SHEN Q3 2023 Earnings — Shenandoah Telecommunications Company Revenue & Financial Results | Market Cap Arena

SHENShenandoah Telecommunications Company

$820M

Q3 2023 Earnings

Communication Services Telecommunications Services

Income Statement

Revenue

$67M+0.7% YoY

Gross Profit

$41M61.0% margin

Operating Income

-$610,000-0.9% margin

Net Income

$2M2.4% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

-$32M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$404M

Stockholders' Equity

$654M

Cash & Equivalents

$36M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$67M	$67M	+0.7%
Gross Profit	$41M	$39M	+4.3%
Operating Income	-$610,000	-$2M	+65.6%
Net Income	$2M	-$3M	+158.4%

Revenue Segments

Service and Other

$72M90%

Tower Lease

$5M6%

Carrier Access Revenue

$4M5%