OverviewSuggest Edit

Towerstream provides fixed wireless broadband services over a wireless network transmitting over regulated and unregulated radio spectrum to commercial customers in the United States. The Company's wireless broadband service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data, and video services. It offers its services through direct sales force and serves business customers in numerous countries.
TypePublic
Founded1999
HQMiddletown, US
Websitetowerstream.com
Employee Ratings2.5

Locations

Towerstream is headquartered in
Middletown, United States

Location Map

Latest Updates

Employees (est.) (Dec 2018)44(-45%)
Job Openings2
Revenue (FY, 2018)$24.6 M(-6%)
Share Price (Oct 2020)$0.3 (+75%)
Cybersecurity ratingCMore

Towerstream Office Locations

Towerstream has an office in Middletown
Middletown, US (HQ)
76 Hammarlund Way 3 building
Show all (1)

Towerstream Financials and Metrics

Towerstream Revenue

Towerstream's revenue was reported to be $24.60 m in FY, 2018
USD

Revenue (FY, 2018)

24.6m

Net income (FY, 2018)

(10.2m)

EBIT (FY, 2018)

(3.6m)

Market capitalization (14-Oct-2020)

138.0k

Closing stock price (14-Oct-2020)

0.3

Cash (31-Dec-2018)

4.2m

EV

35.3m
Towerstream's current market capitalization is $138 k.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

26.5m32.3m33.4m33.0m27.9m26.9m26.2m24.6m

Revenue growth, %

(1%)(16%)(4%)

Cost of goods sold

8.2m16.4m22.9m24.5m10.6m

Gross profit

18.3m15.9m10.5m8.5m17.3m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

6.6m6.8m7.8m8.1m8.1m8.3m8.2m8.4m8.4m8.3m8.3m8.0m7.9m7.8m6.7m6.9m6.7m6.6m6.5m6.6m6.4m6.2m6.1m

Cost of goods sold

1.8m2.2m3.1m3.7m4.4m5.2m5.4m5.8m5.9m6.1m6.2m6.4m6.3m6.2m

Gross profit

4.7m4.5m4.8m4.4m3.7m3.1m2.9m2.6m2.5m2.2m2.1m1.6m1.5m1.6m

Gross profit Margin, %

72%67%61%54%45%37%35%31%30%26%25%20%20%21%
USDQ2, 2011

Financial Leverage

1.1 x
Show all financial metrics

Towerstream Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Towerstream Online and Social Media Presence

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Towerstream News and Updates

Towerstream Announces Resignation of Chief Financial Officer

MIDDLETOWN, R.I., May 22, 2019 (GLOBE NEWSWIRE) -- Towerstream Corporation (OTCQB:TWER), a fixed wireless fiber alternative provider, announced today that John “Jack” Macdonald, Chief Financial Officer, has resigned effective June 7, 2019, to pursue another career opportunity. The Board of Directo…

Towerstream Announces Promotion of Michael Connors to Senior Vice President of Operations

MIDDLETOWN, R.I., March 07, 2019 (GLOBE NEWSWIRE) -- Towerstream Corporation (OTCQB:TWER) a fixed wireless fiber alternative provider,  today announced that Michael Connors has been promoted to Senior Vice President of Operations.

Towerstream Announces Separation from Chief Operating Officer

MIDDLETOWN, R.I., Feb. 25, 2019 (GLOBE NEWSWIRE) -- Towerstream Corporation (the "Company") announced today the separation from Arthur Giftakis, Chief Operating Officer, which was effective February 21, 2019.  The Company expects to commence a search for a new Chief Operating Officer immediately.

Towerstream Frequently Asked Questions

  • When was Towerstream founded?

    Towerstream was founded in 1999.

  • How many employees does Towerstream have?

    Towerstream has 44 employees.

  • What is Towerstream revenue?

    Latest Towerstream annual revenue is $24.6 m.

  • What is Towerstream revenue per employee?

    Latest Towerstream revenue per employee is $559.2 k.

  • Who are Towerstream competitors?

    Competitors of Towerstream include Crown Castle, D-VoiS Communications and Allied Telecom Group.

  • Where is Towerstream headquarters?

    Towerstream headquarters is located at 76 Hammarlund Way 3 building, Middletown.

  • Where are Towerstream offices?

    Towerstream has an office in Middletown.

  • How many offices does Towerstream have?

    Towerstream has 1 office.