FTE Networks CEO says on track to meet or exceed 2018 revenue view of $350M
FTE Networks provided a shareholder update on its business outlook earlier today, in which President and CEO Michael Palleschi stated: "At the parent company level, FTE Networks is leveraging its technology expertise and our infrastructure segment's established position to drive operational momentum and realize synergies across all business lines. As we are laser focused on the in-building ecosystem, more companies are recognizing the benefits of our "one-stop shop" concept, as well as our strength in Edge Computing and that will drive the expansion of our geographic footprint into new markets. As I mentioned earlier, we are on track to meet or exceed our guidance of $350M in revenues, $30M in adjusted EBITDA and bringing 30 buildings on net for 2018. While this is a great accomplishment, it represents only the start of what we aim to achieve. We have ambitious goals, we are seeing great tangible progress validating our vision, and we expect great things to come."