Internap Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Reiterates Earnings Guidance for the Full Year 2018
For the six months, the company's total revenues were USD 156,163,000 against USD 141,775,000 a year ago. Income from operations was USD 3,006,000 against loss of USD 1,561,000 a year ago. Loss before income taxes and equity in earnings of equity-method investment was USD 27,692,000 against USD 27,131,000 a year ago. Net loss was USD 27,983,000 against USD 27,513,000 a year ago. Basic and diluted net loss per share was USD 1.40 against USD 1.52 a year ago. Net cash flows provided by operating activities were USD 18,869,000 against USD 24,634,000 a year ago. Purchases of property and equipment were USD 16,102,000 against USD 12,293,000 a year ago. Additions to acquired and developed technology were USD 1,340,000 against USD 444,000 a year ago.
For the full year 2018, the company now expects revenue guidance of USD 320 million - USD 330 million, net loss (GAAP) attributable to INAP shareholders of USD 47 million - USD 37 million, depreciation and amortization of USD 86 million, interest expense of USD 61 million and adjusted EBITDA (non-GAAP) of 110 million - USD 120 million against previously expected revenue guidance of USD 320 million - USD 330 million, net loss (GAAP) attributable to INAP shareholders of USD 48 million - USD 38 million, depreciation and amortization of USD 70 million, interest expense of USD 59 million and adjusted EBITDA (non-GAAP) of 105 million - USD 115 million.