Sector: Technology | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 400 2ND ST N NEW ULM MN 56073 |
Tel: | N/A |
Website: | https://nuvera.net |
IR: | See website |
Key People | ||
Glenn Zerbe President, Chief Executive Officer | Curtis Owen Kawlewski Chief Financial Officer, Treasurer | Barbara A.J. Bornhoft Chief Operating Officer, Vice President, Corporate Secretary |
Business Overview |
Nuvera Communications, Inc. is a regional service provider. The Company's fiber network provides residential Internet service through both fiber-to-the neighborhood and gig-speed fiber-to-the-home services. It also provides business services including fiber Internet, voice, hosting and managed services. It is a Fiber Minnesota partner which enables connectivity for multi-location business customer locations, wireless towers and network connectively to Internet connection transport points. Its hosted voice over Internet protocol (VoIP) package utilizes its soft switching technology and enables its customers to have the flexibility of employing new telephone advances and features without investing in a new telephone system. In addition to Internet and VoIP services, the Company also offers a variety of commercial data connectivity services in select markets including private line and ethernet services to provide high bandwidth across point-to-point and multiple site networks. |
Financial Overview |
For the fiscal year ended 31 December 2023, Nuvera Communications Inc revenues increased less than 1% to $65.8M. Net loss totaled $3.2M vs. income of $7.2M. Revenues reflect A-CAM/FUSF increase of 6% to $12.5M, Other Non-Regulated increase of 16% to $4.7M, also reflect Network Access decrease of 20% to $3.8M, Video Service decrease of 3% to $12.1M. Net loss reflects Communications Segment income decrease of 20% to $9.2M. |
Employees: | 214 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $178.02M as of Dec 31, 2023 |
Annual revenue (TTM): | $65.79M as of Dec 31, 2023 |
EBITDA (TTM): | $24.89M as of Dec 31, 2023 |
Net annual income (TTM): | -$3.21M as of Dec 31, 2023 |
Free cash flow (TTM): | -$37.99M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $121.63M as of Dec 31, 2023 |
Shares outstanding: | 5,133,207 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |