Leap trims Q4 losses

29 Feb 2008

US wireless carrier Leap Wireless International posted revenues of nearly USD430 for the three months to 31 December 2007, up 37% from USD314 million in the year earlier quarter, and trimmed its net loss from USD45.6 million to USD18 million. The positive performance helped drive Leap’s share price up 12% to USD41.96 in early trading. For the full year, Leap reported total revenue of USD1.35 billion, up 46% from USD956.4 million in 2006. Net losses for the year totalled USD75.9 million, compared to a loss of USD24.4 million the previous year. At the end of December 2007, Leap Wireless said it had 2.86 million customers nationally, but expected to have three million by March.

United States, Leap Wireless International