After the bell, shares had taken off 2.3% to $2.55.
In its fourth quarter, the 4G and Wi-Fi provider recorded a net loss of 10 cents a share, in line with what analysts surveyed by Thomson Reuters had forecast. The company managed to narrow its losses by 2 cents a share from 12 cents a share in the year-ago quarter.
Revenues for the three months to December totaled $8.52 million, a 3.5% year-over-year increase. However, total sales fell short of expectations of $8.65 million.
For its first quarter, management anticipates revenue between $8.45 million and $8.75 million. This consists of fixed wireless sales in the range of $7.8 million to $8 million and shared wireless infrastructure sales in the range of $650,000 and $750,000.
TheStreet Ratings team rates TOWERSTREAM CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOWERSTREAM CORP (TWER) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself."
- You can view the full analysis from the report here: TWER Ratings Report