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.
... written by Myrick6 , September 22, 2009 - 05:32 pm
EVERYONE I know who has switched is more than satisfied with their switch, esp. computer services. I've heard people SINGING the praises of the fast service their getting. No one has complained to me yet, and its been a large number of people. For them, the switch over has been a great experience.
... written by Affordable Opinion , September 22, 2009 - 06:41 pm
"putting July's net operating revenue before depreciation and amortization at negative $494,539.56."
Negative as in loss. So what's the burn rate? Or when do we run of money?
... written by Terry Huval , September 23, 2009 - 02:08 am
Our feasibility plan anticipated revenues would be less than operating expenses during the early years of the fiber deployment. Working capital was included in the fiber bond issue to account for that expectation. Based on the daily increases in new subscribers to the system, we will be cash positive in plenty enough time to meet all our obligations once the working capital is expended.
... written by Jeffrey , September 24, 2009 - 02:29 pm
I ran a splitter from my neighbor's house and use his fiber. I have to say despite the splitter, LUS fiber is amazingly fast. I thought that the splitter would make my connections a lot slower. Not so. My money is on LUS fiber, even if I don't actually pay for it.
... written by Chrisfromdet , December 02, 2009 - 05:04 pm
LOL at Jeffrey... Welcome to the first Fraud case for LUS.
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