Zayo reports loss despite improved revenue
The revenue marked an increase of $28.3 million compared with the same period a year ago. But net loss also increased, from $34.2 million to $36.3 million.
Boulder-based Zayo said in a press release that the revenue growth, which increased nearly $10 million compared with the previous quarter, was due “largely to a function of organic growth associated with positive net installations, and to a smaller extent, acquisition-related growth.”
SPONSORED CONTENT
Empowering communities
Rocky Mountain Health Plans (RMHP), part of the UnitedHealthcare family, has pledged its commitment to uplift these communities through substantial investments in organizations addressing the distinct needs of our communities.
The net loss, which increased by $8.4 million compared with the previous quarter, was related to a $14 million jump in stock-based compensation expense.
Zayo Group has grown rapidly, acquiring several fiber-networking companies, and there has been speculation recently that Zayo could be primed for an initial public offering sometime this year.
The revenue marked an increase of $28.3 million compared with the same period a year ago. But net loss also increased, from $34.2 million to $36.3 million.
Boulder-based Zayo said in a press release that the revenue growth, which increased nearly $10 million compared with the previous quarter, was due “largely to a function of organic growth associated with positive net installations, and to a smaller extent, acquisition-related growth.”
The net loss, which increased by $8.4 million compared with…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!