Revenue totaled $301.5M, down from $331.5M in the same period last year, but XO Communications still musters a positive EBITDA of $0.3M

November 14, 2002

1 Min Read

RESTON, Va. -- XO Communications, Inc. (OTCBB:XOXOQ) today announced financial results for the three and nine month periods ended September 30, 2002. Total revenue was $301.5 million in the third quarter of 2002 compared to $331.5 million for this same period in 2001. This decrease resulted from a combination of economic factors, as well as the sale of XO's European operations in February 2002. Year-to-date revenue for the nine months ended September 30, 2002 totaled $960.4 million, a 4.9% increase over the comparable period in 2001. Of the total revenue reported in the third quarter of 2002, $158.0 million was derived from voice services, which includes revenue from local, long distance and other enhanced voice services, and $109.9 million was attributable to data services, which includes Internet access, network access, and web hosting. Revenue from integrated voice and data services totaled $33.4 million and other revenue totaled $0.2 million in the third quarter of 2002. The company reported positive EBITDA of $0.3 million in the third quarter of 2002, compared to an EBITDA loss of $53.5 million in the third quarter of 2001. This is the second consecutive quarter that XO has reported positive EBITDA results. As of September 30, 2002, XO had approximately $554.5 million in cash and marketable securities on hand, a slight increase from the $535.9 million in cash and marketable securities on hand as of the end of the second quarter. XO Communications Inc.

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