Continuum (formerly known as Mi-Connection) numbers down a little

The Continuum Board of Directors met Thursday night for the FY2018 Q2 quarterly meeting.  aShortChronicle wasn't able to attend but did acquire the numbers presented at the meeting.

Here are the takeaways from the slides:

• Revenue is down slightly from the same quarter last year.
• Expenses are up slightly but most of that appears to from the increase in "marketing expense".  That would most likely be related to the rebranding from Mi-Connection to the Continuum name.
• Total Revenue Generating Units (RGUs) are down slightly along with total customer relationships.  RGUs are individual services like cable, phone, or high-speed data.
• Avg Revenue Per Customer is also down slightly.

In an environment where the real-estate market is hot and new construction is underway, seeing RGUs and total customers down year over year is not what you want to see.  The last slide is interesting in that it details more cost cutting measures which will eventually add to the bottom line.  Cost cutting has been the primary way the municipally owned cable operation has been able to reduce its need for subsidies over recent years.  Frugality and cost cutting is great, but eventually the operation has to figure out how to grow its customer base.

(Click on each picture to enlarge.)