Daily BriefsUnited States

Daily Brief United States: Shenandoah Telecommunications Company and more

In today’s briefing:

  • SHEN: One-Time Benefits Offset Loss

SHEN: One-Time Benefits Offset Loss

By Hamed Khorsand

  • SHEN reported first quarter results benefiting from non-recurring termination revenue and tax refunds. SHEN’s revenue and profitability were aided in the quarter with $1.7 million in termination fee
  • Net income benefited from a one-time refund on sales tax and interest earned on tax refunds more than offsetting SHEN’s interest expense
  • SHEN ended the first quarter with 28,793 Glo Fiber subscribers, up 4,507 from the fourth quarter 2022

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