SHEN Q1 2023 Earnings — Shenandoah Telecommunications Company Revenue & Financial Results | Market Cap Arena

SHENShenandoah Telecommunications Company

$820M

Q1 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$72M+11.3% YoY

Gross Profit

$45M62.9% margin

Operating Income

$3M3.8% margin

Net Income

$2M2.9% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$48M

Free Cash Flow

-$19M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$364M

Stockholders' Equity

$643M

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$72M	$64M	+11.3%
Gross Profit	$45M	$38M	+18.5%
Operating Income	$3M	-$380,000	+817.9%
Net Income	$2M	-$603,000	+442.6%

Revenue Segments

Broadband Segment

$67M94%

Tower Segment

$5M6%