BOULDER – Bandwidth infrastructure provider Zayo Group Inc. (NYSE: ZAYO) on Thursday afternoon reported a net loss of $76.2 million for the company’s 2016 fiscal year, which ended June 30.
Boulder-based Zayo’s loss amounted to 31 cents per share and shrunk from $155.3 million, or 66 cents per share, for the previous year.
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Revenue, meanwhile, climbed to $1.72 billion, up from $1.35 billion the year before.
For the fourth quarter, the company posted a net loss of $30.9 million, an increase of $11.6 million versus the previous quarter. Revenue, however, leaped 40 percent from the year before to $507.3 million.
The company, which closed the acquisition of Texas-based Clearview International during the quarter, finished the period with $170.7 million in cash and $442.1 million available under a revolving credit facility.
BOULDER – Bandwidth infrastructure provider Zayo Group Inc. (NYSE: ZAYO) on Thursday afternoon reported a net loss of $76.2 million for the company’s 2016 fiscal year, which ended June 30.
Boulder-based Zayo’s loss amounted to 31 cents per share and shrunk from $155.3 million, or 66 cents per share, for the previous year.
Sponsored Content
Growth Strategy Summit with Jessica Dewell
How often do you validate or revise your business’s growth strategy? If your first thought was “Not enough” Join us for the for the Growth Strategy Summit with Jessica Dewell, owner of Red Direction.
Jess advises, facilitates, and keynotes about business excellence and what it means to lead today. Adept at recognizing underutilized knowledge, she combines such information with team members’ passion to create strong connections.
Revenue, meanwhile, climbed to $1.72 billion, up from $1.35 billion the year before.
For the fourth quarter, the company posted a net loss of $30.9 million, an increase of $11.6 million versus the previous quarter. Revenue, however, leaped 40 percent from the year before to $507.3 million.
The company, which closed the acquisition of Texas-based Clearview International during the quarter, finished the period with $170.7 million in cash and $442.1 million available under a revolving credit facility.
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