FiberTower Corporation FTWR, a wireless backhaul services provider, reported results for the third quarter and nine months ended September 30, 2010.
Highlights for the Quarter
* Service revenues net of early termination liability (ETL) grew 19% to $19.3 million in the 2010 third quarter from $16.2 million in the 2009 third quarter.
* Average monthly revenue per deployed site net of ETL increased 17% to $2,029 in the 2010 third quarter from $1,733 in the 2009 third quarter.
* Adjusted EBITDA net of ETL was $692,000 and improved $3.6 million from a loss of $2.9 million in the 2009 third quarter.
* Deployed sites grew to 3,170 in the third quarter of 2010 from 3,118 in the third quarter of 2009.
* Cash and cash equivalents balance was $31.2 million at September 30, 2010.
Loss Per Share of $0.25
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