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Starry Group Holdings, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 9, 2022. Its latest SEC filing is a 424B3 from Feb 24, 2023.

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

What Did They Do?

Provides fixed wireless broadband internet service to residential subscribers, using its own network equipment and cloud-based systems.

Who Were Their Customers?

Starry sells directly to residents in large apartment buildings after securing building access, and directly to residents in smaller buildings and single-family homes. Building owners, associations or management companies can also buy service for specified units; affordable-housing owners partner on Starry Connect.

How Were They Changing?

Since the latest annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▲ +36%
vs $5.9M in Q3 FY2021
Net income
▲ +52% (Loss)
vs −$39.8M in Q3 FY2021
  • Feb 21, 2023 Files for Chapter 11 with lender-backed restructuring plan The agreement provides for either a lender-backed reorganization or a sale of the business.
  • Jan 31, 2023 Plans to leave the Columbus market Starry said it would focus investment on Boston, New York City, Los Angeles, Denver and Washington, DC.
  • Jan 4, 2023 NYSE delists shares and warrants Trading moved to the over-the-counter market after NYSE trading was suspended.

Who Did They Compete With?

Competes with AT&T, Comcast, Charter, CableOne, Verizon, CenturyLink, Frontier, TDS, Cox, RCN, Altice, T-Mobile, and US Cellular

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