OverviewSuggest Edit

Otelco is a full-service telecommunications provider, offering a wide array of communication services including telephone, long distance, Internet, broadband services, and television. In addition to providing communication services, the company has a focus on the local, rural communities with sponsorships and volunteer activities. It continues to grow through acquisitions and offering new products and services to our existing customers.

TypePublic
Founded1998
HQNew Gloucester, ME, US
Websiteotelco.com

Latest Updates

Employees (est.) (Dec 2018)201(-7%)
Revenue (FY, 2020)$62 M(-1%)
Share Price (May 2021)$0.8
Cybersecurity ratingFMore

Otelco Office Locations

Otelco has offices in New Gloucester, Arab, Bangor, Blountsville and in 5 other locations
New Gloucester, ME, US (HQ)
Poland Hall, 56 Campus Dr
Arab, AL, US
113 S Main St
Bangor, ME, US
900 Hammond St
Blountsville, AL, US
68959 Main St S
Granby, MA, US
215 W State St
Oneonta, AL, US
505 3rd Ave E
Show all (9)

Otelco Financials and Metrics

Otelco Revenue

Otelco's revenue was reported to be $61.97 m in FY, 2020
USD

Revenue (FY, 2020)

62.0m

Gross profit (FY, 2020)

31.7m

Gross profit margin (FY, 2020), %

51.2%

Net income (FY, 2020)

6.3m

EBIT (FY, 2020)

11.5m

Market capitalization (26-May-2021)

40.2m

Closing stock price (26-May-2021)

0.8

Cash (31-Dec-2020)

8.4m

EV

99.8m
Otelco's current market capitalization is $40.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

101.8m98.4m79.0m73.9m71.1m68.9m68.5m66.1m62.8m62.0m

Revenue growth, %

(6%)(4%)(3%)

Cost of goods sold

30.6m30.1m30.3m

Gross profit

35.5m32.7m31.7m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q3, 2020

Revenue

25.4m25.5m25.3b25.4m24.7m24.4m21.0m19.7m19.0m18.8m18.5m18.4m17.6m17.9m17.9m17.5m17.2m17.4m17.4m17.4m16.9m16.7m16.9m16.3m15.8m15.7m15.8m15.4m15.6m

Cost of goods sold

7.6m7.6m7.5m7.5m7.5m7.4m

Gross profit

8.7m8.2m8.2m8.2m7.9m8.2m

Gross profit Margin, %

53%52%52%52%51%52%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

12.4m32.5m9.9m5.1m6.9m10.5m3.6m4.7m3.1m8.4m

Accounts Receivable

4.4m4.2m3.7m3.7m3.6m6.1m4.6m4.2m3.9m3.9m

Prepaid Expenses

5.4m2.0m1.9m3.4m2.8m3.1m1.2m1.6m1.3m

Inventories

2.2m
USDQ1, 2011

Debt/Equity

-35.9 x

Debt/Assets

0.9 x

Financial Leverage

-42.2 x
Show all financial metrics

Otelco Cybersecurity Score

Cybersecurity ratingPremium dataset

F

59/100

SecurityScorecard logo

Otelco Online and Social Media Presence

Embed Graph

Otelco News and Updates

Oak Hill Capital Completes Acquisition of Otelco Inc.

NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capi…

Otelco Reports Fourth Quarter and 2020 Financial and Operational Results

ONEONTA, Ala., March 16, 2021 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its …

OTELCO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Otelco Inc. - OTEL

NEW ORLEANS, Aug. 6, 2020 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Otelco Inc. (NasdaqGS: OTEL) to affiliates formed by Oak Hill Capital. Under the terms of the...

Otelco Reports Second Quarter 2020 Financial and Operational Results

ONEONTA, Ala., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia, today announced operational and financial results for its s…

Kaskela Law LLC Announces Stockholder Investigation of Otelco Inc. (OTEL) and Encourages Investors to Contact the Firm

PHILADELPHIA, July 28, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Otelco Inc. ("Otelco") (NASDAQ: OTEL) on behalf of the company's shareholders. On July 27, 2020, Otelco announced that it had agreed to be acquired by affiliates formed by Oak Hill Capital ("Oak...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Otelco, Inc.

NEW YORK, July 27, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Otelco, Inc. ("OTEL" or the "Company") (NASDAQ: OTEL) in connection with the proposed acquisition of the Company by affiliates...
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Otelco Blogs

OTELCO grows team in Maine and Alabama

OTELCO has announced a number of new hires in its Maine and Alabama offices. Robert Musinski joins OTELCO as an OSP Field Technician in its Bangor, ME, office. Previously, he worked with coaxial cable for a year doing DirectTV installation and repair. Robert has been in the US Military since 2015, f…

OTELCO expands installation team in Alabama; welcomes new hires in Maine

OTELCO’s growing team includes new additions in its Alabama and Maine markets. OTELCO has hired three new Installation & Repair Technicians in its Oneonta, AL, OSP Office: John-Mark Crocker is a graduate of Homewood High School and has received certificates in OSHA 10, NCCER Core, NCCER Electric…

How to stay safe while shopping for back to school supplies online

It’s back-to-school season, and e-commerce sales are expected to be 53% higher than they were during the same period in 2019. With parents and kids eager for a fresh start, the increase in spending means online shoppers are also at risk of virtual threats and scammers waiting to take advantage of un…

OTELCO announces new hires across markets

OTELCO is pleased to welcome new hires in its Maine, Alabama, Vermont, and New York markets. Several new employees have been hired in the company’s New Gloucester, ME, office. Bryan Pahigian joins OTELCO as a Marketing Coordinator. He has a bachelor’s in Sports Management from USM and ten years of e…

OTELCO Making $33 Million Investment in Fiber to the Premise (FTTP) Infrastructure in Maine as it Expands its Existing Network to 43,000 Additional Locations

OTELCO, a telecommunications provider serving areas of Maine, Alabama, Massachusetts, Missouri, Vermont, and West Virginia, is constructing FTTP in portions of an additional 12 communities in Maine. In addition to a recent announcement of a 240-mile build serving nearly 9,200 locations in Gorham, Wi…

OTELCO Expanding Its Lightwave Fiber Internet Zone into Old Town and Orono

June 28, 2021 (Old Town, Orono, and Bangor, ME) – OTELCO, a telecommunications provider serving areas of Maine, Alabama, Massachusetts, Missouri, Vermont, and West Virginia, is bringing improved broadband connectivity with its Lightwave Fiber Internet to Old Town and Orono. Through a collaboration w…
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Otelco Frequently Asked Questions

  • When was Otelco founded?

    Otelco was founded in 1998.

  • How many employees does Otelco have?

    Otelco has 201 employees.

  • What is Otelco revenue?

    Latest Otelco annual revenue is $62 m.

  • What is Otelco revenue per employee?

    Latest Otelco revenue per employee is $308.3 k.

  • Who are Otelco competitors?

    Competitors of Otelco include Buckeye Broadband, Altice USA and Taegu Broadcasting.

  • Where is Otelco headquarters?

    Otelco headquarters is located at Poland Hall, 56 Campus Dr, New Gloucester.

  • Where are Otelco offices?

    Otelco has offices in New Gloucester, Arab, Bangor, Blountsville and in 5 other locations.

  • How many offices does Otelco have?

    Otelco has 9 offices.