KeyOn reports third quarter 2009 results
OMAHA, Neb.--(BUSINESS WIRE)-- KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, reported its financial results for the quarter ended September 30, 2009.
"Our efforts to control expenses and improve operating efficiencies in order to generate positive EBITDA continued into the third quarter. While we reported negative EBITDA for the first time in three consecutive quarters, our third quarter was close to EBITDA positive after adjusting for non-cash items and some one-time expenses. In particular, third quarter results from operations include over $370,000 of expenses incurred in connection with KeyOn's$150 million stimulus applications under the American Recovery and Reinvestment Act of 2009 (ARRA)," commented Jonathan Snyder, President and CEO of KeyOn Communications...
"Our efforts to control expenses and improve operating efficiencies in order to generate positive EBITDA continued into the third quarter. While we reported negative EBITDA for the first time in three consecutive quarters, our third quarter was close to EBITDA positive after adjusting for non-cash items and some one-time expenses. In particular, third quarter results from operations include over $370,000 of expenses incurred in connection with KeyOn's$150 million stimulus applications under the American Recovery and Reinvestment Act of 2009 (ARRA)," commented Jonathan Snyder, President and CEO of KeyOn Communications...
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