TWER Towerstream Corporation featured news, full reports, and detailed charts
Towerstream Corporation (TWER) Wrap Up:
Towerstream Corporation (“Towerstream”, “we”, “us”, “our” or the “Company”) provides fixed wireless broadband services to commercial users based on a traditional monthly subscription model. Through transmissions over both regulated and unregulated radio spectrum, we offer customers high speed Internet access over a fixed wireless network, which supports bandwidth on demand, wireless redundancy, virtual private networks (“VPNs”), disaster recovery, bundled data and video services. We are currently providing service to approximately 900 business customers utilizing fixed wireless technology in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Providence and Newport, Rhode Island. We tailor our service offerings to satisfy customer needs based principally upon size. We offer customers bandwidth connections ranging from 0.5 megabits per second up to 1 gigabit per second. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f19%2f0001144204-08-016356.html#FIS_BUSINESS"www.towerstream.com
170 Employees
Founded in 1999
TowerStream Corporation (TWER:NASDAQ)
LAST $1.76 USD
CHANGE TODAY -0.01 -0.56%
VOLUME 90.6K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of TowerStream Corporation (TWER)
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OPEN
$1.80
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PREVIOUS CLOSE
$1.77
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DAY HIGH
$1.80
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DAY LOW
$1.72
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52 WEEK HIGH
07/23/09 - $2.00
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52 WEEK LOW
11/25/08 - $0.60
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MARKET CAP
60.9M
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AVERAGE VOLUME 3 mo
169.4K
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DILUTED EPS TTM
$-0.27
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SHARES OUTSTANDING
34.6M
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TWER Does Not Pay Dividends
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P/E TTM
NM
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TWER Top Compensated Officers
Mr. Jeffrey M. Thompson
Co-Founder, Chief Executive Officer, Presiden...
Age: 44
Total Annual Compensation: $346.5K
Mr. Joseph P. Hernon CPA
Chief Financial Officer, Principal Accounting...
Age: 49
Total Annual Compensation: $175.2K
Mr. Melvin L. Yarbrough Jr.
Chief Revenue Officer
Age: 43
Total Annual Compensation: $274.5K
Mr. Arthur G. Giftakis
Vice President of Engineering and Operations
Age: 42
Total Annual Compensation: $141.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for TowerStream Corporation (TWER)
Towerstream Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2009
11/4/2009
TowerStream Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter, the company reported revenues were $3,783,000 as compared to the revenues of $2,870,000 for the same period a year ago. Operating Loss was $1,773,000 as compared to the operating Loss of $3,234,000 for the same period a year ago. Net Loss was $2,138,000 as compared to the net Loss of $3,126,000 for the same period a year ago. Net loss per common share was $0.06 as compared to the net loss per common share of $0.09 for the same period a year ago. Adjusted LBITDA was $530,000 as compared to the adjusted LBITDA of $2,177,000 for the same period a year ago. Interest income was $4,000 as compared to the interest income of $124,000 for the same period a year ago. Capital expenditure was $1,657,000 as compared to the capital expenditure of $2,041,000 for the same period a year ago. For the nine months, the company reported the revenues were $10,873,000 as compared to the revenues of $7,446,000 for the same period a year ago. Net Loss was $6,653,000 as compared to the net Loss of $10,555,000 for the same period a year ago. Net loss per common share was $0.19 as compared to the net loss per common share of $0.31for the same period a year ago. Operating Loss was $5,866,000 as compared to the operating Loss of $10,721,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter and full year of 2009. The company expects revenues for the fourth quarter 2009 are expected to range between $4.0 million to $4.1 million. Adjusted EBITDA loss for the fourth quarter 2009 is expected to range between $0.2 million to $0.3 million, excluding $0.1 million that the Company expects to spend related to efforts to secure grants under the U.S. Government's Broadband Stimulus program. The company expects total capital expenditures for 2009 to meet its fiscal target of $5.0 million.
