ATN INTERNATIONAL Reports Second Quarter FY2023 Earnings Results
August 27, 2023
🌥️Earnings Overview
On July 27th, 2023, ATN INTERNATIONAL ($NASDAQ:ATNI) reported its earnings results for the second quarter of fiscal year 2023, which ended on June 30th 2023. The total revenue was USD 186.4 million, an increase of 3.9% from the same period of the previous year. Net income was also significantly higher than the -0.52 million reported in the same period of last year, totaling USD 0.77 million.
Share Price
The company’s stock opened at $37.9 and closed at $36.4, representing a 3.0% decrease from the previous closing price of 37.5. On this news, ATN INTERNATIONAL’s share price saw a noticeable drop of 3.0% from the previous close, indicating investors were not overly impressed with the results. As it stands, ATN INTERNATIONAL is well positioned to continue building on its current success and deliver further growth in the coming quarters. Live Quote…
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% |
Analysis
GoodWhale has completed an analysis of ATN INTERNATIONAL‘s financial and business fundamentals. According to our Risk Rating, ATN INTERNATIONAL is a medium risk investment. GoodWhale has detected 3 risk warnings in the income sheet, balance sheet and cash flow statement. We invite you to register with us to check out the details of the risk warnings. Our team of experts is available to assist you in understanding and interpreting the data to make an informed decision. More…
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 strong financial results for the second quarter of fiscal year 2023. Total revenue for the quarter was 186.4 million USD, a 3.9% increase from the same period last year. Net income was 0.77 million USD, a marked improvement from the previous year’s -0.52 million USD.
Despite these positive figures, the stock price of ATN International dropped on the same day, indicating that investors may have been expecting even better numbers or that they are concerned about future prospects of the company. Nonetheless, ATN International has delivered solid results and investors should continue to keep an eye on its progress.
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