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Technology Stocks : SBA Communications Corporation (SBAC)
SBAC 246.39+1.2%Sep 16 3:59 PM EDT

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To: mike machi who wrote (76)11/11/1999 8:10:00 PM
From: mike machi  Read Replies (1) of 100
 

SBA Communications Corporation
SUMMARY HISTORICAL FINANCIAL DATA

For the three months For the nine months
ended September 30, ended September 30,
1998 1999 1998 1999
Operating Data:

Revenue:
Site development
revenue $ 9,965,367 $17,500,989 $33,623,782 $39,723,133

Site leasing
revenue 3,327,964 7,110,004 8,132,215 18,009,433

Total revenues 13,293,331 24,610,993 41,755,997 57,732,566


Cost of revenues:
Cost of site
development revenue 8,044,084 13,689,711 26,014,756 30,322,472

Cost of site
leasing revenue 1,919,516 3,238,123 5,039,074 8,392,646

Total cost of
revenues 9,963,600 16,927,834 31,053,830 38,715,118


Gross Profit 3,329,731 7,683,159 10,702,167 19,017,448


Operating expenses 4,325,787 4,781,248 13,127,718 13,714,319

Depreciation and
amortization 1,326,467 4,313,319 2,803,936 10,982,712

Total operating
expenses 5,652,254 9,094,567 15,931,654 24,697,031


Operating loss (2,322,523) (1,411,408) (5,229,487) (5,679,583)


Other income
(expense) (3,409,694) (6,401,375) (7,437,188) (18,650,459)

Loss before income
taxes and
extraordinary item (5,732,217) (7,812,783) (12,666,675) (24,330,042)

(Provision) benefit
for income taxes 612,229 (172,898) --- 403,003

Net loss before
extraordinary item (5,119,988) (7,985,681) (12,666,675) (23,927,039)

Extraordinary item --- --- --- (1,149,954)

Dividends on preferred
stock (712,500) --- (1,862,500) 733,403

Net loss to common
shareholders $(5,832,488) $(7,985,681) $(14,529,175) $(24,343,590)

Basic and diluted
loss per common
share $ (0.66) $ (0.28) $ (1.73) $(1.49)

Weighted average
number of shares 8,877,738 28,450,537 8,407,238 16,348,073

Other Data:
Earnings before interest
taxes, depreciation,
amortization and
non-cash compensation
charges $(947,931) $ 2,951,907 $(2,281,176) $5,489,775


Annualized Tower
Cash Flow $ 5,633,792 $15,487,524


As of As of
December 31, September 30,
1998 1999
(IN THOUSANDS)
Balance Sheet Data:
Cash and cash
equivalents $26,743 $ 2,705
Total assets $214,573 $347,184
Working capital $ 8,803 $(8,321)
Total debt $182,573 $255,912


SOURCE SBA Communications Corporation
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
-0-
CONTACT: Jeffrey A. Stoops, Chief Financial Officer, SBA Communications
Corporation, 561-995-7670
/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 120891

WEB PAGE: sbasite.com

GEOGRAPHY: Florida

INDUSTRY CODE: TLS

SUBJECT CODE: ERN
OTC
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