Company Quick10K Filing
Otelco
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 3 $40
10-K 2020-03-09 Annual: 2019-12-31
10-Q 2019-11-05 Quarter: 2019-09-30
10-Q 2019-08-13 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-13 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-03-13 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-14 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-03 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-16 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-04-02 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-07 Quarter: 2012-03-31
10-K 2012-03-05 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-05 Quarter: 2011-06-30
10-Q 2011-05-06 Quarter: 2011-03-31
10-K 2011-03-04 Annual: 2010-12-31
10-Q 2010-11-04 Quarter: 2010-09-30
10-Q 2010-08-05 Quarter: 2010-06-30
10-Q 2010-05-07 Quarter: 2010-03-31
10-K 2010-03-08 Annual: 2009-12-31
8-K 2020-03-09 Earnings, Regulation FD, Exhibits
8-K 2020-03-02 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-02-03 Regulation FD, Earnings, Exhibits
8-K 2019-12-19 Officers, Exhibits
8-K 2019-11-05 Earnings, Exhibits
8-K 2019-10-08 Regulation FD, Earnings, Exhibits
8-K 2019-08-13 Earnings, Regulation FD, Exhibits
8-K 2019-07-09 Regulation FD, Earnings, Exhibits
8-K 2019-07-01 Officers, Exhibits
8-K 2019-05-09 Shareholder Vote
8-K 2019-05-06 Earnings, Officers, Regulation FD, Other Events, Exhibits
8-K 2019-03-29 Regulation FD, Earnings, Exhibits
8-K 2019-03-04 Earnings, Exhibits
8-K 2019-01-31 Regulation FD, Exhibits
8-K 2018-11-07 Earnings, Regulation FD, Exhibits
8-K 2018-10-15 Officers, Exhibits
8-K 2018-08-13 Earnings, Exhibits
8-K 2018-05-10 Officers, Shareholder Vote, Exhibits
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-03-05 Earnings, Exhibits

Otelco Financials

OTEL Metrics, Comps, Filings

Annual | Quarterly

Business

We were formed as a Delaware limited liability company in 1998 for the purpose of operating and acquiring rural local exchange carriers, which we refer to as RLECs. Since 1999, we have acquired eleven RLEC businesses, four of which serve contiguous territories in north central Alabama; three of which serve territories adjacent to either Portland or Bangor, Maine; and one each serving a portion of western Massachusetts, central Missouri, western Vermont and southern West Virginia. In addition to traditional telephone services, we provide a variety of unregulated telecommunications services in all of our RLEC territories, including internet data lines and long distance services. We have also acquired three facilities-based competitive local exchange carriers, which we refer to as CLECs, which offer services primarily to business and enterprise customers in Maine, New Hampshire, and Massachusetts and have historically operated under the trade name OTT Communications. The Company completed an initial public offering in December 2004 at which time it converted from a Delaware limited liability company into a Delaware corporation and changed its name to Otelco Inc. In 2018, we transitioned to using the brand name Otelco in all locations where we provide service.

Our RLEC companies trace their history to the introduction of telecommunication services in the areas they serve over 100 years ago. We are able to leverage our long-standing relationship with our local service customers by offering them a broad suite of telecommunications and information services, such as long distance, internet/broadband data access and, in some areas, video and security, thereby increasing customer loyalty and revenue per customer. Each RLEC qualifies as a rural telephone company under the Federal Communications Act of 1934, which we refer to as the Communications Act. We are currently exempt from certain costly interconnection requirements imposed on larger incumbent local telephone companies by the Communications Act. Although this exemption helps us maintain our strong competitive position, we have direct competition in the majority of our RLEC markets, primarily where a cable provider also serves the same market. In addition, the larger wireless carriers have deployed their networks in our markets.

