Zayo Group posts $76.2M loss for fiscal year
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.
Revenue, meanwhile, climbed to $1.72 billion, up from $1.35 billion the year before.
SPONSORED CONTENT
Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply
Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).
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.
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…
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!