Reported earnings were pretty good.<g>
Trading as H as 0.30 after hours.
Some of the highlights for the Q:
Added 122 revenue-producing customers during the third quarter.
Newly installed customers for the quarter, among others, included -- Ameritrade, eBay, Fandango, Rockefeller & Co, St. John's University, The Franklin Mint and The George Washington University.
Customers recently signed and awaiting installation include -- ADT Security Systems, Continental Airlines and Sony PlayStation.
Internap's direct margin(v), excluding a one-time benefit, for the third quarter improved to 41 percent, compared to 32 percent during the second quarter and 16 percent during the comparable quarter of 2001.
Revenue impact due to customer churn was less than 2 percent.
Revenue impact due to pricing pressure from current customers was 1 percent.
In September, Internap turned EBITDA positive on a recurring basis a quarter ahead of the company's previous guidance.
Revenue per employee on an annualized basis increased for the sixth consecutive quarter to $376,000 compared to $305,000 in the previous quarter.
Day Sales Outstanding as of September 30, 2002 improved to 37 days, compared to 38 days as of June 30, 2002.
During the third quarter, Internap's use of cash was a record low $9.9 million, as the company continues to track toward free cash flow.
For the first time in Internap's history, all Metro Markets were direct margin positive.
biz.yahoo.com
Now waiting for the C.C.
Bernard |
