4th quarter net EARNINGS of $12.5 million due to quarterly sales rising 31% to $76.9 million!
Cbeyond now has 35,041 customers in the 9 markets it has operations in; that's net 1754 customer adds this quarter, which is about 65 clients per metro per month!
ARPU is $750, up a dollar.
"mobile penetration of our customer base reached 24 percent."
Geiger states, "In order to limit the growth in receivables, we have tightened our credit policies, which has resulted in our disconnecting approximately 300 more customers for non-payment in the fourth quarter than we typically see and caused an increase in monthly customer churn to 1.4 percent during the quarter." "Our San Francisco Bay Area market installed its first customers during the fourth quarter, our Miami operation will launch service later in the first quarter of 2008, and we are announcing today that our eleventh market will be Minneapolis, which we expect to launch in the third quarter of 2008." [tmcnet]Cbeyond did give a warning about the economy:
"The Atlanta-based provider of communications services to businesses said the deteriorating economic environment has increased the number of customers who are unable to pay. As a result, the company has tightened its credit policies and disconnected 300 more customers than usual.... The company said it expects 2008 adjusted EBITDA of $60 million to $62 million, and sales of $355 million to $360 million. Capital expenditures are expected to be $65 million to $70 million." [cnn money]
BTW, did I mention I am blogging over at TMCnet now? On RAD's RADAR!