Knology Sets Revenue Mark


Knology Inc. reported second-quarter revenue of $57.3 million, compared with $55 million for the first quarter and $52.7 million for the year-ago period.

The operator said its second-quarter total marked the highest revenue figure in its history.

Adjusted EBITDA (earnings before interest, taxes, debt and amortization) of $12 million for the second quarter was an all-time high for the company and up from $9.8 million in the first quarter of 2005 and $9.1 million in the second quarter of 2004.

The company posted a net loss of $15.6 million, or $0.66 per share, versus $16.9 million ($0.71) in the previous quarter and $18.7 million ($0.79) in the year-earlier period.

Knology said it added 3,851 high-speed-data connections, 3,774 voice connections and 302 video connections during the quarter.

“We are excited about our ability to complement the operational success of the business with significant improvement in our liquidity position,” CEO Rodger L. Johnson said in a prepared statement. “We look forward to the coming quarters as we maintain focus on executing the business plan, serving our customers and building shareholder value.”