Internap Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total revenues of $70,035,000 as compared to $74,117,000 a year ago. Income from operations was $5,603,000 as compared to loss from operations of $4,998,000 a year ago. Loss before income taxes and equity in earnings of equity-method investment was $7,332,000 as compared to $12,923,000 a year ago. Net loss attributable to INAP shareholders was $6,934,000 as compared to $13,110,000 a year ago. Diluted and basic net loss per share attributable to INAP shareholders were $0.35 as compared to $1.01 a year ago. Net cash flows provided by operating activities were $13,808,000 as compared to $10,185,000 a year ago. Sequential increase and higher net cash flows from operating activities, driven by working capital timing is lower exit and restructuring expenses. Purchases of property and equipment were $12,516,000 as compared to $5,632,000 a year ago. Additions to acquired and developed technology were $100,000 as compared to $618,000 a year ago. Adjusted EBITDA was $24,363,000 as compared to $21,561,000 a year ago. Unlevered free cash flow was $12,985,000 as compared to $11,539,000 a year ago. Normalized net loss attributable to the company's shareholders was $5,541,000 against $5,497,000 a year ago. Free cash flow was $1,192,000 against $3,935,000 a year ago. The increases in Adjusted EBITDA were primarily driven by continued focus on cost savings in real estate and network facilities, and INAP's initiative to exit less profitable data center sites.  The year over year revenue decline was reduced to 3.9%. In addition, year over year declines were partially offset by approximately $1.9 million in revenue from the consolidation of INAP Japan, and $1.3 million from the acquisition of a new data center in Atlanta with an anchor tenant.

For the period, the company reported total revenues of $280,718,000 as compared to $298,297,000 a year ago. Income from operations was $4,774,000 as compared to loss from operations of $93,070,000 a year ago. Loss before income taxes and equity in earnings of equity-method investment was $46,227,000 as compared to $124,382,000 a year ago. Net loss attributable to INAP shareholders was $45,343,000 as compared to $124,742,000 a year ago. Diluted and basic net loss per share attributable to INAP shareholders were $2.39 as compared to $9.54 a year ago. Net cash flows provided by operating activities were $39,165,000 as compared to $46,449,000 a year ago. Purchases of property and equipment were $35,714,000 as compared to $44,364,000 a year ago. Additions to acquired and developed technology were $735,000 as compared to $1,828,000 a year ago. Total year adjusted EBITDA was $92.2 million and slightly ahead of the top of guidance. Maintained capital expenditures were $36.4 million.

The company provided earnings guidance for the full year 2018. For the year, the company expects total revenue to be in the range of $320 million - $330 million, depreciation and amortization is expected to be $70 million, interest expense to be $59 million, net loss attributable to the company shareholders to be $48 million to $38 million, and adjusted EBITDA is expected to be in the range of $105 million - $115 million. Capital expenditures expected to be in the range of $40 million to $45 million.