Friday, February 09, 2007

TWTC losses

TWTC, which did not start to integrate Xspedius until this quarter, announced $238M in revenues in 4Q. Phone+ quotes:

The provider, which recently bought Xspedius Communications for its IP backbone, also noted slightly lower net losses for the fourth quarter of 2006. TWTC reported a net loss of $24.8 million, or 18 cents per share, compared to a net loss of $22.3 million, or 19 cents per share, for the fourth quarter of 2005.

Okay. Losses increased by $2.5M but you diluted the stock so the per share amount is less. Sheesh! I hate the accounting practices of communications companies. Tell it like it is - without the spin.

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