NASDAQ$ATNI

ATN International Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ATN delivered a strong quarter with strategic objectives aligned with long-term growth plans, completing the integration of Alaska Communications and advancing the domestic fiber-first platform strategy.

ATN International reported a strong fourth quarter, with a 52% increase in consolidated revenues to $187.6 million compared to the same period last year. The company reported an operating loss of $20.3 million and Adjusted EBITDA of $42.3 million. The increase in revenue and Adjusted EBITDA was mostly driven by the addition of Alaska Communications' results.

  • Completed the integration of Alaska Communications.
  • Brought digital connectivity to remote areas such as southwestern Alaska and northern Arizona.
  • Made important advances in domestic fiber-first platform strategy.
  • Achieved more than 50% topline growth year over year.

Headline financials

Total Revenue

$188M

Previous: $124M+51.6%
EPS (adj)

-$0.30

Previous: -$1.29+76.7%
Adjusted EBITDA

$42.3M

Previous: $30.5M+38.7%
Capital Expenditures

$35.2M

Previous: $24.7M+42.8%
Free Cash Flow

-$2.39M

Previous: -$9.97M+76.0%
Net Income

-$24.2M

Previous: -$20.5M-18.0%
Operating Income

-$20.3M

Previous: -$14.7M-38.1%
Gross Profit

$98.9M

Previous: $65.9M+50.1%
Cash & Equivalents

$80.7M

Previous: $104M-22.3%
Total Assets

$1.61B

Previous: $1.08B+48.4%
Stock-Based Comp

$1.47M

Previous: $1.3M+12.3%

Revenue & EPS history

ATN · Revenue · Quarterly

$188M

Q4 2021+51.6%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ATN · $188M total across 2 segments · Q4 2021

  • US Telecom
    $100M+158.7%
  • International Telecom
    $87.5M+4.4%

Forward guidance

The company plans to fully leverage its differentiated approach to connect more people around the world, including an increased level of investment in fiber networks and other digital infrastructure across U.S. and international markets. As a result of these investments, the company anticipates additional revenue growth opportunities, higher customer counts and strong market share.

Tailwinds

  • Increased level of investment in fiber networks and other digital infrastructure.
  • Anticipate additional revenue growth opportunities.
  • Expect higher customer counts.
  • Expect strong market share.
  • Focus on meeting the growing demand for enhanced digital infrastructure.

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 Q4 2021

Historical avgQ4 2021

-1.3%

Avg return

Earnings day

-3.6%

Avg return

5 days after

-1.0%

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%+1.7%
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%

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