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June 02, 2015 1:42 PM ET

IT Services

Company Overview of Goodman Networks, Inc.

Company Overview

Goodman Networks Incorporated provides end-to-end network infrastructure and professional services to wireless telecommunications industry in the United States. It operates through three segments: Professional Services, Infrastructure Services, and Field Services. The Professional Services segment provides technical services primarily related to designing, engineering, integration, and performance optimization of transport and core equipment of enterprise and wireless carrier networks. It also offers services related to the design, engineering, installation, integration, and maintenance of indoor small cell and distributed antenna systems networks, as well as consulting, post-deployment moni...

6400 International Parkway

Suite 1000

Plano, TX 75093

United States

Founded in 2000

3,800 Employees

Phone:

972-406-9692

Key Executives for Goodman Networks, Inc.

Chief Executive Officer, President and Director
Age: 51
Co-Founder, Executive Chairman and Chief Strategy Officer
Age: 46
Co-Founder and Vice President of Government Solutions
Age: 43
Co-Founder, Vice President of Staffing, Corporate Travel & Diversity Relations and Secretary
Age: 45
Co-Founder, Vice President of Transport Services and Treasurer
Age: 44
Compensation as of Fiscal Year 2014.

Goodman Networks, Inc. Key Developments

Goodman Networks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment Charges for the First Quarter Ended March 31, 2015

Goodman Networks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported operating loss of $17,375,000, loss before income taxes of $28,194,000, net loss of $28,525,000 on revenues of $213,371,000 against operating income of $1,317,000, loss before income taxes of $10,339,000, net loss of $10,288,000 on revenues of $256,591,000 for the same period a year ago. Net cash used in operating activities was $35,990,000 against $30,633,000 for the same period a year ago. Purchases of property and equipment was $1,324,000 against $2,024,000 for the same period a year ago. Negative adjusted EBITDA was $4,795,000 against adjusted EBITDA of $4,381,000 for the same period a year ago. The decrease in adjusted EBITDA driven primarily by the decline of revenues and gross margins in IS segment. Total revenue decreased as expected, driven primarily by the decreased volume of services provided to subsidiaries of AT&T Inc. and a $9.3 million decline in services provided to Sprint, Inc. due to the completion of certain programs. Impairment charges for the first quarter ended March 31, 2015 were $2,275,000.

Goodman Networks, Inc., Q1 2015 Earnings Call, May 14, 2015

Goodman Networks, Inc., Q1 2015 Earnings Call, May 14, 2015

Goodman Networks, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Goodman Networks, Inc. reported consolidated earnings results for the year ended December 31, 2014. For the quarter, total revenues were $931.74 million against $1,119.18 million a year ago. Operating income was $4.53 million against operating income of $40.99 million a year ago. Loss before income taxes from continuing operations was $35.73 million against $5.63 million a year ago. Net loss from continuing operations was $43.23 million against $14.92 million a year ago. EBITDA from continuing operations was $14.31 million against $52.56 million a year ago. Adjusted EBITDA from continuing operations was $25.75 million against $69.73 million a year ago. Net cash provided from operating activities was $24.22 million against net cash used in operating activities of $32.62 million a year ago. Purchases of property and equipment were $2.987 million against $4.019 million a year ago.

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