NorthState Reports Fourth Quarter 2019 Results

HIGH POINT, N.C., Feb. 25, 2020 (GLOBE NEWSWIRE) — NorthState, a fiber optic network, cloud and IT services provider, announced today its financial results for the fourth quarter and year ended December 31, 2019. 
Summary of Selected Financial DataQuarter Ended December 31, 2019 versus Quarter Ended December 31, 2018Consolidated net operating revenue (NOR) of $34.6 million for the 2019 quarter, a decrease of 8.5% compared to NOR of $37.8 million for the 2018 quarter.Total strategic revenue¹ of $25.3 million for the 2019 quarter, a decrease of 8.3% compared to total strategic revenue of $27.6 million for the 2018 quarter.  Strategic revenue comprised 73% of NOR for the 2019 quarter and the 2018 quarter.
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