Winstar Comm. (WCII) Message Board

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Technology Stocks : Winstar Comm. (WCII)

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To: MARK JALBERT who wrote (907)	3/10/1997 10:27:00 PM
From: Ross Abrams	of 12468

Here's Advance Radio Telecom's Stats: ART REPORTS END-OF-YEAR FINANCIALS Advanced Radio Telecom (ART) grew its revenue to $2.9 million in 1996, up from $5,793 in 1995, thanks to installation of 370 radio links, 80 of which began generating revenue. Revenue for the fourth quarter of 1996, $2.8 million. Net loss for the year was $30.7 million ($3.97 a share),up from a loss of $3.2 million (54 cents) in 1995. ART reported losing $10.3 million in the fourth quarter of 1996, up from a loss of $2.2 million during the same period the previous year. Losses were attributed to substantial development activities, which included the buildout of radio links and acquisition of more 38 GHz licenses, as well as a$3.7 million charge related to an unused bridge note commitment and an extraordinary item of $1.3 million related to the early repayment of debt.

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