FiberNet net loss narrows
FiberNet reported a Q2 loss of $1.99 million, down 54.5% from the $4.15 million loss it reported in the same period last year. FiberNet’s revenues remained constant at about $6.5 million, up 1% over the first quarter and last year’s second quarter. Earnings before interest, taxes, depreciation and amortization increased 13% in the second quarter and FiberNet generated positive cash flow of $1.5 million.
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