Towerstream Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Revenue	24.6	26.21	26.9	27.91	29.94
Revenue Growth (YoY)	-6.13%	-2.54%	-3.62%	-6.78%	-6.13%
Cost of Revenue	5.71	6.99	8.29	17.77	14.43
Gross Profit	18.89	19.22	18.6	10.14	15.51
Selling, General & Admin	16.07	19.84	20.76	13.08	15.09
Operating Expenses	22.51	26.57	31.63	22.73	24.77
Operating Income	-3.62	-7.35	-13.03	-12.59	-9.26
Interest Expense	-6.93	-5.2	-6.61	-6.65	-1.67
EBT Excluding Unusual Items	-10.55	-12.55	-19.64	-19.24	-10.93
Merger & Restructuring Charges	-	-	-	-	-0.02
Other Unusual Items	-	-	-0.5	-	-
Pretax Income	-10.55	-12.55	-20.14	-19.24	-10.95
Income Tax Expense	-0.34	-0.08	0.06	-0.04	0.08
Earnings From Continuing Operations	-10.21	-12.47	-20.19	-19.21	-11.03
Earnings From Discontinued Operations	-	-	-0.24	-21.28	-16.56
Net Income	-10.21	-12.47	-20.44	-40.48	-27.59
Preferred Dividends & Other Adjustments	-	1.91	1.72	-	-
Net Income to Common	-10.21	-14.38	-22.16	-40.48	-27.59
Shares Outstanding (Basic)	0	0	0	0	0
Shares Outstanding (Diluted)	0	0	0	0	0
Shares Change (YoY)	18.00%	317.95%	76.58%	1.69%	2.49%
EPS (Basic)	-25.89	-43.01	-277.09	-893.90	-619.54
EPS (Diluted)	-25.89	-43.01	-277.09	-893.90	-619.54
Free Cash Flow	-2.95	-3.81	-10.1	-21.74	-18.5
Free Cash Flow Per Share	-7.48	-11.40	-126.26	-480.06	-415.38
Gross Margin	76.78%	73.32%	69.16%	36.33%	51.81%
Operating Margin	-14.70%	-28.05%	-48.46%	-45.12%	-30.93%
Profit Margin	-41.50%	-54.84%	-82.39%	-145.07%	-92.17%
Free Cash Flow Margin	-11.99%	-14.54%	-37.54%	-77.91%	-61.80%
EBITDA	2.82	-0.62	-2.16	-2.95	0.42
EBITDA Margin	11.46%	-2.35%	-8.02%	-10.56%	1.41%
D&A For EBITDA	6.44	6.73	10.88	9.64	9.68
EBIT	-3.62	-7.35	-13.03	-12.59	-9.26
EBIT Margin	-14.70%	-28.05%	-48.46%	-45.12%	-30.93%
Advertising Expenses	0.04	0.08	0.25	1.06	1.13

Source: S&P Global Market Intelligence. Standard template. Financial Sources.