RESTON, Va.- XO Communications Inc. reported revenues for the fourth quarter ended Dec. 31 of $253.1 million, a 181-percent increase from the $90.02 million reported for fourth-quarter 1999. The company also reported year-end 2000 revenues of $723.8 million.
XO said $112.9 million of the total revenue for the fourth quarter was attributable to voice services, and $137.8 million was attributable to data services, including Internet access and Web hosting.
The company said it experienced a net loss of $491.6 million, or $1.29 per share for the quarter, and a net loss of $1.1 billion, or $3.87 per share, for 2000.
Dan Akerson, president and chief executive officer of XO, said the operating results for the fourth quarter were solid, but the company has much work to do.
“We realize we must turn our focus toward our critical 2001 business objectives that include robust revenue growth, continuing our drive toward EBITDA break-even and accelerating our on-Net building initiative that is expected to drive improvements in customer provisioning and further improve our cost structure,” Akerson said.
