Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth p ...

WideOpenWest (WOW) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.01 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 31.58%. A quarter ago, it was expected that this cable TV company would post a loss of $0.15 per share when it actually produced a loss of $0.18, delivering a surprise of -20%. Over the last four quarters, the company has surp ...

Leading broadband provider recognized for outstanding commitment to employees and exceptional workplace environment ENGLEWOOD, Colo., July 31, 2024 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, was recognized by Workforce Research Group and Florida Trend as one of the Best Companies To Work For In Florida. This honor follows the selection of WOW! as a Best and Brightest Company to Work For in the Nation® for the 7th consecutive year, and comes on the heels of ...

ENGLEWOOD, Colo., July 16, 2024 /PRNewswire/ -- WOW! Internet, TV & Phone (NYSE: WOW), a leading broadband services provider, was named a 2024 Best and Brightest Company to Work For in the Nation® for the 11th time, and for the seventh consecutive year, by the National Association for Business Resources (NABR). "What I love about working at WOW! is how I've had the chance to grow professionally in my role and, at the same time, learn so much outside of it as well," said Megan Sapp, senior manager of enterpr ...

Since November 2023, shares of WideOpenWest's common stock have declined in value from a trading price of over $7.50 per share to a current trading price of approximately $5.00 per share, a decline of over 33% in value. WideOpenWest shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 – 0750, or by clicking on the following link (or if necessary, copying and ...

WideOpenWest, Inc. (NYSE:WOW) Q1 2024 Results Conference Call May 7, 2024 8:00 AM ET Company Participants Andrew Posen - Vice President, Head of Investor Relations Teresa Elder - Chief Executive Officer John Rego - Chief Financial Officer Operator Thank you for standing by. My name is Dee, and I will be your conference operator today. At this time, I would like to welcome everyone to the WideOpenWest First Quarter 2024 Earnings Call. I would now like to turn the call over to Andrew Posen, Vice President, He ...

