0.04
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Close of 5 Nov 2026, in USD
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About Towerstream
Its shares trade under the ticker TWER. It has been listed since 21 September 2006. In the fiscal year to 31 December 2018, it reported revenue of $24.6m and a net loss of $10.2m. At that date it held total assets of $18.4m and shareholders' equity of −$24.4m.
Towerstream Corp. provides fixed wireless broadband network services. The company is headquartered in Middletown, Rhode Island. The company went IPO on 2006-09-21. The firm operates through Fixed Wireless Services (Fixed Wireless) segment. Its fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. Towerstream installs equipment on the rooftops of the buildings in which the Fixed Wireless segment customers operate and refer to these as Customer Locations. This equipment includes receivers and antennas, and a wireless connection is established between the Customer Location to one or more of its points of presence (PoPs). The company provides fixed wireless broadband services to commercial customers and delivers access over a Wireless network transmitting over both regulated and unregulated radio spectrum. The company provides services to business customers in various locations, including New York City, Boston, Chicago and Houston.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Communication Services
- Industry
- Diversified Telecommunication Services
- Listed since
- 21 Sept 2006
- Employees
- 80
- Website
- towerstream.com ↗
Leadership
Pay as last reported
- Mr. Philip UrsoChairman of the Board, since 2007$60,060
- Mr. Ernest OrtegaChief Executive Officer, Director, since 2017$460,835
- Mr. William BushIndependent Director
- Dr. Howard HaronianIndependent Director
- Ms. Monica GouldIR Contact Officer
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Towerstream Corp has a strong market presence and a well-established brand reputation.
- The company offers innovative and reliable wireless solutions, which sets them apart from competitors.
- Towerstream Corp has a diversified customer base, reducing dependency on any single client.
- The company has a highly skilled and experienced management team, contributing to effective strategic decision-making.
Weaknesses
- Towerstream Corp may face difficulties in expanding its network coverage, limiting potential growth opportunities.
- The company's financial position may be a weakness, as it struggles to generate consistent profitability.
- Towerstream Corp relies heavily on third-party vendors for equipment and infrastructure, which could lead to operational challenges.
- The company's limited geographical presence may restrict its ability to capture a larger market share.
Opportunities
- The increasing demand for high-speed internet and data services presents a significant growth opportunity for Towerstream Corp.
- Expanding partnerships with other technology companies can help the company enhance its service offerings and diversify revenue streams.
- Towerstream Corp can capitalize on the growing trend of remote work and cloud-based services, providing reliable connectivity solutions for businesses.
- The development of 5G technology offers potential opportunities for Towerstream Corp to upgrade its infrastructure and provide faster wireless services.
Threats
- Towerstream Corp faces intense competition from both established telecommunications companies and emerging startups in the wireless solutions industry.
- Economic downturns or recessions may negatively impact the company's ability to attract new customers or maintain current ones.
- The ever-evolving regulatory environment pertaining to wireless communication may pose challenges for Towerstream Corp.
- Technological advancements and disruptive innovations in the industry could render Towerstream Corp's current solutions obsolete.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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