WOW(WOW)2025-03-14 11:00Revenue Performance - Total Revenue for Q4 2024 was 16.2 million, or 9.6%, compared to Q4 2023[4] - Total Subscription Revenue for the year ended December 31, 2024 was 53.8 million, or 8.5%, compared to 2023[5] - Total revenue for the year ended December 31, 2024, was 686.7 million in 2023[25] - Subscription services revenue decreased to 635.6 million in 2023[25] - HSD Revenue for Q4 2024 totaled 3.8 million, or 3.5%, compared to Q4 2023[5] - First quarter 2025 guidance for Total Revenue is projected to be between 149.0 million[20] Profitability and Loss - Net Loss for the year ended December 31, 2024 was 287.7 million in 2023[11] - For the three months ended December 31, 2024, the company reported a net loss of 43.5 million for the same period in 2023, resulting in a net profit margin of (6.9)% versus (25.8)%[36] - The company reported a basic loss per common share of 3.53 in 2023[25] Cash Flow and Liquidity - Cash and cash equivalents increased to 23.4 million in 2023[26] - Operating cash flow for the year ended December 31, 2024, was 135.1 million in 2023[26] Subscriber Metrics - Total Subscribers as of December 31, 2024 were 478,700, a decrease of 25,400 compared to December 31, 2023[13] - High-Speed Data (HSD) Revenue Generating Units (RGUs) decreased to 470,400 as of December 31, 2024, compared to 490,100 at the end of 2023[39] - Video RGUs declined to 60,600 as of December 31, 2024, down from 90,800 at the end of 2023[39] - As of December 31, 2024, the company passed 1,962,100 homes, an increase from 1,932,200 homes at the end of 2023[39] Capital Expenditures and Debt - Capital Expenditures for the year ended December 31, 2024 totaled 53.1 million, or 19.7%, compared to 2023[16] - Long-term debt and finance lease obligations increased to 915.7 million in 2023[25] - The company had total capital expenditures of 268.9 million in 2023[39] Adjusted EBITDA - Adjusted EBITDA for Q4 2024 was 2.5 million, or 3.5%, compared to Q4 2023[12] - Adjusted EBITDA for the year ended December 31, 2024, was 275.4 million in 2023, with an adjusted EBITDA margin of 45.7% compared to 40.1%[36] Other Financial Information - The company incurred 25.3 million in non-recurring professional fees, M&A integration, and restructuring expenses for the three months ended December 31, 2024[36] - The company reported impairment losses on intangibles of 47.0 million for the three months ended December 31, 2023[36] Market Presence - The company operates in 18 markets, primarily in the Midwest and Southeast, serving nearly 2.0 million consumers[27] - The company passed approximately 31,500 new homes in Greenfield markets, increasing penetration rates to 16.6%[3] Strategic Initiatives - The company plans to continue reviewing subscriber information policies to ensure accuracy across different markets[35]