Prison-Phone Firm ViaPath’s Quarterly Earnings Lag Projections
- Still saw earnings and revenue improve year-over-year
- Earnings were driven by continued growth in tablet segment
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American Securities-backed ViaPath Technologies, a prison phone and tablet company, reported an improvement in earnings and revenue during its most recent quarter, according to a lender presentation reviewed by Bloomberg.
The company, formerly known as Global Tel*Link, posted adjusted earnings before interest, taxes, depreciation and amortization of $75.7 million for the quarter ended June 30, a 4% year-over-year increase. Its total revenue clocked in at $157.8 million, a 7.7% increase from the same period last year.