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Article: Radio Unica Communications Corp. Announces Strong First Quarter Results.
- Article from:
- PR Newswire
- Article date:
- May 3, 2000
CopyrightCOPYRIGHT 2000 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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Revenues Increase 252%
Adjusted EBITDA Improves 31%
MIAMI, May 3 /PRNewswire/ --
Radio Unica Communications Corp. (Nasdaq: UNCA), the nation's only Spanish language radio network, today announced record financial results for the quarter ended March 31, 2000.
Revenues for the first quarter ended March 31, 2000 increased by 252% to $6.2 million from $1.8 million in the first quarter of 1999. Adjusted EBITDA (defined as loss from operations plus depreciation and amortization and stock option compensation expense) improved by 31% to $(4.0) million from $(5.9) million in the same period last year. The net loss applicable to common ...