Towerstream Corporation announced unaudited results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue increased 6% to $8.3 million compared to $7.82 million for the first quarter 2012 and increased 1% compared to $8.23 million for the fourth quarter 2012. Capital expenditures on fixed wireless were $1.087 million against $2.63 million for the same period a year ago. Capital expenditures on shared wireless infrastructure were $136,000 against $1.92 million for the same period a year ago. Capital expenditures on Corporate were $104,000 against $1.313 million for the same period a year ago. Operating loss was $6.53 million against $4.37 million for the same period a year ago. Net loss was $5.63 million or $0.09 per basic and diluted share against $4.38 million or $0.08 per basic and diluted share for the same period a year ago. On segment basis, adjusted EBITDA was loss of $2.076 million, net cash outflow was $3.4 million and net cash used in operating activities was $4.423 million. The company provides revenues guidance for the second quarter 2013. Revenues for the second quarter 2013 are expected to range between $8.3 million to $8.5 million.

Towerstream Corporation announced that they will report Q1, 2013 results After-Market on May 09, 2013

Towerstream Corporation, Q1 2013 Earnings Call, May 09, 2013