Towerstream Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $7,960,000 compared to $8,380,000 a year ago. Operating loss was $7,259,000 compared to $6,447,000 a year ago.

Net loss was $8,923,000 compared to $6,510,000 a year ago. Adjusted EBITDA was $3,275,000 compared to $2,321,000 a year ago. Net cash used in operating activities was $3,891,000 compared to $4,222,000 a year ago.

Capital expenditures were $1,674,000 compared to $2,537,000 a year ago. Net loss per basic and diluted share was $0.13 compared to $0.10 a year ago.