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September 01, 2015 4:34 AM 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

3,600 Employees

Phone:

972-406-9692

Key Executives for Goodman Networks, Inc.

Chief Executive Officer, President and Director
Age: 52
Co-Founder, Executive Chairman and Chief Strategy Officer
Age: 47
Co-Founder and Vice President of Government Solutions
Age: 44
Co-Founder, Vice President of Staffing, Corporate Travel & Diversity Relations and Secretary
Age: 46
Co-Founder, Vice President of Transport Services and Treasurer
Age: 45
Compensation as of Fiscal Year 2015.

Goodman Networks, Inc. Key Developments

Goodman Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Asset Impairments for the Second Quarter Ended June 30, 2015

Goodman Networks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $186.674 million compared to $270.564 million a year ago. Operating income was $1.371 million compared to $6.685 million a year ago. Loss before income taxes was $9.682 million compared to $4.767 million a year ago. Net loss was $9.748 million compared to $4.883 million a year ago. Adjusted EBITDA was $7.5 million, down from $12.4 million for the three months ended June 30, 2014, a decrease of 40% driven primarily by a decline in operating income. The decrease in revenue was driven primarily by the decreased volume of services provided to subsidiaries of AT&T Inc. and the decline in services provided to Sprint, Inc. due to the completion of certain programs. For the six months, the company reported revenues of $400.045 million compared to $527.155 million a year ago. Operating loss was $16.004 million compared to operating income of $8.002 million a year ago. Loss before income taxes was $37.876 million compared to $15.106 million a year ago. Net loss was $38.273 million compared to $15.171 million a year ago. Net cash used in operating activities was $16.360 million compared to net cash provided by operating activities of $23.494 million a year ago. Purchases of property and equipment were $2.023 million compared to $6.486 million a year ago. Adjusted EBITDA was $2.7 million compared to $16.8 million for the six months ended June 30, 2014. The decrease in revenue was driven primarily by the decreased volume of services provided to subsidiaries of AT&T Inc. and the decline in services provided to Sprint, Inc. due to the completion of certain programs. For the second quarter ended June 30, 2015, the company reported asset impairments of $500,000.

Goodman Networks, Inc., Q2 2015 Earnings Call, Aug 13, 2015

Goodman Networks, Inc., Q2 2015 Earnings Call, Aug 13, 2015

Goodman Networks, Inc. to Report Q2, 2015 Results on Aug 13, 2015

Goodman Networks, Inc. announced that they will report Q2, 2015 results on Aug 13, 2015

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