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FTE Networks Announces Preliminary Third Quarter 2018 Revenue of $92.2 MillionFull results to be released on Tuesday, November 20, 2018 Management to Host Conference Call on Tuesday at 11:00 am ET NAPLES, Fla., Nov. 15, 2018 (GLOBE NEWSWIRE) -- FTE Networks Inc. (NYSE American: FTNW) ("FTE" or the "Company"), a leading provider of innovative technology solutions for smart platforms, network infrastructure and intelligent buildings, today provided an update regarding third quarter financial results. Michael Palleschi, President and CEO of FTE commented, “We are pleased with our operational execution during the quarter in both business segments, resulting in record revenues of $92.2 million with an estimated adjusted EBITDA of approximately 8% of revenues. Our infrastructure segment has won approximately $442.8 million of new contract awards year to date and continues to win business at a strong, steady pace. We are also pleased to see our adoption rates accelerating in our technology segment, CrossLayer. We look forward to providing a full update on Tuesday, November 20, 2018.” Conference Call and Webcast Information The dial-in information for the conference call is as follows:
The conference call will also be available via live audio webcast, which can be accessed through the events section of the Investor Relations section of the Company’s website at https://ir.ftenet.com/news-events or at http://public.viavid.com/index.php?id=130868. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast. For interested individuals unable to join the conference call, a replay of the call will be available through December 5, 2018, at 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International). Participants must use the following code to access the replay of the call: 13685281. About FTE Networks, Inc. FTE Networks, Inc. (“FTE”) is a leading provider of innovation technology. We enable adaptive and efficient smart network connectivity platforms, infrastructure and buildings. FTE provides end-to-end design, build, and support solutions for state-of-the-art networks, data centers, residential and commercial properties. We create transformative smart platforms and buildings. FTE’s services are predicated on smart design and consistent standards that reduce deployment costs and accelerate delivery of leading-edge projects and services. The Company works with Fortune 100/500 companies, including some of the world’s leading Telecommunications and IT Services Providers as well as REITs and Media Providers. Forward-Looking Statements The amounts set forth above are preliminary unaudited financial results and are based solely upon information available to management as of the date of this press release. Material adjustments may arise between the date of this release and the date on which the Company announces its third quarter 2018 results and files its quarterly report on Form 10-Q with the SEC. Corporate Contact:
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