Zayo reports loss despite improved revenue
Last Updated: 14:16 February 7, 2014
The revenue marked an increase of $28.3 million compared with the same period a year ago. But net loss also increased, from $34.2 million to $36.3 million.
Boulder-based Zayo said in a press release that the revenue growth, which increased nearly $10 million compared with the previous quarter, was due "largely to a function of organic growth associated with positive net installations, and to a smaller extent, acquisition-related growth."
The net loss, which increased by $8.4 million compared with the previous quarter, was related to a $14 million jump in stock-based compensation expense.
Zayo Group has grown rapidly, acquiring several fiber-networking companies, and there has been speculation recently that Zayo could be primed for an initial public offering sometime this year.
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