Internap Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company's total revenues were USD 81,962,000 against USD 69,642,000 a year ago. Income from operations was USD 2,127,000 against loss of USD 2,053,000 a year ago. Loss before income taxes and equity in earnings of equity-method investment was USD 13,759,000 against USD 19,389,000 a year ago. Net loss was USD 13,923,000 against USD 19,283,000 a year ago. Basic and diluted net loss per share was USD 0.69 against USD 0.96 a year ago. Adjusted EBITDA was USD 28,454,000 against USD 23,051,000 a year ago. Capital expenditures were USD 11,083,000 against USD 6,748,000 a year ago. Adjusted EBITDA less capex was USD 17,371,000 against USD 16,303,000 a year ago. Normalized net loss was USD 10,093,000 against USD 5,905,000 a year ago. Net cash flow provided by operating activities was USD 15,342,000 against USD 14,787,000 a year ago. Free cash flow (non-GAAP) was USD 4,259,000 against USD 8,039,000 a year ago.

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.