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Article: US LEC Announces Record $70.2 Million in Revenue and $6.0 Million in EBITDA For the Quarter Ended December 31, 2002; Company Achieves 38% Year-Over-Year Revenue Growth and Over 50% Sequential Growth in EBITDA.
- Article from:
- PR Newswire
- Article date:
- February 25, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Continuing its trend of strong financial and operational growth, US LEC Corp. , a super- regional telecommunications carrier providing integrated voice, data and Internet telecommunications services to businesses, today announced results for the quarter and year ended December 31, 2002. The quarter ended December 31, 2002 was highlighted by:
* Net revenues of $70.2 million, a 10% increase over the third quarter,
and a 36% increase over the quarter ended December 31, 2001
* EBITDA improvement to $6.0 million, a $2.0 million sequential
improvement from the quarter ended September 30, 2002
* Restructuring the Company's senior debt agreement to defer ...
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