ATN International Reports $179.3 Million Revenue and $11.4 Million Net Loss in Q1 2025

ATN International, Inc. reported a total revenue of $179.3 million for the first quarter of 2025, a decrease of 4% from $186.8 million in the same period of 2024. The decline was primarily driven by a drop in communication services revenue, which fell to $174 million from $181.3 million year-over-year. The company also recorded a net loss of $11.4 million, compared to a loss of $7.9 million in the prior year, resulting in a net loss per share of $0.69, up from $0.50.

The company's operating expenses decreased by 3.1% to $176.6 million, down from $182.2 million in the previous year. This reduction was attributed to cost-saving initiatives, including reorganizations and workforce reductions. Notably, selling, general, and administrative expenses saw a significant decline of 10% to $55.2 million, reflecting the impact of these cost management strategies. However, restructuring and reorganization expenses increased to $1.8 million from $1.2 million, indicating ongoing adjustments within the organization.

In terms of operational metrics, ATN's International Telecom segment experienced a slight revenue increase of 1.5% to $94.5 million, while the US Telecom segment saw a more pronounced decline of 9.5% to $84.8 million. The decrease in the US segment was largely due to the conclusion of government funding programs, which had previously bolstered revenue. The company reported a total of 15.1 million weighted average shares outstanding for the quarter, with dividends declared at $0.24 per share.

Strategically, ATN has been focusing on expanding its telecommunications infrastructure and services, particularly in rural and remote markets. The company is actively pursuing government grants and funding opportunities to support its capital expenditures, which totaled $43.3 million in the first quarter. This included $22.4 million in reimbursable expenditures under various government programs. The company anticipates continued investment in its telecommunications networks, with plans for approximately $90 million to $100 million in capital expenditures for the year.

Looking ahead, ATN International remains committed to enhancing its service offerings and operational efficiency. The company is optimistic about its growth prospects, particularly in light of ongoing investments in network upgrades and expansions. However, it acknowledges potential challenges, including inflationary pressures and regulatory changes that could impact its financial performance. The company continues to monitor market conditions and adjust its strategies accordingly to navigate these challenges effectively.