Nuvera Communications Inc (PK:NUVR)

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
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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

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