![Frontier Communications Parent, Inc. [FYBR] reports annual net loss of $4.5 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FFYBR.png&w=3840&q=75)
Frontier Communications Parent, Inc. [FYBR] reports annual net loss of $4.5 billion
Company Reports Revenue of $2.2 billion
Frontier Communications Parent, Inc. [FYBR] has reported a net loss of $4.5 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.2 billion
Based in DALLAS, Texas, Frontier Communications Parent, Inc. operates in the TRANSPORT sector.
In the Consolidated Statements of Income for Frontier for the period ending April 30, 2021, the company reported revenues of $2.231 billion, which increased to $4.180 billion in the following 8-month period and further rose to $5.751 billion by the end of the 12-month period ending December 31, 2023. Comparing these figures with the prior year's amounts, revenue showed a consistent upward trend.
Moving on to operating expenses, the cost of service was $830 million for the 4-month period, increased to $1.532 billion in the 8-month period, and further rose to $2.125 billion by the end of the 12-month period. Similarly, selling, general, and administrative expenses and depreciation and amortization costs also showed an increasing trend over the periods.
