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Internap Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2019 10-K, filed May 8, 2020. Its latest SEC filing is a 3 from May 18, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Provides data center space, cloud and hosting services, and network connectivity to businesses and enterprises.

How Did They Make Money?

Customers generally pay recurring monthly charges under contracts of one year or more for colocation, hosting, cloud and network services; charges may rise when usage exceeds monthly minimums. Installation fees are spread over time.

revenue

Who Were Their Customers?

Serves businesses and enterprises of varied sizes across industries including healthcare, advertising, technology, finance, gaming and software.

Did Revenues Turn Into Profits?

No. It lost $138.2M in .

Operating income,
−23% of revenue
▼ Now a loss vs ($7.1M, 2%)
Net income,
−47% of revenue
▲ +121% (Loss) vs (−$62.5M, −20%)

How Were They Changing?

Shrank. Revenue fell 8% in 4 years, from $318.3M in to $291.5M in , about 2% a year.

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