Zayo Group posts $180.5M loss
BOULDER – Zayo Group LLC reported a $180.5 million net loss for its fiscal year 2014 that ended June 30 as the Boulder-based broadband infrastructure provider marches toward an initial public offering.
The loss for the fast-growing company, which has been on an acquisition spree since its inception in 2007, came despite revenue increasing about 12 percent to more than $1.1 billion, according to a regulatory filing made this week.
The net loss rose from $142.8 million last year. Revenue for the 2013 fiscal year was $988 million.
The company had $292.6 million in cash and cash equivalents as of June 30 and total assets of more than $5 billion.
In July, Zayo filed paperwork with the Securities and Exchange Commission to raise up to $100 million in an IPO. However, the company has yet to disclose the number of shares it plans to sell or the price per share.
BOULDER – Zayo Group LLC reported a $180.5 million net loss for its fiscal year 2014 that ended June 30 as the Boulder-based broadband infrastructure provider marches toward an initial public offering.
The loss for the fast-growing company, which has been on an acquisition spree since its inception in 2007, came despite revenue increasing about 12 percent to more than $1.1 billion, according to a regulatory filing made this week.
The net loss rose from $142.8 million last year. Revenue for the 2013 fiscal year was $988 million.
The company had $292.6 million in cash and cash equivalents as of June 30 and…
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