Modest 2Q Gains for Knology

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Knology posted second-quarter-2006 revenue of $64.1 million, compared with $62.7 million in the first quarter and $57.3 million in the second quarter of 2005.

Earnings before interest, taxes, debt and amortization hit an all-time high of $16.5 million versus $15.5 million in the first quarter and $12 million in the prior-year period.

Knology’s second-quarter net loss was $10.2 million, or $0.42 per share, compared with $11.1 million ($0.46) in the first quarter and $15.6 million ($0.66) in the year-ago quarter.

Average monthly revenue per connection was $47.76 versus $47.55 in the first quarter and $46.57 in the second quarter of 2005.

“Our efforts continue to be focused on increasing shareholder value by executing our business plan, providing excellent customer service and adding profitable customers,” CEO Rodger L. Johnson said in a prepared statement.

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