CAI Wireless Sys Posts 2Q EBITDA Loss Of $2.9M -2-
Form 10Q PERIOD ENDED: 09/30/96
SEC RCVD DATE: 11/05/96
ISSUER: CAI WIRELESS SYSTEMS INC.
SYMBOL: CAWS
THREE MONTHS THREE MONTHS
ENDED ENDED
(Dollar Amounts in Thousands) 09/30/96 09/30/95
I. EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION & AMORTIZATION (EBITDA)
Income From Continuing Ops, Pre-Tax (24,357) (7,750)
Adjustments:
Equity in Net Loss of Affiliate 4,800 N/A
Interest Income (1,867) (241)
Other Income (38) (4)
Depreciation and Amortization 8,456 2,981
Interest Expense 10,144 1,868
------------ ------------
EBITDA (2,862) (3,146)
============ ============
II. INTEREST COVERAGE (EBITDA / INTEREST EXPENSE)
EBITDA (2,862) (3,146)
Interest Expense 10,144 1,868
------------ ------------
COVERAGE (# of times) N/A N/A
============ ============
III. FINANCIAL SUMMARY
THREE MONTHS THREE MONTHS
ENDED ENDED
09/30/96 09/30/95 % Change
Income Statement Summary
Revenue 9,183 3,900 135.46%
Operating Profit (11,318) (6,127) NM
Net Income(Loss) (19,857) (7,708) NM
EPS $(.57) $(.48) NM
Common Stock o/s 40,384,787 16,725,006 141.46%
09/30/96 03/31/96 % Change
Balance Sheet Summary
Cash & Marketable Securities 45,484 103,263 -55.95%
Total Assets 630,991 698,795 -9.70%
Long-Term Fixed Obligations 312,160 318,435 -1.97%
Total Owners Equity 167,336 192,611 -13.12%
SIX MONTHS SIX MONTHS
ENDED ENDED
09/30/96 09/30/95
Cash Flow Summary
Depreciation and Amortization 16,551 5,590
Equity in Net Loss of Affiliate 7,800 N/A
Amortization of Loan Costs and Other 990 872
Minority Interest in Loss N/A (322)
Debt Service Escrow Interest Income 836 N/A
Other N/A 131
Total Cash-Operations (19,170) (8,264)
-Investments (12,048) (100,761)
-Financing (26,561) 251,144
Capital Expenditures (22,153) (4,392)
N/A = Not available
NM = Not meaningful |
