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FAIRPOINT COMMUNICATIONS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 4, 2017. Its latest SEC filing is a SC 13G/A from Feb 14, 2018.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Sells internet and data, phone, and video services to businesses, carriers and households.

How Did They Make Money?

Customers pay for communications services as they use them or through recurring service bills. Internet and data bills are generally paid in advance; long-distance charges are billed after use.

revenue

Who Were Their Customers?

Residential customers use local call centers. Businesses and public-sector or wholesale accounts are served through local call centers, direct sales or named-account teams.

Did Revenues Turn Into Profits?

Yes. It kept 13 cents of every revenue dollar as net income in .

Operating income,
28% of revenue
▲ +35% vs ($169.6M, 20%)
Net income,
13% of revenue
▲ +15% vs ($90.4M, 11%)

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Mar 31, 2017
Revenue
▼ −2%
vs $206.8M in Q1 FY2016
Net income
▼ Now a loss
vs $18.6M in Q1 FY2016
  • Jul 7, 2017 Consolidated completed its merger with FairPoint FairPoint became a wholly owned subsidiary of Consolidated, and its shares were removed from Nasdaq listing.

Shrank. Revenue fell 15% in 4 years, from $973.6M in to $824.4M in , about 4% a year.

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