Towerstream

Towerstream is a leading 4G service provider in the U.S., delivering high-speed wireless Internet access to businesses. Founded in 2000, the Company has established networks in 12 markets including New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Las Vegas-Reno and the greater Providence area where the Company is based.
Company Growth (employees)
Type
Public
HQ
Middletown, US
Founded
1999
Size (employees)
98 (est)-35%
Towerstream was founded in 1999 and is headquartered in Middletown, US

Towerstream Office Locations

Towerstream has an office in Middletown
Middletown, US (HQ)
88 Silva Lane, Tech IV Building

Towerstream Data and Metrics

Towerstream Financial Metrics

Towerstream's revenue was reported to be $6.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

6.6 m

Net income (Q1, 2017)

(3.8 m)

EBIT (Q1, 2017)

(2.5 m)

Market capitalization (20-Jul-2017)

1.6 m

Closing share price (20-Jul-2017)

0.1

Cash (31-Mar-2017)

11.1 m
Towerstream's current market capitalization is $1.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

33.4 m33 m27.9 m26.9 m

Revenue growth, %

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

Cost of goods sold

22.9 m24.5 m10.6 m

Gross profit

10.5 m8.5 m17.3 m

Gross profit Margin, %

31%26%62%

Sales and marketing expense

3.9 m

General and administrative expense

7.8 m

Operating expense total

11.7 m

EBIT

(25.5 m)(25.8 m)(12.6 m)(13.5 m)

EBIT margin, %

(76%)(78%)(45%)(50%)

Interest expense

220.6 k1.7 m6.7 m6.6 m

Interest income

2.9 k

Pre tax profit

(24.7 m)(27.5 m)(19.2 m)(20.1 m)

Income tax expense

(78.5 k)(78.5 k)37.6 k(56.7 k)

Net Income

(24.8 m)(27.6 m)(40.5 m)(20.4 m)
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017

Revenue

8.4 m8.3 m8.3 m8 m7.9 m7.8 m6.7 m6.9 m6.6 m

Cost of goods sold

5.9 m6.1 m6.2 m6.4 m6.3 m6.2 m

Gross profit

2.5 m2.2 m2.1 m1.6 m1.5 m1.6 m

Gross profit Margin, %

30%26%25%20%20%21%

Sales and marketing expense

1.4 m1.4 m1.4 m1.3 m1.5 m1.5 m1.5 m884 k865 k

General and administrative expense

2.7 m2.7 m2.4 m2.9 m2.4 m2.2 m2 m1.6 m1.5 m

Operating expense total

4.1 m4.1 m3.7 m4.2 m4 m3.7 m3.5 m2.5 m2.4 m

EBIT

(6.4 m)(6.3 m)(6.2 m)(7.3 m)(7.2 m)(6.8 m)(3.7 m)(3.1 m)(2.5 m)

EBIT margin, %

(77%)(77%)(75%)(91%)(91%)(88%)(54%)(45%)(39%)

Interest expense

70.5 k59.5 k44 k1.7 m1.7 m1.7 m1.6 m1.6 m1.3 m

Interest income

7.4 k

Net Income

(6.5 m)(6.4 m)(6.3 m)(8.9 m)(8.9 m)(8.5 m)(7 m)(4.7 m)(3.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

28.2 m38 m15.1 m12.3 m

Accounts Receivable

611.5 k1.3 m308.6 k

Inventories

925.6 k926.7 k474 k

Current Assets

29.7 m40.3 m22.5 m13.4 m

PP&E

38.5 m33.9 m21.2 m15.3 m

Goodwill

1.7 m1.7 m1.7 m1.7 m

Total Assets

74.9 m82.3 m48.7 m34.4 m

Accounts Payable

1.2 m871.3 k877.1 k323.6 k

Current Liabilities

6 m5.2 m9 m4.5 m

Non-Current Liabilities

2.8 m35.2 m37.2 m32.7 m

Total Liabilities

8.8 m40.4 m46.2 m37.2 m

Additional Paid-in Capital

154.2 m157.6 m158.7 m173.8 m

Retained Earnings

(88.1 m)(115.7 m)(156.2 m)(176.7 m)

Total Equity

66.1 m42 m2.5 m

Financial Leverage

1.1 x2 x19.1 x
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017

Cash

21.2 m17.3 m11.9 m32.3 m26.1 m20.3 m9.6 m10 m11.1 m

Accounts Receivable

1.1 m796.5 k1 m1.1 m1 m959.1 k366.4 k410.6 k

Current Assets

23.8 m19.5 m14.4 m34.8 m28.4 m22.4 m11.6 m11.4 m12.3 m

PP&E

37.9 m36.8 m35.4 m32.3 m31.5 m30 m20.6 m18.5 m13.8 m

Goodwill

1.7 m1.7 m1.7 m1.7 m1.7 m1.7 m1.7 m1.7 m1.7 m

Total Assets

67.7 m62.2 m55.5 m74.8 m67.2 m59.3 m39.2 m36.5 m31.4 m

Accounts Payable

756.2 k1.5 m603.9 k942.5 k984 k1 m508 k334.5 k174.8 k

Current Liabilities

4.8 m5.5 m4.9 m5.7 m5.8 m5.8 m7.8 m6.9 m4.6 m

Non-Current Liabilities

3 m2.9 m2.8 m35.8 m36.7 m37.2 m35.6 m36.1 m33.1 m

Additional Paid-in Capital

154.5 m154.7 m154.9 m157.9 m158.1 m158.3 m159 m161.5 m174.1 m

Retained Earnings

(94.7 m)(101 m)(107.3 m)(124.7 m)(133.5 m)(142 m)(163.2 m)(167.9 m)(180.5 m)

Total Equity

59.9 m53.8 m47.7 m33.3 m24.6 m16.3 m(6.3 m)

Financial Leverage

1.1 x1.2 x1.2 x2.2 x2.7 x3.6 x-5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(24.8 m)(27.6 m)(40.5 m)(20.4 m)

Depreciation and Amortization

15.4 m13.6 m9.6 m10.9 m

Accounts Receivable

(8 k)(1 m)146.5 k(221.5 k)

Inventories

17.8 k(1.1 k)(159.9 k)

Cash From Operating Activities

(9.5 m)(13.4 m)(15.3 m)(7.7 m)

Cash From Investing Activities

(7.6 m)(7 m)(6.7 m)(2.3 m)

Cash From Financing Activities

30.1 m30.3 m(973.8 k)7.2 m

Interest Paid

220.6 k833.4 k3.2 m3.1 m

Income Taxes Paid

36.5 k24.6 k24 k13.9 k
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2017

Net Income

(6.5 m)(6.4 m)(6.3 m)(8.9 m)(8.9 m)(8.5 m)(7 m)(4.7 m)(3.8 m)

Depreciation and Amortization

3.7 m3.3 m3.3 m3.4 m3.4 m3.4 m2.5 m3 m2.4 m

Accounts Receivable

1.1 m796.5 k1 m1.1 m1 m959.1 k366.4 k410.6 k

Accounts Payable

756.2 k1.5 m603.9 k942.5 k984 k1 m508 k334.5 k174.8 k
USDY, 2017

Revenue/Employee

52.4 k

Financial Leverage

-5 x

Towerstream Market Value History

Traffic Overview of Towerstream

Towerstream Online and Social Media Presence

Towerstream News and Updates

BRIEF-Towerstream says it has filed for a non-timely 10-Q

* Expects consolidated statement for quarter ended June 30 will report an overall reduction in net loss compared to corresponding period Source - http://bit.ly/2ayfg5r Further company coverage:

Towerstream Company Life and Culture

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