TowerStream Corporation expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
11/2/2009
TowerStream Corporation expected to Report Fiscal Year 2009 Results on March 15, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
TowerStream Corporation, Q3 2009 Earnings Call, Nov-04-2009
10/26/2009
TowerStream Corporation, Q3 2009 Earnings Call, Nov-04 2009
TWER Competitors
| Company | Last | Change |
| Cbeyond Inc | $12.53 USD | -0.03 |
| Comcast Corp | $15.01 USD | -0.03 |
| MetroConnect Inc | $0.02 USD | 0.00 |
| Rapid Link Incorporated | $0.02 USD | -0.009 |
| Sprint Nextel Corp | $3.76 USD | -0.09 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TWER | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 4.3x |
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| Price/Book | 2.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 2.9x |
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TWER |
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TWER transactions
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| No transactions in the last 6 months. | ||
More Recent News About Towerstream Corporation
More news for TWER
Towerstream Broadens Coverage of New York City Network
MIDDLETOWN, R.I., Oct. 7, 2009 (GLOBE NEWSWIRE) -- News Facts Towerstream (Nasdaq:TWER - News), a leading fixed WiMAX service provider, today announced it has extended its New York City wireless broadband network through the addition of a new Point of Presence (PoP) located at 41 Madison Avenue, the New York Merchandise Mart. As a result, additional companies in Manhattan will now have access to Towerstream's high-speed, wireless business Internet service.This expansion will strengthen service within Towerstream's existing network, enabling the Company to further penetrate the market and add new customers.Towerstream's wireless Internet s...Click here to read the whole Article (external link)
Towerstream Announces Participation at SUPERCOMM 2009
Towerstream Announces Participation at SUPERCOMM 2009 - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 15.0p...Click here to read the whole Article (external link)
Towerstream Reports That Miami Market Has Reached EBITDA Profitability
MIDDLETOWN, R.I., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER - News), a leading wireless Internet service provider, today announced that it has reached EBITDA profitability in its Miami market. "Miami has been one of our fastest growing markets since its launch in 2007. We plan to use the strategy employed in launching Miami as a model for future market expansion," said Jeff Thompson, CEO of Towerstream. "Seven of our nine markets are now EBITDA profitable. Our continued progress demonstrates the leverage of our business model and the predictability of our revenue stream." "We are pleased to report that our Miami market has reached EBITDA profitability and is now generating Market Cash Flow," stated Joseph Hernon, Chief Financial Officer of Towerstream. "It's important to note that EBITDA profitability and Market Cash Flow are not recognized measures under generally accepted accounting principles. We utilize these metrics to measure the operational performance of our markets, and their respective ability to contribute cash flow to support centralized operating and corporate overhead costs." Key Operating Metrics and Non-GAAP Financial Measures The terms "EBITDA" and "Market Cash Flow" are measurements used by Towerstream to monitor business performance and are not recognized measures under generally accepted accounting principles, or "GAAP." Accordingly, investors are cautioned in using or relying upon these measures as alternatives to recognized GAAP measures. Tow...Click here to read the whole Article (external link)
Q3 2009 Towerstream Corporation Earnings Release - After Market Close
Earnings Announcements for Wednesday, November 4CompanySymbolTimeConferenceCall99 CENTS OnlyNDNAfter Market CloseAdept TechnologyADEPAfter Market CloseAffymax, Inc.AFFYBefore Market OpenAgilysys, Inc.AGYSBefore Market OpenAgrium Inc.AGUBefore Market OpenListenAlamo GroupALGAfter Market CloseALGOMA CENTRAL CORPALC.TOTime Not SuppliedALLIANCE BANKSHARES CORPABVAAfter Market CloseAllied Motion Technologies, Inc.AMOTTime Not SuppliedListenAlmost FamilyAFAMBefore Market OpenAlnylam PharmaceuticalsALNYAfter Market CloseListenAlon USA Energy Inc.ALJAfter Market CloseAlterian plcALN.LTime Not SuppliedAlvarionALVRBefore Market OpenListenAmbac Financial GroupABK08:30 am ETListenAmbassadors International, Inc.AMIEAfter Market CloseAmdocs LimitedDOX...Click here to read the whole Article (external link)
Towerstream to Report Third Quarter 2009 Financial Results on November 4, 2009
MIDDLETOWN, R.I., Oct. 26, 2009 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER - News), a leading wireless Internet service provider, announced that it will report its results for the third quarter ended September 30, 2009 on November 4, 2009, following the market close. A conference call to discuss results of the third quarter 2009 will be held on November 4, 2009 at 5:00 p.m. ET, during which Chief Executive Officer, Jeff Thompson, and Chief Financial Officer, Joseph Hernon, will review the Company's financial results and provide an update on current business developments. Investors and other interested parties may access the earnings call as follows: Dial-in numbers: 888-205-6439, for U.S. callers; 913-312-0697 for international callers Internet: An audio webcast is accessible at http://ir.towerstream.com/events.cfm Telephone replay: Wednesday, November 4, 2009 at 8:00 p.m. ET until Thursday, November 12, 2009 at midnight ET Dial in number: 888-203-1112 for U.S. callers; 719-457-0820 for international callers; passcode 6802497 for all callers About Towerstream Towerstream is a leading fixed WiMAX service provider in the U.S., delivering high-speed Internet access to businesses. Founded in 2000, the Company has established networks in nine markets including New York City, Boston, Los Angeles, Chicago, the San Francisco Bay Area, Miami, Seattle, Dallas-Fort Worth,...Click here to read the whole Article (external link)
