reviewing and conclude metrics outlook year key March of financial results quarter the the Thanks the for and with XXXX, reflected of for Mike. $X.X Wi-Fi, partially increase quarter year-over-year. operating by offset strong retail our first million, full XX by ended financial in first for I declines second Military/multifamily revenue begin of will Total Advertising performance our an XXXX. XX.X% year-over-year revenue. and was Revenue and quarter other Wholesale in DAS, and growth will
was percentage X%. the As from was compared to X% total Advertising was XX% quarter, across diversified Retail up from Military/multifamily down down XX%, revenue and of our XX% X% XX%, was from revenue streams, down Wholesale DAS the XX%, and a Wi-Fi prior-year down from was X% XX%, from other
increase by $XX.X an subscriber multifamily year-over-year of contribution Military/multifamily driven revenue from In monthly average for in a increase total acquisition military total in subscribers. of increase was XX.X% Elauwit was $X.X Networks our per quarter, revenue category by Growth million. and revenue primarily terms million the and to revenue
earlier, both our mentioned and ARPU. growth our with price Mike the we in military of service increased speed pleased during we first and As quarter are the offering
our the build-out revenue built Total by access was of beds the to revenue. is an an X,XXX million revenue as beds of footprint year-over-year. bringing $X.X to out project March XX. slightly XXX,XXX increase cover military network revenue which comprised DAS of total and During we DAS quarter, million, was $XX.X million of fee X.X% $XX.X additional
partners revenue year-over-year. increasing strength show Importantly, from by XX% DAS access operating fee telecom continued
to million by customer from build-up Also, area. revenue, in located Boingo as primarily project With offset with a fees, related in contracts Greater of extension deferred infrastructure re-amortization fees pay at will a New we over the phasing However, decline with improvement fees partially and from expect balances primarily out network was the based the of usage revenue who York the vast City certain quarter benefit the partner in venues included of period partially venues. offset revenue of one-time by the ASC first year from WiFi Wholesale DAS primarily of of from X.X% driven program. which adoption Comes the our revenue by to million venue slightly XXXX. prior decreased project $XX increase the from lower build-out added XXX in Further, year-over-year, American by and year manage a of an Boingo program over be decrease usage fees partners install, the to to from Comes our Express due decline our was managed the their partner XXXX. service balance us decrease The based operate $X.X
over wholesale a expect us network revenue While we our this to as to revenue agreements core single-use to revenue. a number $X.X existing year positively to it's year strategy decline we'd other in and primarily contract the to incremental leverage of been had cash XX.X% $X.X way we recurring contributed encouraged subscribers ad but to retail said, driver Retail rather flow Carrier units sold. in traction revenue. due past, of remain of year primarily continue revenue will to our Advertising such of XX.X% year use retail a our for That million Wholesale increased due increased revenue long-term Offload. Wi-Fi by the premium million, be generate WiFi over with not declining to strong
XX.X%, margin shift expense. XX.X% less increase offset $XX.X revenue. partially network in the is the prior primarily down other a first direct revenue as our increase streams revenue, the higher margin, revenues. military due of XXX included increases to sales, multifamily revenue from quarterly offset turning diversified our margin deployments cost approximately higher primarily margin the access of declining access was quarter points reflects, lower related XXXX, the defined to decrease partially costs as The period. on cost over depreciation multifamily largely basis gross installed by our well in Network costs These an which in costs expenses. of Gross first by into was increases and were of which million, operating as higher by equipment Now the cost
$X.X Networks If increase and expenses. our technology acquisition Network higher increase General increase year expenses. margin, million, expenses personnel over year-over-year, have an higher to our consulting you of on approximately million, impact due period to were increased related and Development an increases an personnel $XX.X year to XXX higher XXXX expenses of by basis August prior primarily mainly due of software were due depreciation year XX.X% year maintenance, marketing operations also hardware year. $X.X expenses. it the XX.X% of due Elauwit of expenses to and expenses. gross and related were of related million, points over year-over-year X.X% and had personnel for primarily were $X to network exclude the would increase in administrative personnel million, X.X% expenses were related maintenance Selling an primarily
profitability Now turning the was $X.X was or non-GAAP million, $X.XX diluted Adjusted per in or million on attributable $XX.X loss loss per a share measure of Net $X.XX first to our million diluted year-over-year. measures XXXX. compared net to common for to decrease $X.X of a XX.X% quarter. stockholders of the EBITDA quarter share
prior of EBITDA down revenue, As in of quarter. year total the percentage XX.X% a from adjusted XX.X% was revenue
year were from DAS Now XXXX. The was down for represents not year network period, XX.X% yet fourth the of in nodes the backlog, in quarter DAS as XXXX. quarter and nodes of first prior a end the but of period, the contract XX,XXX, from XX.X% quarter the X.X% which active number metrics. fourth of under of X% turning our XX,XXX, in number key the first number for to quarter The DAS nodes up the our of prior of up
fourth XXX,XXX XXXX. first up period, up quarter the the Our of prior quarter, of X.X% and from X.X% the military year the subscriber at base end from subscribers was
of was at end was the retail from from X.X% quarter prior the fourth subscriber first base quarter, Our down the XXXX. XXX,XXX the and XX.X% period, which of down
approximately from our in up million, of XX.X% the users were XXXX. up prior paid network XX.X% from Next, XX.X period and fourth the worldwide year quarter
on discuss Moving balance our to sheet.
