Cable & Telecom

“Transitional and transformational year” at TeraGo begins with a $1.1M loss

TORONTO – Despite a 2.4% gain in revenue, TeraGo saw first quarter profits plunge 182%.Total revenue for the three months ended March 31, 2014 was $12.9 million, down from $12.6 million for the same period in 2013.  However, the company posted a net loss of $1.1 million compared to net earnings of $1.3 million year-over-year.Adjusted EBITDA for the period was $3.8 million, down 12% from $4.3 million for the same period last year, due to a decrease in access revenue and selective investments in sales and marketing.  Gross profit margin was 77.7%, down slightly from 78.0% for the first quarter...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.