9.8 million versus $8.7 million in the fourth quarter of 2004 and $9 million in the first quarter of 2004.

Knology cut its first-quarter net loss to $16.9 million, or $0.71 per share, from $18.4 million ($0.78) in the previous-year quarter.

The company said it added 7,156 data connections, 5,184 voice connections and 2,249 video connections during the quarter.

“The connection growth experienced during the quarter should help to provide strong revenue and EBITDA performance in the coming quarters,” CEO Rodger L. Johnson said in a prepared statement. “We were able to build upon the momentum achieved during the third and fourth quarters of 2004.”

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