ATN INTERNATIONAL Reports Q2 FY2023 Revenue of USD 186.4 Million, Up 3.9% YOY
August 10, 2023
🌥️Earnings Overview
On July 27 2023, ATN INTERNATIONAL ($NASDAQ:ATNI) released their earnings results for the second quarter of FY2023, reporting total revenue of USD 186.4 million, a 3.9% year-over-year increase. Net income for the quarter was USD 0.77 million, a dramatic improvement from the -0.52 million reported in the same period in the previous fiscal year.
Analysis
GoodWhale has conducted an analysis of ATN INTERNATIONAL‘s fundamentals and concluded that it is classified as a ‘cheetah’ company. This type of company is one that has achieved high revenue or earnings growth, but is considered to be less stable due to lower profitability. Investors who are looking for companies that have strong dividend performance and moderate growth and profitability may be interested in the investment potential of ATN INTERNATIONAL. The company has a health score of 5/10 with regard to its cash flows and debt, which indicates that it might be able to safely ride out any crisis without the risk of bankruptcy. However, potential investors should note that the company’s asset performance is only moderate, so investors should ensure they understand the risks associated with investing in a company with such characteristics before investing. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Atn International. More…
| Total Revenues | Net Income | Net Margin |
| 746.44 | -7.02 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Atn International. More…
| Operations | Investing | Financing |
| 112.52 | -188.17 | 70.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Atn International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.73k | 980.51 | 35.41 |
Key Ratios Snapshot
Some of the financial key ratios for Atn International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.6% | -14.8% | 2.2% |
| FCF Margin | ROE | ROA |
| -8.4% | 1.8% | 0.6% |
Peers
The company operates through four segments: Wireless, Wireline, Renewables, and Corporate. The Wireless segment offers voice and data services to residential and business customers. The Wireline segment provides data and voice services to residential and business customers in the Caribbean, including local and long-distance calling, data services, and Internet access. The Renewables segment develops, owns, and operates solar and wind projects. The Corporate segment includes the company’s corporate operations. ATN International Inc. was founded in 1995 and is headquartered in Beverly, Massachusetts. ATN International Inc’s competitors include PT Link Net Tbk, Millicom International Cellular SA, and Shaw Communications Inc.
– PT Link Net Tbk ($IDX:LINK)
PT Link Net Tbk is an Indonesian telecommunications company with a market capitalization of 7.87 trillion as of 2022. The company has a return on equity of 11.5%. PT Link Net Tbk provides broadband internet, pay TV, and fixed-line telephone services to residential and business customers in Indonesia.
– Millicom International Cellular SA ($NASDAQ:TIGO)
Millicom International Cellular SA is a mobile telecommunications company that operates in 18 countries in Latin America and Africa. The company has a market cap of 1.91B as of 2022 and a Return on Equity of 33.26%. Millicom offers a wide range of mobile and fixed-line telecommunications services to consumer and corporate customers, including voice, data, short message service (SMS), and multimedia. The company has a strong focus on emerging markets and has a leading market position in many of its markets.
– Shaw Communications Inc ($TSX:SJR.B)
Shaw Communications Inc. is a Canadian telecommunications company that provides Internet, telephone, television, and wireless services all across Canada. The company has a market cap of 17 billion as of 2022 and a return on equity of 12.9%. Shaw Communications has been in business for over 50 years and is one of the largest telecommunications companies in Canada. The company provides services to over 3 million customers and employs over 10,000 people.
Summary
ATN INTERNATIONAL reported a 3.9% increase in total revenue for the second quarter of FY2023, reaching USD 186.4 million. Net income for the quarter was reported at USD 0.77 million, significantly higher than the -0.52 million reported in the same period of the previous year. Despite the strong financial results, investors reacted negatively to the news and the stock price dropped on the day of the earnings announcement.
This could be due to investor concerns over the sustainability of the company’s growth going forward, as well as uncertainty about the impacts of macroeconomic factors on ATN INTERNATIONAL’s operations. Overall, investors should conduct a thorough analysis of the company’s performance and financial position to gain an accurate understanding of its potential for future growth and success.
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