GVIC Communications Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018
GVIC Communications Corp. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's adjusted revenue was $53,086,000 against $55,435,000 a year ago. Adjusted EBITDA was $6,672,000 against $7,426,000 a year ago. Adjusted EBITDA margin was 12.6% against $13.4% a year ago. Adjusted EBITDA per share was $0.022 against $0.025 per share a year ago. Adjusted net income attributable to common shareholders before non-recurring items was $1,356,000 against $1,850,000 a year ago. Adjusted net income attributable to common shareholders before non-recurring items per share was $0.005 against $0.006 per share a year ago. Adjusted cash flow from operations was $5,509,000 against $6,357,000 a year ago. Adjusted cash flow from operations per share was $0.018 against $0.021 per share a year ago. Revenue was $44,858,000 against $47,060,000 a year ago. EBITDA was $3,963,000 against $4,666,000 a year ago. EBITDA margin was 8.8% against 9.9% a year ago. EBITDA per share was $0.013 against $0.016 per share a year ago. Net loss attributable to common shareholders was $83,000 against income of $1,584,000 a year ago. At March 31, 2018, senior debt was $37.1 million.