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March 10, 2009

USA Mobility Q4 & annual revenue decreases

Posts a net income of $8m for Q4

By CBR Staff Writer

USA Mobility, a provider of wireless messaging and communications services, has reported a net income of $8m, or $0.32 per fully diluted share, for the fourth quarter ended December 31, 2008, compared to a net loss of $46.7m, or $1.70 per fully diluted share, in the corresponding quarter of 2007.

Total revenue for the fourth quarter of 2008 was $84.3m, compared to $100.2m in the corresponding period of 2007. EBITDA for the fourth quarter of 2008 was $29.8m, or 35.4% of revenue.

For the year ended December 31, 2008, the company reported a net loss of $157.1m, or $5.83 per fully diluted share, compared to a net loss of $5.2m, or $0.19 per fully diluted share, in 2007. For 2008, total revenue was $359.4m, compared to $424.6m in 2007, while EBITDA was $115.9m, or 32.2% of revenue, compared to $124.5m, or 29.3% of revenue, in 2007.

Vincent Kelly, president and CEO of USA Mobility, said: We experienced an acceleration of subscriber and revenue erosion over the second half of 2008 after years of steady improvement as gross unit placements slowed relative to past trends. We were able to offset a portion of the revenue loss through solid increases in paging ARPU which reached its highest level in several years.

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