PART I. Financial Information [Financial Statements (Unaudited)](index=5&type=section&id=Item%201%3A%20Financial%20Statements%20%28Unaudited%29) This section presents the unaudited condensed consolidated financial statements for Q1 2024, including balance sheets, operations, equity, and cash flows [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2024, total assets were $1,536.0 million and total stockholders' equity was $244.6 million Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $111.9 | $110.2 | | **Total Assets** | **$1,536.0** | **$1,514.7** | | **Total Current Liabilities** | $169.1 | $169.6 | | **Total Liabilities** | **$1,291.4** | **$1,256.5** | | **Total Stockholders' Equity** | **$244.6** | **$258.2** | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q1 2024, total revenue was $161.5 million, resulting in a net loss of $15.0 million, a significant improvement from the $38.0 million net loss in Q1 2023 Condensed Consolidated Statement of Operations (in millions, except per share data) | Metric | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | **Revenue** | **$161.5** | **$172.2** | | Operating Expenses | $67.5 | $78.1 | | Selling, General & Administrative | $36.4 | $85.5 | | Income (Loss) from Operations | $5.2 | $(36.9) | | **Net Loss** | **$(15.0)** | **$(38.0)** | | **Basic & Diluted Loss Per Share** | **$(0.18)** | **$(0.46)** | [Condensed Consolidated Statements of Stockholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders%27%20Equity) Stockholders' equity decreased to $244.6 million in Q1 2024, driven by a net loss and treasury stock purchases, partially offset by stock-based compensation - Total stockholders' equity decreased by **$13.6 million** during Q1 2024, from **$258.2 million** to **$244.6 million**[15](index=15&type=chunk) - Key changes included a **$15.0 million** net loss, **$1.6 million** for share purchases, and a **$3.0 million** addition from stock-based compensation[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities was $33.2 million in Q1 2024, leading to a net decrease in cash of $4.2 million and an ending balance of $19.2 million Summary of Cash Flows (in millions) | Cash Flow Activity | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $33.2 | $32.6 | | Net Cash used in Investing Activities | $(72.5) | $(60.1) | | Net Cash from Financing Activities | $35.1 | $17.7 | | **Net Decrease in Cash** | **$(4.2)** | **$(9.8)** | | **Cash at End of Period** | **$19.2** | **$21.2** | [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of accounting policies and financial statement line items, including revenue, debt, and significant prior-year patent settlement accruals Revenue by Service Offering (in millions) | Service | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Residential HSD | $86.9 | $86.8 | | Residential Video | $29.3 | $39.2 | | Residential Telephony | $4.8 | $5.6 | | Business Subscription | $28.0 | $27.8 | | Other | $12.5 | $12.8 | | **Total Revenue** | **$161.5** | **$172.2** | - In Q1 2024, the company entered into five separate pay-fixed interest rate swap agreements, each with a notional amount of **$100 million**, to hedge approximately **52%** of its term loan variable rate exposure[64](index=64&type=chunk)[65](index=65&type=chunk) - A patent infringement claim from Sprint was settled in April 2023, resulting in a **$46.8 million** expense accrual included in SG&A for the quarter ended March 31, 2023[70](index=70&type=chunk)[71](index=71&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=Item%202%3A%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2024 financial performance, emphasizing the 'broadband first' strategy, a 6% revenue decrease, and an improved net loss of $15.0 million - The company's core strategy is 'broadband first,' focusing on HSD as the greatest opportunity for profitability[77](index=77&type=chunk) - In Q1 2024, approximately **92%** of new residential connections were for HSD only, an increase from **88%** in Q1 2023[78](index=78&type=chunk) Subscriber Trends | Metric | March 31, 2023 | March 31, 2024 | | :--- | :--- | :--- | | Homes Passed | 1,885,700 | 1,948,500 | | Total Subscribers | 527,300 | 500,700 | | HSD RGUs | 508,700 | 489,700 | | Video RGUs | 117,100 | 79,300 | [Results of Operations](index=29&type=section&id=Results%20of%20Operations) Total revenue for Q1 2024 decreased by 6% to $161.5 million, while operating expenses fell and SG&A expenses dropped significantly due to the absence of a prior-year litigation settlement - Total subscription revenue decreased by **$10.4 million** (**7%**) due to a reduction in Video and HSD RGUs, partially offset by ARPU increases from rate hikes[95](index=95&type=chunk) - Operating expenses decreased by **$10.6 million** (**14%**), largely due to an **$8.9 million** reduction in programming costs corresponding to the decline in Video subscribers[98](index=98&type=chunk) - SG&A expenses decreased by **$49.1 million** (**57%**), primarily due to the absence of the patent litigation settlement expense recorded in Q1 2023[100](index=100&type=chunk) - Interest expense increased by **$6.1 million** (**41%**) due to a higher overall debt balance, higher interest rates, and the impact of new derivative instruments[102](index=102&type=chunk) [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2024, the company had $19.2 million in cash and $4.3 million available credit, with $33.2 million cash from operations and increased capital expenditures - As of March 31, 2024, the company had **$19.2 million** in cash and cash equivalents and **$4.3 million** of available borrowing capacity under its Revolving Credit Facility[109](index=109&type=chunk)[110](index=110&type=chunk) Capital Expenditures Breakdown (in millions) | Category | Q1 2024 | Q1 2023 | | :--- | :--- | :--- | | Scalable infrastructure | $32.6 | $17.9 | | Customer premise equipment | $18.6 | $16.2 | | Line extensions | $11.1 | $16.0 | | Support capital and other | $10.2 | $10.1 | | **Total** | **$72.5** | **$60.2** | | *Included in total - Greenfields* | *$43.1* | *$20.2* | [Quantitative and Qualitative Disclosures about Market Risk](index=34&type=section&id=Item%203%3A%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its variable-rate debt, mitigated by swaps, with a 1% SOFR change impacting annual interest expense by $4.5 million - The company's main market risk is from fluctuating interest rates on its variable-rate debt[118](index=118&type=chunk) - As of March 31, 2024, after considering interest rate swaps, approximately **48%** of the Senior Secured Credit Facility is still variable rate debt[118](index=118&type=chunk) - A hypothetical **100 basis point (1%)** change in SOFR would result in an annual interest expense change of approximately **$4.5 million**[118](index=118&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204%3A%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of March 31, 2024, with no material changes in internal control over financial reporting - The CEO and CFO concluded that disclosure controls and procedures were effective as of March 31, 2024[121](index=121&type=chunk) - There were no changes in internal control over financial reporting during Q1 2024[122](index=122&type=chunk) PART II. Other Information [Legal Proceedings](index=37&type=section&id=Item%201%3A%20Legal%20Proceedings) The company refers to Note 13 for details on legal proceedings, including the significant patent infringement settlement with Sprint from Q1 2023 - For details on legal proceedings, the report refers to Note 13 – Commitments and Contingencies[125](index=125&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A%3A%20Risk%20Factors) There have been no material changes to the risk factors set forth in the 2023 Annual Report on Form 10-K - There have been no material changes to the risk factors set forth in the 2023 Annual Report on Form 10-K[126](index=126&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=37&type=section&id=Item%202%3A%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company purchased 339,891 shares in Q1 2024 for employee tax withholding on vested restricted stock awards, not as part of a public buyback - During Q1 2024, the company purchased **339,891** of its own shares. These were not part of a buyback program but were shares withheld from employees to cover taxes on vested restricted stock awards[127](index=127&type=chunk) [Defaults Upon Senior Securities](index=37&type=section&id=Item%203%3A%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[128](index=128&type=chunk) [Mine Safety Disclosures](index=37&type=section&id=Item%204%3A%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[129](index=129&type=chunk) [Other Information](index=37&type=section&id=Item%205%3A%20Other%20Information) No directors or Section 16 officers adopted, amended, or terminated any Rule 10b5-1 trading plans or other arrangements during Q1 2024 - No directors or Section 16 officers amended, adopted, or terminated any Rule 10b5-1 trading arrangements during Q1 2024[130](index=130&type=chunk) [Exhibits](index=38&type=section&id=Item%206%3A%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including corporate documents, Sarbanes-Oxley certifications, and iXBRL financial statements - The report lists filed exhibits, including Sarbanes-Oxley certifications (31.1, 31.2, 32.1) and iXBRL data (101, 104)[131](index=131&type=chunk)

