Continuum Board of Directors Met to Review
FY 2019 Q2 Financials
On Thursday, January 24, 2019, the Continuum (formerly MI-Connection) Board of Directors met to review second quarter financial results.
Continuum CEO David Auger presented financial results of the second quarter of fiscal year 2019 as compared to the second quarter of fiscal year 2018. Total revenue is up 1.97%, EBIDA (earnings before interest, depreciation and amortization, a key metric used by cable operators to measure performance) is up 15.42% and total expenses are up 2.37%. Revenue generating units (RGUs) are down 3.59%, and customer relationships are down 1.93% in FY19 Q2 versus FY18 Q2.
“Our customers tell us they are really happy with the internet speed increases we’ve implemented at no additional cost to them,” said Auger. “We are piloting a new program called ‘Continuum Unboxed’ which is a new way to stream the national cable line-up simply with Continuum’s internet service, providing a great alternative to our cable service.”
The Continuum Board of Directors will meet again on April 25, 2019 at 6:30 p.m. in the Davidson Town Hall board room.
For more information on Continuum, please visit www.ourcontinuum.com and www.townofdavidson.org/miconnection.
Continuum, formerly branded MI-Connection, is the community-owned and locally operated communications system proudly serving the towns of Mooresville, Davidson and Cornelius in the counties of Mecklenburg and Iredell in North Carolina. Continuum offers a Triple Play of Services including cable TV, high-speed internet and phone for both residences and businesses. For more information, visit www.ourcontinuum.com.