In Maine, Massachusetts, and New Hampshire, our facilities-based CLEC serves primarily business and enterprise customers, utilizing both owned and leased fiber as its backbone network. In nearly two decades of operations, the CLEC has grown to serve over 2,000 customers.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Internet Gold Golden Lines (IGLD) 75,889 0% 19,514,000 19,350,000 0 0 0 0 75,889
Houston Wire & Cable (HWCC) 75,236 24% 4.9 4% 226,051 120,703 348,576 84,168 8,010 15,308 75,236
Frankly (TLK) 64,297 37% -2.8 -473% 6,244 29,408 17,577 6,582 -29,528 -22,156 61,408
Global Eagle Entertainment (ENT) 55,576 19% -6.6 -33% 702,929 1,003,459 648,721 123,144 -228,473 -127,368 835,020
Otelco (OTEL) 39,631 53% 4.6 7% 117,732 102,902 63,865 33,633 8,560 23,312 106,664
Remark Holdings (MARK) 38,749 68% -4.5 -88% 25,451 42,350 64,001 43,627 -22,510 -8,131 36,678
Clearone (CLRO) 36,788 44% -4.6 -31% 55,907 7,871 26,621 11,665 -17,125 -7,458 34,436
Asia Pacific Wire & Cable (APWC) 35,240 0% 305,798 83,982 0 0 0 0 35,240
Communications Systems (JCS) 27,678 37% 5.5 1% 54,076 9,302 66,074 24,279 724 2,505 13,900
Optical Cable (OCC) 24,839 27% -9.7 -13% 41,518 19,662 73,348 20,025 -5,363 -3,097 29,963
Westell Technologies (WSTL) 21,792 40% 0.2 -29% 47,233 8,139 39,535 15,675 -13,500 -13,454 -2,285
Sunworks (SUNW) 16,959 15% -2.6 -24% 29,014 22,105 65,447 9,940 -6,837 -6,449 16,789
Novume Solutions (NVMM) 12,792 29% -3.6 -32% 32,129 30,310 48,961 14,235 -10,391 -7,949 28,868
Ability (ABIL) 12,735 0% 25,374 21,825 0 0 0 0 -68,565
MER Telemanagement Solutions (MTSL) 5,943 0% 7,487 5,084 0 0 0 0 4,793
One Horizon Group (OHGI) 3,784 -10% -0.3 -115% 9,286 2,817 7,972 -771 -10,643 -10,189 2,965
DropCar (DCAR) 970 4% 0.3 -213% 4,800 2,334 13,298 487 -10,248 -9,354 -2,478
Glowpoint (GLOW) 723 0% 0.1 -90% 6,268 912 10,823 0 -5,667 -5,000 -264
XG Technology (XGTI) 632 0% -1.1 -42% 27,997 22,443 34,695 0 -11,826 -5,269 6,036
Qwest (CTY) 0 69% 1.8 4% 20,743,000 10,611,000 8,368,000 5,815,000 858,000 3,294,000 6,062,000

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash12,39432,5169,9165,0826,88410,5383,5704,657
Accounts Receivable4,3564,2063,7303,7323,5755,0354,6474,183
Inventory
PP&E65,88258,243281,29451,23749,81149,27150,88852,073
Assets317,724172,325131,678122,432118,581120,272114,939114,352
Accounts Payable1,4912,0071,5521,1041,8181,4771,6191,331
Long-Term Debt271,106270,990128,633112,135100,05297,30085,91274,562
Liabilities330,092313,923161,357146,439134,741130,980113,432103,450
Stockholders' Equity-29,679-24,007-16,160-10,7081,50710,902
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue101,84498,40478,97273,87071,10268,94468,52666,068
Cost of Revenue30,592
Gross Profit35,476
R&D
SG&A12,98514,01311,13710,9139,84610,23410,14710,451
Tax250-24,8686,3671,5352,4141,923-7,8562,745
Net Income2,197-126,900109,1445,0297,4845,14612,1159,467
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating19,53029,73118,65018,12221,01318,63717,96220,760
Cash Investing-15,560-6,358-6,229-6,458-6,612-6,880-8,511-7,994
Cash Financing-9,803-3,250-35,021-16,498-12,599-8,103-16,419-11,679