Oct, 2003 : Inflow Attains EBITDA Positive Status, Adds Customers

📅 October 30, 2003 - Inflow (inflow.com), a provider of outsourced data center and managed hosting services, announced today the attainment of company EBITDA positive status for the third quarter of 2003.

The Colorado-based company said EBITDA positive status was reached due to increased revenue and continued cost controls.
"We are very excited to have reached this important step toward complete financial independence," said Mark Hughes, chief financial officer of Inflow. "Our ability to achieve this financial milestone is a result of our company focus on process and automation, which drives efficiencies while increasing revenue. Our streamlined operations model, combined with our minimal operating costs, continues to fuel our growth."
Inflow reported revenues of $12.1 million for the third quarter.
The company said that it billed 804 customers, with significant new customer additions helping drive top line revenue.
"Our team has worked incredibly hard toward this very important achievement," said Art Zeile, chief executive officer of Inflow. "We will continue to focus on providing the best service in the industry."

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