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Net income was $2.0 million, compared to $1.8 million.Ĭapital expenditures were $11.1 million, compared to $8.4 million, which includes planned investments to continue our 5G wireless backhaul project.Īdjusted EBITDA was $15.8 million, compared to $14.8 million.Īdjusted free cash flow was $6.3 million, compared to $4.3 million.Ĭash was $26.7 million at September 30, 2019, compared to $15.0 million at December 31, 2018. Operating income was $5.8 million for both periods. Operating expenses were $53.4 million, compared to $52.5 million. Regulatory revenue was $11.1 million, compared to $12.6 million, a decrease of 11.9%, as expected due to the restructuring of the Alaska Universal Service program. Total revenue was $59.1 million, compared to $58.2 million, up 1.5%.īusiness and wholesale revenue was $38.7 million, compared to $36.4 million, up 6.3%.Ĭonsumer revenue was steady at $9.3 million for both periods. Third Quarter 2019 Compared to Third Quarter 2018 We are very excited about our expansion projects and technical capabilities to stay on the forefront of requirements for our advanced products including, our broadband satellite offering, IP voice, and robust data and FiWi networks,” continued Mr. In mass market, we grew on-base multi-dwelling units (MDUs) by an additional 2,000 units and added our largest non-military MDU complex to date. “We are making progress on our deployment of a 5G fiber backhaul network and are on track with provisioning the first route for our 100% prefunded project for one of our strategic customers. In addition, we grew net income 11.3% over last year and increased our Adjusted EBITDA margin to 26.7% for the quarter,” said Bill Bishop, President & CEO.

For the third quarter, we are pleased to report that we grew total broadband revenue by 7.8% over last year. By emphasizing our customer centric approach, we expect to deliver sustainable long-term growth for our shareholders. “We are committed to superior service and network solutions that our customers require in Alaska and the markets we serve in the Lower 48. (NASDAQ: ALSK) today reported financial results for the third quarter of 2019. ANCHORAGE, Alaska-( BUSINESS WIRE)-Alaska Communications Systems Group, Inc.

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