This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NTS Announces Second Quarter Results; Fiber Business Grows 25%

NTS, Inc. (NYSE MKT/TASE: NTS) (“NTS” or the “Company”) announces results for the three months ended June 30, 2013.


Revenues from the Company’s Fiber-To-The-Premises (“FTTP”) business grew 25% to $5.7 million in the second quarter ended June 30, 2013, as compared to $4.5 million for the same period in 2012. FTTP revenues represented 37.2% of consolidated revenues for the second quarter of 2013, as compared to 29.9% of consolidated revenues for the second quarter of 2012.

Consolidated revenues for the quarter ended June 30, 2013 were $15.2 million, essentially flat when compared to the quarter ended June 30, 2012.

For the first six months of 2013, revenues from the Company’s FTTP business grew 28.1% to $11 million from $8.6 million in the first six months of 2012. Consolidated revenues for the six months ended June 30, 2013 were $30.1 million, essentially flat as compared to consolidated revenues of $30 million for the six months ended June 30, 2012.

Customer Expansion

The Company’s total number of FTTP customers as of June 30, 2013 was 10,881, a 27% increase compared to 8,516 FTTP customers as of June 30, 2012. The increase in the Company’s customer base is a result of its expansion into additional communities and increased penetration.

Average Revenue Per User for all of the Company’s fiber markets is approximately $389 per month for business customers and approximately $100 per month for residential customers.

The FTTP network build out is primarily financed by $99.9 million in funds from the Federal Broadband Stimulus Program, of which 45.9% is in the form of grants and 54.1% is in the form of low cost long-term loans.

New Market Progress

During the second quarter of 2013, NTS began connecting fiber customers in Abilene, Texas where the Company established a “metro build” targeting more than 1,000 business customers. With the addition of Abilene, the Company now has a presence in 18 markets in Texas. The Abilene build out is modeled after the NTS metro build in Wichita Falls, Texas where it has seen high demand for its fiber services.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
GOOG $701.26 0.80%
FB $117.80 -0.22%
YHOO $36.94 2.60%
TSLA $211.34 -5.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs