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Short Take: Verio's revenue jumps, losses expand

National ISP Verio reported first-quarter revenue of $21.2 million, up from the $4.4 million a year ago. Net loss was $28.4 million, which included a one-time $10.1 million noncash charge in connection with refinancing some senior notes, as well as depreciation and amortization expenses of $6.4 million from acquisitions and investments in capital assets. A year ago, Verio reported a loss of $4.7 million.

National ISP Verio reported first-quarter revenue of $21.2 million, up from the $4.4 million a year ago. Net loss was $28.4 million, which included a one-time $10.1 million noncash charge in connection with refinancing some senior notes, as well as depreciation and amortization expenses of $6.4 million from acquisitions and investments in capital assets. A year ago, Verio reported a loss of $4.7 million.