LUS Fiber continues to steadily climb toward its stated revenue goals for year one.
According to its latest monthly financial report, LUS Fiber generated $65,218.15 in retail sales for the month of July, a 31 percent increase over June's retail revenue of $49,612.48. The newly released July statement also reports monthly operating expenses holding relatively steady at $559,757.71, putting July's net operating revenue before depreciation and amortization at negative $494,539.56.
LUS remains tight-lipped about the specifics of its customer base and marketing strategy. However, as a public entity, it is held to a different standard when it comes to releasing its financial statements and overall business goals. The business has so far gotten off to a slower-than-anticipated rollout, but has since been rebounding with expanded coverage and personal door-to-door sales calls. Last month, LUS Director Terry Huval told The Independent the service was now available throughout all of its Phase 1 service area.
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