Clearwire Pre-Announces, Adds 1.9M Subs

October 13th, 2011 by · 1 Comment

Embattled WiMAX protagonist clwr took the bull by the horns this morning and pre-announced a selection of its Q3 results. The company expects to announce revenues of $332M, up from $294M in the second quarter.

They also expect cost savings and revenue growth to drive their EBITDA loss to improve by more than 50% sequentially, which suggests an EBITDA loss of less than $43M. Cash and equivalents at the end of the quarter will be about $700M.

Net wholesale subscribers are expected to have surged by 1.9M, or 29% sequentially to 9.5M. That's an acceleration from the 1.5M in the prior quarter.

All of that seems to be above expectations, and should prompt the raising of guidance when they finalize the numbers. Guidance currently is for 10M subscribers by the end of the year, which seems rather easy to reach at this point.

However, Clearwire's strong numbers are somewhat overshadowed right now by the uncertainty created by Sprint's plans to build its own LTE network. But it certainly can't hurt to get their EBITDA closer to break even by the end of the year.

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Categories: Financials · Wireless

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