OnFiber Communications, a privately-held carrier based in Austin, Texas reported that its 2003 annual revenue grew 100% over 2002. The company said that by the end of 2003 it had accumulated more than $50 million in recurring services revenue. The company became EBITDA positive in the first quarter of 2003 and ended the year with EBITDA margin of approximately 20%. In the third quarter of 2003, OnFiber achieved operating cash flow positive status. OnFiber expects to be free cash flow positive in 2004.
The OnFiber network currently reaches or passes almost 1,000 commercial buildings and Points of Presence (POPs) in twelve metro markets across the U.S. http://www.onfiber.com
