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Warwick Valley Telephone Q2 Loss Narrows

Warwick Valley Telephone Company (WWVY), also known as WVT Communications Group, reported a second-quarter net loss applicable to common stock of $235,000 or $0.04 per share, slightly narrower than the year-ago net loss of $247,000 or $0.05 per share.

Total operating revenues for the latest quarter rose 19 percent to $6.9 million from $5.8 million last year.

The company attributed the increase in revenue to the consolidation of financial results for the acquisition of Alteva and organic unified communications services revenue growth.

by RTTNews Staff Writer

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