LUS Fiber retail revenue up 32 percent in September
LUS Fiber's retail TV, phone and Internet sales revenue jumped 32 percent from August to September, according to the most recent monthly financial statement. The retail revenues total $117,614.53. Monthly expenses were $540,460.38, bringing net operating revenue (before depreciation and amortization) to negative $257, 059.66 for the month.
September expenses dropped significantly from last month's August report, which saw a $309,600 spike in the business' administrative expense account. LUS Director Terry Huval says the August spike was due to some administrative expenses coming due that needed to get in the 2008-2009 fiscal year for accounting purposes. He says these are recurring expenses that in the current fiscal year are being spread out over 12 months.
Overall, Huval says business is picking up and expects October's '09 fiscal year end report to show strong numbers. "Our revenues are continuing to go up, our sales our increasing," he says. "We're meeting and exceeding our targets every day on new customers being added on to the system." LUS is anticipating the Fiber business, which launched in February, to be cash positive by May or June of next year.
... written by NORTHSIDIAN SHOTGUN , November 24, 2009 - 05:24 pm
Kaw, May or June of next year,CONGRATs! You have an amazing talent, walking with those blinders and barely noticable on the stumbling. AY ya $ the LUS COUZANS get aah TURKEY ?
... written by Solutions? , November 24, 2009 - 10:55 pm
I love their internet service. I've had it for about to months now. Their TV service is still a work in progress, but overall not bad.
I talked to my IT buddy in Houston and told him about my internet speeds available. He was astonished. To get the speed that we have here, he would have to pay over a hundred bucks a month.
Keep it up LUS!
... written by LUS Follower , November 25, 2009 - 08:20 am
I am a fan of LUS. If they can provide fiber to more homes sooner, they will meet the goal. I am in phase 2 and every day I look for info on the fiber in my mailbox. LUS, please focus on a faster deployment. We are behind you and hope you don't get behind. Your network is fast, reliable, and reasonably priced. Your people are exceptional. Again, we need it now. Quit selling and focus on deployment. Signed, Your #1 Fan.
... written by War Bunny , November 25, 2009 - 06:34 pm
Did anyone notice the $257,059.66 LOSS? It looks like we are paying hundreds of bucks a month.
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AY ya $ the LUS COUZANS get aah TURKEY ?