NASDAQ$ATNI

ATN International Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an increase in revenue but a decrease in operating income and Adjusted EBITDA.

ATN International reported a revenue increase of 12% year-over-year, driven by growth in the US Telecom segment and international broadband and mobile subscriber levels. However, operating income and Adjusted EBITDA decreased due to higher expense levels, particularly in the US Telecom segment as it transitions to a broader communications infrastructure platform.

  • Consolidated revenues increased by 12% year-over-year to $124.5 million.
  • Operating income decreased to $3.3 million, and Adjusted EBITDA decreased to $24.7 million.
  • Net income attributable to ATN's stockholders was $2.7 million, or $0.17 per diluted share.
  • US Telecom revenues increased by 48%, driven by FirstNet construction revenues and growth in fixed enterprise and residential revenues.

Headline financials

Total Revenue

$125M

Previous: $111M+12.3%
EPS (adj)

$0.17

Previous: -$0.06+383.3%
Adjusted EBITDA

$24.7M

No prior period
Capital Expenditures

-$25.7M

Previous: -$14.1M-82.6%
Free Cash Flow

-$21.4M

Previous: -$11.7M-83.2%
Net Income

$4.28M

Previous: $2.38M+80.0%
Operating Income

$3.35M

Previous: $7.3M-54.1%
Gross Profit

$62.4M

Previous: $64.3M-3.0%
Cash & Equivalents

$91.3M

Previous: $146M-37.5%
Total Assets

$1.06B

Previous: $1.11B-4.6%
Stock-Based Comp

$1.34M

Previous: $1.16M+15.2%

Revenue & EPS history

ATN · Revenue · Quarterly

$125M

Q1 2021+12.3%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ATN · $124M total across 2 segments · Q1 2021

  • International Telecom
    $83.8M+1.8%
  • US Telecom
    $40.3M+47.6%

Forward guidance

The company expects the acquisition of Alaska Communications to close in the middle of the year, which is expected to bring a substantial increase in revenue and EBITDA. They also expect to complete an additional 35% of the total FirstNet build by the end of 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.3%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-1.1%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+20.8%

Q2 2018

Best reaction

-31.7%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-0.9%
Q4 2025-16.7%-18.0%-8.5%
Q3 2025-3.1%-6.7%+37.6%
Q1 2025-15.4%-6.3%-19.7%
Q4 2024+6.8%+20.7%+9.6%
Q3 2024-27.7%-35.0%-36.2%
Q2 2024+14.6%+18.9%+17.9%
Q1 2024-31.7%-30.0%-16.7%
Q4 2023-22.0%-1.9%-15.9%
Q3 2023-9.9%-12.9%-7.7%
Q2 2023-1.0%-1.1%-1.6%
Q1 2023-2.9%-5.8%-1.4%
Q4 2022-13.4%-11.5%-17.9%
Q3 2022+4.2%+11.7%+21.6%
Q2 2022-5.1%+0.4%+5.7%
Q1 2022+1.1%-1.8%+10.2%
Q4 2021+1.0%-2.9%+14.6%
Q3 2021-7.1%-5.0%-6.8%
Q2 2021-1.0%-2.8%+3.3%
Q1 2021-1.0%-4.2%-0.8%
Q4 2020-1.7%+6.1%+2.9%
Q3 2020+2.9%+5.7%+14.0%
Q2 2020+4.1%-1.6%+3.8%
Q1 2020-11.8%-20.4%-15.7%
Q4 2019+1.2%-2.2%-6.5%
Q3 2019+10.4%+10.0%-3.0%
Q2 2019+0.4%-1.4%-9.1%
Q1 2019+3.8%+0.7%+1.4%
Q4 2018-23.1%-26.8%-28.6%
Q3 2018+10.6%+10.8%+13.8%
Q2 2018+20.8%+17.5%+36.3%
Q1 2018-7.6%-20.0%-20.7%
Q4 2017+7.3%+12.3%+7.2%
Q3 2017+2.1%-1.4%+12.7%
Q2 2017-9.1%-10.8%-9.1%
Q1 2017-0.7%-6.1%-11.0%
Q4 2016-6.2%-10.0%-11.4%
Q3 2016+1.8%+2.6%+12.5%
Q2 2016-7.6%-9.3%-18.6%
Q1 2016-0.5%
Q4 2015-6.3%
Q3 2015-7.6%
Q2 2015-0.6%
Q1 2015-3.3%
Q4 2014+4.3%
Q3 2014+2.0%
Q2 2014+8.9%
Q1 2014-4.1%
Q4 2013-0.6%
Q3 2013-2.5%
Q2 2013-3.3%
Q1 2013+1.9%
Q4 2012+8.1%
Q3 2012+6.4%
Q2 2012+12.9%
Q1 2011-5.6%
Q1 2012+18.3%
Q4 2011+1.1%
Q4 2009+1.1%
Q3 2011-4.6%
Q3 2010-4.6%
Q4 2010+6.7%
Q2 2010+6.7%
Q2 2011+6.7%
Q1 2010+2.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro