Are they finally growing again?
Covad Communications Group Reports First Quarter 2007 Results
Growth Products Subscription Revenue and Revenue from Direct
Subscribers Continues Upward TrendSAN JOSE, Calif.--(BUSINESS WIRE)--April 25, 2007--Covad Communications Group, Inc. (AMEX: DVW):
First Quarter Financial and Business Highlights
-- Net revenues of $120.2 million
-- 36.4 percent increase in subscription revenue from Growth
products from the first quarter of 2006
-- 18.3 percent increase in revenue from direct subscribers from
the first quarter of 2006
-- A-EBITDA of $1.2 million
-- Net loss of $14.5 million ($0.05 per share)
-- Cash, cash equivalents and short-term investments, and
restricted cash and cash equivalents usage of $9.5 million
-- Enhanced voice services with business continuity features
-- Launched strategic broadband partnership with United Online
-- Added over 10,000 line-powered voice access subscribers
-- Increased wireless subscribers by 22.9 percent to 3,570 from
the first quarter of 2006
Covad Communications Group, Inc. (AMEX: DVW), a leading national provider of integrated voice and data communications, today announced its first quarter of 2007 financial results, including $120.2 million in net revenues, $1.2 million in A-EBITDA and a net loss of $14.5 million, or $0.05 loss per share.
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