Yahoo Finance

• Full Year Revenue: $729 million, a 4% decrease from 2023.

• Adjusted EBITDA: $184 million for 2024, down from $189.5 million in 2023.

• Q4 Revenue: $180.5 million, down 9% year-over-year.

• Q4 Operating Income: $8.7 million, up from $3.3 million in Q4 2023.

• Full Year Operating Loss: $0.8 million, compared to an operating income of $13.2 million in 2023.

• Q4 Net Income: $3.6 million or $0.14 per share, compared to a net loss of $5.8 million or $0.46 per share in Q4 2023.

• Full Year Net Loss: $26.4 million or $2.10 per share, compared to a net loss of $14.5 million or $1.25 per share in 2023.

• International Segment Revenue: $377.5 million for 2024, up nearly 2% year-over-year.

• International Segment Adjusted EBITDA Growth: 9.7% for the full year.

• Domestic Segment Q4 Revenue: $85.8 million, down 18% year-over-year.

• Net Cash Provided by Operating Activities: $129.2 million for 2024, up from $111.6 million in 2023.

• Capital Expenditures: $110.4 million for 2024, net of $108.5 million in reimbursable capital expenditures.

• Government Grants: Over $370 million awarded for fiber deployments.

• Warning! GuruFocus has detected 7 Warning Signs with ATNI.

Release Date: March 05, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• ATN International Inc (NASDAQ:ATNI) expanded its fiber route miles by 32% and doubled the number of broadband homes passed by high-speed services in 2024.

• The company increased its high-speed capable customers by 44%, positioning itself for future growth in fiber and fiber-fed services.

• International segment showed strong performance with a 10% year-over-year growth in adjusted EBITDA and a 21% increase in business mobility revenue.

• ATN International Inc (NASDAQ:ATNI) secured over $370 million in government grants to support fiber deployments, enhancing its infrastructure with lower capital intensity.

• The company improved cash flow from operations by 16% year-over-year, demonstrating strong cost discipline and operational efficiencies.

Negative Points

• Total company revenue for the fourth quarter was down 9% compared to the same period in 2023, primarily due to declines in the US Telecom segment.

• The US Telecom segment faced challenges with the conclusion of the Emergency Connectivity Fund and Affordable Care Program, impacting revenues.

• Full year 2024 saw a net loss of $26.4 million, reflecting a goodwill impairment charge of $35.3 million.

• Adjusted EBITDA for the fourth quarter decreased by 9% year-over-year, driven by declines in US Telecom revenues.

• The company anticipates short-term revenue decline in the US as it transitions away from legacy technologies to fiber-based revenue streams.