Knology Inc, a Georgia based interactive communication and entertainment company, announced a growth of 11.5% when compared to last year in the second quarter.
Some of the highlights reported were:
Knology revenues increased to $102.1 million for second quarter 2008, which is an 11.5% revenue increase compared to the same time period a year ago.
EBITDA [Earnings Before Interest, Taxes, Depreciation and Amortization], as adjusted, has increased to $33.5 million for second quarter of 2008, which is an 17.6% increase when compared to the same time period during 2007.
The Free cash flow, also defined as the EBITDA, as adjusted, less capital expenditures & cash interest, also reached $9.5 million, which is a 9.3% yield, is a 21.8% increase in the free cash flow when compared to the prior quarter and this has helped Knology to deliver a double-digit free cash flow yield for the current year.
Business connections for Knology have crossed the 100,000 threshold, helping the company to end the quarter at 102,163, which is an 21% growth from June 30, 2007. The company has also added 3,474 business connections in the second quarter. All three products have also reported growth.
The average monthly connection ARPU has increased to $50.91 when compared to $48.90 in the same time period a year ago and $50.36 in the previous 2008 quarter.
The average monthly connection churn has also improved to 400 basis points which is a 2.7% increase in the second quarter of 2008 when compared to 3.1% in the same time period a year ago.
Knology is a West Point, Georgia based entertainment services and interactive communications provider in the Southeast. The company provides broadband networks, digital cable TV, long distance telephone services, internet access, video-on-demand, enhanced voice messaging features, digital video recorders(DVR), interactive television (HDTV), IP Centerx services and PON (Passive Optical Network services).