Along with XO, two other service providers waited until the last minute to file their quarterly reports.
Lightyear of course is still consolidating its status as a public company, following its reverse merger with Libra Alliance. Therefore, while trends are in flux and out of context, we can at least note just where the company is just now from its 10-Q. Revenues were $11.3M, declining sharply from the same quarter last year due to shifts in product emphasis. Net loss per share was $0.09, slightly improved from the year before. LightYear has said it intends to be acquisitive going forward, looking to buy several (or more) service providers, and therefore I will be keeping an eye on them.
itcd reported revenues of $111.1M, which was in-line with existing trends as the company continues to churn off low margin UNE-P lines. Adjusted EBITDA of $22.8M was up slightly on the improving product mix, as EBITDA margins edged over the 20% mark. I speculated earlier this year that Deltacom might be a consolidation target, and I continue to feel that is the case. However, there are no new rumors out there these days so perhaps I will be proven wrong.
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