Towerstream Reports Third Quarter 2009 Results
MIDDLETOWN, R.I., Nov. 4, 2009 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER - News), a leading wireless Internet service provider currently operating in nine major metropolitan areas, announced results for the third quarter ended September 30, 2009. Operating Highlights: * Record number of customer installations of 257 in third quarter 2009, exceeding the previous quarterly high by 32% * Third quarter 2009 revenues increased 32% from the third quarter 2008 * Adjusted EBITDA improved 20% compared to the second quarter 2009, decreasing from a loss of $0.7 million to a loss of $0.5 million * Gross margin remained strong at 75% during the third quarter 2009 which represented a 14% increase from 66% for the third quarter 2008 * Eight of nine markets generating positive Adjusted EBITDA and all nine markets collectively are generating positive Adjusted EBITDA * Capital expenditures budget of $5.0 million for 2009 affirmed * Customer churn for the third quarter 2009 was 1.71%, compared to 1.90% for the second quarter 2009 * Cash and cash equivalents totaled $18.2 million at September 30, 2009 Management Comments: "We increased our customer base by almost 13% in the third quarter. We believe this is a direct result of improved methods for capturing customer demand at a lower cost," said Jeff Thompson, President and Chief Executive Officer. "As the economy improves, this increase in market share and customer base gives us an opportunity to increase ARP...Click here to read the whole Article (external link)
New Star Analyst Rankings for Towerstream Corporation
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
TOWERSTREAM CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Item 2.02. Results of Operations and Financial Condition. On November 4, 2009, Towerstream Corporation (the "Company") issued a press release announcing results for the three and nine months ended September 30, 2009. A copy of the press release is attached to this report as Exhibit 99.1 and is being furnished pursuant to Item 2.02 of Form 8-K and shall not be deemed incorporated by reference into any of the Registrant's registration statements or other filings with the Securities and Exchange Commission. The press release includes EBITDA calculations, which is not a GAAP financial measure. It is presented in the press release because the Registrant's management uses this information in evaluating the operating efficiency and overall financial performance of its business. The Registrant's management also believes that this information provides the users of the Registrant's financial statements a valuable insight into its operating results. EBITDA is calculated as net income (loss) before interest, income taxes, deprecation and amortization. The Company defines adjusted EBITDA as net income (loss) before interest, income taxes, deprecation and amortization expenses, excluding when applicable, stock-based compensation, gain or loss on disposal of property and equipment, gain or loss on derivative instruments, and other non-operating income or expenses. It is important to note, however, that non-GAAP financial measures as presented do not represent cash provided by or used in operating activities and may not be comparable to similarly titled measures reported by other companies. Neither should be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. A reconciliation of adjusted EBITDA, as compared to the most directly comparable GAAP financial measure, net loss, is presented in a reconciliation table in the attached press release. The information contained in this Form 8-K contains forward-looking statements, including certain...Click here to read the whole Article (external link)
TOWERSTREAM CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
Towerstream Reports That Seattle Market Has Reached EBITDA Profitability
MIDDLETOWN, R.I., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Towerstream (Nasdaq:TWER - News), a leading wireless Internet service provider, announced that it has reached EBITDA profitability in its Seattle market. It becomes the eighth of the Company's nine markets to reach this milestone. "We are gratified to see the value of our products recognized by Seattle businesses as Seattle is widely recognized as one of the most technology savvy markets in the country," said Jeff Thompson, President and Chief Executive Officer of Towerstream. "Our continued progress demonstrates the leverage of our business model and the predictability of our revenue stream." "Seattle reached EBITDA profitability due to both a steady increase in revenues and lower operating costs, primarily related to headcount reductions announced in June," stated Joseph Hernon, Chief Financial Officer of Towerstream. "It is important to note that EBITDA profitability and Market Cash Flow are not recognized measures under generally accepted accounting principles. We utilize these metrics to measure the operational performance of our markets, and their respective ability to contribute cash flow to support centralized operating and corporate overhead costs." Key Operating Metrics and Non-GAAP Financial Measures The terms "EBITDA" and "Market Cash Flow" are measurements used by Towerstream to monitor business performance and are not recognized measures under generally accepted accounting principles, or "GAAP." Accordingly, investor...Click here to read the whole Article (external link)
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