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Multiband Reports Revenues, Positive digital satellite tv Operating Profit

0 Comments | Wireless News, Nov 18, 2009

Multiband reported record results, including 3Q09 revenues of $71.4 million, up 6 percent over 2Q09.

In a release dated November 16, the company stated:

– In the third quarter, the company generated record HSP (home service provider) revenues of $64.8 million, up 7 percent sequentially and 777 percent YoY, aided by higher install volumes in support of DirecTV. The company is benefiting from its expanded installation workforce which is servicing the strong demand for satellite video services across the bulk of its geographies. During the period the company completed a record 457,271 work orders related to this activity.

– Multiband’s MDU (multiple dwelling unit) segment posted solid operating results with revenues up 35 percent YoY to $6.6 million from $4.9 million in 3Q08. These gains were driven by increased number of Revenue Generating Units, increased sale of services to third parties in the Call and Support Center and greater activity in the Master System Operator division