Exhibit 99.1

Alaska Communications Reports First Quarter 2018 Results

ANCHORAGE, Alaska--(BUSINESS WIRE)--May 9, 2018--Alaska Communications Systems Group, Inc. (NASDAQ: ALSK) today reported financial results for the first quarter of 2018.

“Our first quarter performance met our expectations and creates the foundation to achieve our annual goals. Our revenue decline for the quarter is attributable to compression in our health care vertical. The cost control measures we proactively put in place mitigated the impacts of this revenue compression resulting in stable Adjusted EBITDA performance for the quarter.

Demand drivers like small cell backhaul, opening up of Arctic markets with the recent fiber turn up by one of our partners and increased investments by companies in the energy sector will create opportunities powering our Enterprise & Carrier segment and driving growth for the next couple of years.

Additionally, we continue to make progress in Mass Market with our investments in fiber fed WiFi and fiber fed fixed wireless technologies. We are tracking to our CAF II deliverables, which will add to our performance in this segment over the next several years as well.

We look forward to reporting progress over the upcoming quarters,” said Anand Vadapalli, president and CEO of Alaska Communications.

Revenue Highlights: First Quarter 2018 Compared to First Quarter 2017

  • Total revenue:
    • Revenue was $56.0 million, compared to $56.7 million.
    • Total broadband revenue was $29.7 million, compared to $31.0 million.
  • Business and wholesale:
    • Comprised 60.3 percent of total revenue.
    • Revenue was $33.8 million, compared to $34.5 million.
    • Broadband revenue was $23.2 million, compared to $24.6 million.
  • Consumer:
    • Comprised 16.7 percent of total revenue.
    • Revenue was $9.4 million, compared to $9.3 million.
    • Broadband revenue was $6.5 million, compared to $6.4 million.
  • Regulatory:
    • Comprised 23.0 percent of total revenue.
    • Revenue was $12.8 million, compared to $12.9 million.

Financial Metrics: First Quarter 2018 compared to First Quarter 2017

  • Operating income was $5.3 million, compared to $4.7 million.
  • Net income was $2.1 million compared to a net loss of $0.7 million.
  • Net cash provided by operating activities was $13.4 million, compared to $5.3 million.
  • Capital expenditures were $8.7 million, compared to $5.1 million.

Balance Sheet Metrics: March 31, 2018 compared to December 31, 2017

  • Cash was $17.0 million, compared to $16.2 million.
  • Net debt was $174.5 million, compared to $177.2 million.
  • On May 1, 2018 the company repurchased the remaining $10 million of its convertible debt.

The following information was filed by Alaska Communications Systems Group Inc (ALSK) on Wednesday, May 9, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Alaska Communications Systems Group Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alaska Communications Systems Group Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account