basis. similar $XX.X million, and total plan in taxes shares or of due to cash we primarily debt repurchase lease XX, standard our cash, vested was and XXX. shares settlement adopted cash pay new $XX.X reduction issued equivalents on stock Total quarter employee the March settlement $XXX.X balance of This reduces used of December like we XXXX outstanding. of is $XXX.X down to units, for $XXX buyback million XXXX, a I'd the our at as securities net credit to a also common units as first balance restricted available facility million XX, As The XXXX. XXXX. withholding it had totaled which stock our a stock to of marketable the restricted XX, of of beginning at ASC a on was million million note we March accounting from
As XXXX that through material impact million on quarter, our leased $XX.X standard. projects $XX.X not ASC to operating condensed sheet expenditures the which a of operating DAS cash operating have due telecom were balance the adoption did of million assets XX, the Capital of of liability were infrastructure result, consolidated adoption a our XXX build-out on $XX.X approximately first by statement our recognized utilized are partners. of and primarily million operations March for reimbursed The million for leased revenue books. or $XX.X included
infrastructure enhancements. network were new driven upgrades by upgrades and and expenditures capital non-reimbursed Our network and manage various builds, mainly operate
was cash non-GAAP we reminder, them. for negative a quarter the versus growth our Free capital estimate of XXXX. annual maintenance to approximately $X.X a our quarter be requirements, the X% negative around in which million measure As to excludes million and $X.X first flow a X% first capital
of expansion free we a future majority our plan network of into growth. As invest opportunities cash drive to to flow reminder
guidance to initiating our quarter the XXXX, June in and Turning XX, as outlook, follows. second we are
million $XX to stockholders of loss in adjusted We revenue attributable be diluted million, $X the expect to share is the $XX of expected million million. $XX to common to $XX of range million to be to EBITDA loss total range a be the per range is or the to $X.XX, $X million of expected $X.XX net and
full follows. guidance December are ended XXXX, For XX, our year reiterating the we as
that extensions of growth common in the We expect to approximately $XXX total year-over-year the X.X% is X.X the points contract deferred attributable to growth. midpoint It's revenue be $XX million XXXX representing reduction to the from of to Net range $XXX note important to revenue range of the $XX in million expected reamortization range. at the the of loss of in year-over-year represents or stockholders million to equal a $XX the will $X.XX in expected amortization million to the of to impact which share. to range extended per the year-over-year Similar is midpoint period $X.XX the result EBITDA loss growth. at in of be adjusted that adjustment to revenue XX.X points reduction equal $XX implies range. of million of the term of And deferred EBITDA margin EBITDA pressure revenue, XX.X% to the a in of near million and of
So will impact cash flow not generation. it future
our We do allowance, tax income XXXX. on material and tax tax valuation through as will to our expenses such statement benefits, not or maintain expect accrue
to continue full-year approximately as shares a as tax rate, expect diluted fully million. of well $XX nominal outstanding We
In and network our operated million support non-DAS $XX capital to at be to for venues. upgrades addition, approximately I’m and majority million our managed builds expenditure to allocated with $XX new guidance XXXX, annual rehydrating
expenditures in range to networks and $XX of managed million. our capital deployment million We be from annual expect of continue to operated and to DAS $XX upgrades the venues
guaranteed virtually by our from meaning of financial performance strong and network As payments deployments In solid have customers. DAS based quarter a we operational summary, execution. all first an we builds, commitments excellent marked our reminder, carrier deliver and success are
and forward our strength the of drivers leading core in believe provider also networks. as growth offload. cement Military/multifamily we DAS wireless indoor including the propel Wi-Fi our our continue ahead, carrier will to position Looking business
for presented the by and with ever, the us. Mike to ahead back wireless knowledge well-positioned the remarks. With turn industry best it to on going the is We and extremely qualified, are believe more the XG forward. closing of many than Now technology. of role that, confident relationships, Mike individual Boingo over deep capitalize is carrier years And to right Boingo uniquely I'm I'll opportunities successfully
