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.

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.