Exhibit 99.1 WOW! REPORTS FIRST QUARTER 2024 RESULTS First Quarter 2024 Highlights (1) "Our first quarter results represent a strong start to the year as we make further progress in our new Greenfield markets and continued improvements in our legacy footprint," said Teresa Elder, WOW!'s CEO. "The strong penetration rates across our business reinforces our conviction in our strategy and confidence in our teams to continue growing our business." "Our first quarter results which included year-over-year growth ...

Financial Data and Key Metrics Changes - High-speed data (HSD) revenue for Q4 2023 was $108.7 million, up 1.5% year-over-year, while total revenue declined by 6.5% to $168.8 million due to drops in video and telephony revenue [9][22] - Adjusted EBITDA for Q4 2023 was $71.2 million, a decrease of 4.6% year-over-year, but with a record adjusted EBITDA margin of 42.2% [9][22] - For the full year, HSD revenue increased 4.4% to $430.4 million, while adjusted EBITDA declined by 1.7% to $275.4 million, with an adjusted EBITDA margin of 40.1% [10] Business Line Data and Key Metrics Changes - HSD revenue now constitutes 64% of total revenue, up from 59% in the same period last year, indicating a shift towards higher-margin services [22] - HSD average revenue per user (ARPU) reached a new high of $72.90, with expectations for further increases in 2024 [16] Market Data and Key Metrics Changes - The company passed 48,400 new homes in 2023, with 30,400 in Greenfield markets and 18,000 in Edge-outs, marking the most robust quarterly expansion in its history [10][11] - Penetration rates in Greenfield markets decreased to just under 10% in Q4 due to increased homes passed, but cohorts showed strong penetration rates averaging over 20% within the first six months after activation [18] Company Strategy and Development Direction - The company is focusing on market expansion and has seen positive early indicators in legacy markets to stabilize subscriber losses [8] - A simplified pricing model with no data caps and price locks has been introduced, which has been well received by customers [14] - The partnership with YouTube TV is expected to enhance content offerings and capitalize on the shift to video streaming [17] Management's Comments on Operating Environment and Future Outlook - Management noted that subscriber losses in Q4 were in line with expectations due to a challenging macro environment, but improvements are anticipated in Q1 2024 [13][32] - The company expects HSD subscribers to decline between 2,000 and 500 in Q1, a significant improvement from Q4 [33] Other Important Information - The company ended Q4 with total cash of $23.4 million and total outstanding debt of $934.5 million, with a leverage ratio of 3.3 times [26] - Expansion capital expenditures increased by $26.3 million year-over-year, with a focus on future growth [27] Q&A Session Summary Question: Guidance on improved broadband subscriber trajectory in Q1 - Management indicated that Q4 results were unusual due to a large rate increase and significant promo roll-offs, and they expect improvements in Q1 due to new strategies [34][35] Question: ACP program exposure and churn mitigation - The company has 30,000 customers on the ACP program, with 99% opting to continue services post-program, indicating confidence in subscriber retention [38] Question: Competitive landscape regarding telco fiber overlap - Management acknowledged some telco overlap but expressed confidence in competing effectively in those areas [40] Question: Subscriber losses versus new builds - Management noted that while there are losses in legacy markets, they are seeing improvements and expect a reversal of trends [46][47] Question: Customer churn reasons and competitive pressures - The majority of churn is to larger competitors like Comcast and Charter, but management is implementing strategies to reduce churn [50][51] Question: Liquidity position and CapEx plans - The company plans to be free cash flow positive for the full year, with reduced discretionary spending on expansion capital [64][66]